Porter

Porter

An end-to-end logistics platform designed to help businesses optimize their last-mile delivery operations. Learn more

Financials

Estimates*

Edit
Revenues, earnings & profits over time
USD2018
Revenues46.5m
  • Edit
DateInvestorsAmountRound
-

N/A

-

$5.5m

Series A
N/A

N/A

Series B

$7.7m

Series C

N/A

-
*

$18.4m

Series D
*

$100m

Valuation: $250m

Series E
*
N/A

N/A

Valuation: $1.0b

Secondary
Total Funding€120m

Recent News about Porter

Edit
More about Porter
Edit

Porter.in is an innovative logistics company that operates in the Indian market, providing seamless goods delivery services to a broad range of clients, including individuals and small to medium-sized enterprises (SMEs). The company has a strong presence in major Indian cities, including Delhi NCR, Bengaluru, Mumbai, Hyderabad, and Ahmedabad, among others.

Porter's business model is centered around an app-based platform that allows customers to book their orders for goods delivery. The company has successfully served over a million customers, offering a reliable alternative to traditional logistics providers. Porter's services are particularly appreciated by business owners who require regular shifting of goods, as it eliminates the need for bargaining with local drivers and ensures a consistent, high-quality service.

In addition to its core logistics services, Porter has recently expanded its offerings to include packers and movers services, as well as two-wheeler services in select cities. This expansion is part of the company's ongoing efforts to shape the logistics infrastructure and make customers' lives easier.

Porter generates revenue by charging customers for the delivery services it provides. The company's innovative approach to logistics has helped increase driver-owner revenues by 30%, while also enabling customers to save 20% on their logistics costs.

Recently, Porter raised ₹750 crore in a Series E funding round led by Tiger Global Management and Vitruvian Partners, valuing the startup at ₹3,750 crore. The company also announced a INR 50 Cr ESOP liquidation scheme for current and former employees, demonstrating its commitment to employee growth and well-being.

Keywords: Logistics, Goods Delivery, App-Based Platform, SMEs, Indian Market, Packers and Movers Services, Two-Wheeler Services, Series E Funding, Employee Stock Ownership Plan (ESOP), Customer Satisfaction.

Tech stack

Group
Tech stackLearn more about the technologies and tools that this company uses.