Porter joined the Unicorn Club on May 16, 2024. Headquartered in Bengaluru, Karnataka, India, Porter provides on-demand goods transportation and logistics solutions through a mobile application.
The platform enables businesses and individuals to transport items using various vehicle types. Services include supply chain support for businesses, residential moving and packing solutions, and end-to-end logistics management across cities.
Keep reading to learn how Porter became a unicorn in logistics technology.
What Is Porter and What Does It Do?
Founded in 2014, Porter is a logistics tech platform offering on-demand goods transportation, supply chain solutions, and moving services. The company caters to businesses needing distribution support and individuals requiring residential relocation assistance.
Porter provides multiple vehicle options, packing services, and technology-driven logistics management, focusing on fast, reliable, and cost-effective transportation solutions.
How Much Funding Has Porter Raised?
1. Series F Round
- Amount Raised: $151 million
- Date: Sep 09, 2025
- Lead Investors: Wellington, Kedaara
- Purpose: Scale operations, expand logistics network, and enhance technology platform
2. Seed Round
- Amount Raised: ~$10 million
- Date: 2014
- Key Investors: Wellington, early stage investors
- Purpose: Launch core logistics platform and onboard initial customers
3. Series A Round
- Amount Raised: ~$15 million
- Date: 2015
- Key Investors: Wellington, Kedaara
- Purpose: Expand fleet and improve technology infrastructure
4. Series B Round
- Amount Raised: ~$20 million
- Date: 2016
- Key Investors: Wellington, Kedaara
- Purpose: Scale operations and optimize delivery management
5. Series C Round
- Amount Raised: ~$30 million
- Date: 2017
- Key Investors: Wellington, Kedaara, strategic investors
- Purpose: Expand geographic reach and improve operational efficiency
6. Series D Round
- Amount Raised: ~$36 million
- Date: 2018–2019
- Key Investors: Wellington, Kedaara
- Purpose: Strengthen supply chain and technology platform
7. Series E Round
- Amount Raised: ~$40 million
- Date: 2020–2023
- Key Investors: Wellington, Kedaara
- Purpose: Enhance fleet management, digital solutions, and scaling nationwide
Total Funding Raised: $151 million Latest Funding Date: Sep 09, 2025 Latest Known Valuation: $1.42 billion (₹10,600Cr) Employee Count: 2,027
Key Investors
- Wellington
- Details: Global asset management firm investing in high-growth companies
- Focus Areas: Logistics, transportation technology, and scalable marketplaces
- Kedaara
- Details: Private equity firm focusing on Indian growth companies
- Focus Areas: Logistics, supply chain tech, and operational efficiency
Where Is Porter’s Headquarters?
Porter is headquartered in Bengaluru, Karnataka, India, serving as the hub for logistics operations, fleet management, and technology development.
What’s Next for Porter?
Porter plans to expand its logistics network, enhance technology-driven delivery solutions, and scale operations across India. The company aims to improve customer experience, optimize supply chains, and increase efficiency for business and individual clients.
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