Porter, the on-demand logistics startup, has reportedly become India’s newest unicorn after raising $200 million (approximately 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 both primary capital and secondary share sales from select existing shareholders. Though Porter has not publicly confirmed its latest valuation, media reports suggest it now stands between $1.1 billion and $1.2 billion.
Founded in 2014 by IIT graduates Pranav Goel, Uttam Digga, and Vikas Choudhary, Porter provides intra-city logistics services including on-demand trucking, packers and movers, and enterprise logistics. The startup’s platform connects businesses and individuals to a wide fleet of vehicles for quick and efficient goods transport.
With this development, Porter becomes the third Indian startup to enter the unicorn club in 2025, joining the likes of Netradyne and Juspay.
Anant Gupta, Partner and Ashutosh Sardesai, Director at Kedaara Capital, said, “ In a largely unorganized and underserved market, Porter has built a tech-first, asset-light platform that delivers seamless, reliable logistics solutions at scale. Their strong execution, deep market understanding, and unwavering focus on customer and partner experience have created significant network advantages. We look forward to supporting Uttam, Pranav, and the entire Porter team as they continue to drive innovation, empower driver-partners, and expand their leadership across India’s intra-city logistics ecosystem.”
