Porter, the on-demand logistics platform, has reportedly entered India’s unicorn club after raising $200 million (approx. Rs 1,700 crore) in a Series F funding round. The round was led by Kedaara Capital and Wellington Management, with participation from existing investor Vitruvian Partners. The funding includes a mix of primary capital infusion and secondary share sales from select existing shareholders.
While Porter has yet to officially disclose its valuation, reports suggest it now stands between $1.1 billion and $1.2 billion. This milestone makes Porter the third Indian startup to achieve unicorn status in 2025, following Netradyne and Juspay.
Founded in 2014 by IIT alumni Pranav Goel, Uttam Digga, and Vikas Choudhary, Porter offers a tech-driven, asset-light platform for intra-city logistics, including on-demand trucking, packers and movers, and enterprise solutions. Its fleet connectivity model enables seamless, efficient goods transport for both individuals and businesses.
Anant Gupta and Ashutosh Sardesai from Kedaara Capital praised Porter’s scalable model, strong execution, and deep market understanding, noting its potential to transform India’s largely unorganized urban logistics sector.