Porter
Overview
Porter, founded in 2014 by Pranav Goel, Uttam Digga, and Vikas Choudhary, is a leading Indian logistics company specializing in intra-city transportation. Based in Mumbai, India, Porter has revolutionized urban logistics with its tech-driven, asset-light platform. By providing a range of services from on-demand trucking to enterprise logistics and packers and movers services, Porter has significantly improved last-mile delivery for businesses. In 2025, the company entered the unicorn club after raising $200 million in a Series F round, with a valuation exceeding $1 billion.
Recent Developments
- September 2025: Porter raised an additional $110 million in an extended Series F round to expand its two-wheeler logistics service, amidst competition from Rapido and Uber.
- May 2025: The company secured $200 million in a Series F funding round led by Kedaara Capital and Wellington Management, marking its entry into the unicorn club. The funds are aimed at expanding operations, enhancing technology, and building a sustainable logistics network.
- FY25 Financial Performance: Porter reported a revenue surge to ₹4,300 crore, marking a 57% growth and turning profitable with a net profit of ₹54 crore attributed to operational efficiency and strategic cost-cutting.
- Expansion Plans: Porter plans to deepen its reach into Tier 2 and Tier 3 cities, enhance AI capabilities in logistics optimization, strengthen its EV fleet for sustainable deliveries, and explore strategic acquisitions.
- Operations Milestones: By 2025, Porter extended its operations to over 25 cities in India, serving more than 30 lakh customers and engaging about 3 lakh gig workers monthly.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2014 |
| Headquarters | Mumbai, India |
| Founders | Pranav Goel, Uttam Digga, Vikas Choudhary |
| Revenue | ₹4,300 crore (FY25) |
| Profits | ₹54 crore (FY25) |
| Key Investors | Kedaara Capital, Wellington Management, Sequoia Capital India, Tiger Global |
| Industry | Logistics |
| Number of Employees | 2,600 |
Early History
Porter was established in 2014 by IIT graduates Pranav Goel and Uttam Digga, later joined by tech expert Vikas Choudhary. Initially inspired by Uber's model for ride-sharing, the founders aimed at addressing inefficiencies in the logistics sector by providing on-demand truck services. Starting manually with Google Sheets and phone calls to manage operations, Porter's initial model quickly attracted attention, securing seed funding swiftly. Within a year, the company expanded to several cities and introduced technology-enabled services to enhance operational efficiency and customer satisfaction.
Company Profile and Achievements
Porter's business model focuses on creating an asset-light platform that offers logistics solutions through a network of on-demand vehicles. Major achievements include:
- 2015: Secured a $5.5 million Series A funding, which spurred its early expansion.
- 2018: Merged with Mahindra’s SmartShift, strengthening its platform and service range.
- 2020-2021: Despite pandemic-induced disruptions, Porter expanded its service offerings to include two-wheeler deliveries and packers and movers, amidst a surge in demand for logistic services.
- 2025: Achieved unicorn status with a valuation of over $1 billion. Porter's on-demand logistics solutions cater to both B2B and B2C markets, utilizing advanced algorithms for efficient route optimization and vehicle allocation.
Current Operations and Market Position
Currently, Porter dominates the intra-city logistics sector in India, active in over 25 cities, extending its market influence with technologies such as AI-driven logistics and digital tools for real-time delivery tracking. Its market share advantage stems from its scalable tech infrastructure and strong focus on optimizing logistics through innovation. Porter's agility in adopting electric vehicles for its fleet reflects its commitment to sustainability and reducing carbon footprints in logistics.
Conclusion
Porter has emerged as a transformative force in the Indian logistics landscape, leveraging technology to streamline last-mile delivery. The company's growth trajectory indicates strong potential for further expansion, both domestically and internationally. With strategic investments and a focus on sustainability, Porter's future initiatives are set to cement its leadership position in the logistics sector.