Logistics startup Porter raises $200 million in Series F funding, valuation hits $1.2 billion
BENGALURU: Logistics startup Porter has raised $200 million in a Series F funding round led by Kedaara Capital and Wellington Management. The funding values the firm at about $1.2 billion. In its last fundraising round, the company entered the unicorn club.
The latest round included a mix of primary investment in the company and secondary exits to a few existing shareholders.
With this fresh capital, the company is set to expand operations across multiple cities, with the goal of reaching millions of MSMEs and enabling opportunities for over 1 million gig workers.
Uttam Digga, Co-Founder & CEO, Porter, said, 'Since our inception, we have been committed to making urban logistics more efficient, intelligent, and inclusive — supporting MSMEs, empowering gig workers, and strengthening the communities we serve."
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
4 days ago
- The Hindu
Six things an MBA students should know beyond curriculum and books
Every MBA student thinks they are becoming ready for the business world through case studies, class discussions, and those venerable Kotler and Porter reads. To be fair, they do, to a certain degree. The actual world, however, is not like a nicely wrapped Harvard case once you leave the cozy light of projector-lit classrooms. It's illogical, tech-heavy, chaotic, political, and incredibly human. But if you want to stroll into that last interview and leave the HR professional blinking with happy surprise, here's something you really need to know but weren't taught in B-school. 1) Real businesses are not polished case studies; they are incomplete stories. You have probably dissected a dozen renowned case studies during your MBA journey. The businesses in those situations are the exceptions, not the rule, as you might not be aware. The majority of real-world businesses aren't spectacular success stories; instead, they are constant battles with inconsistent data, changing objectives, and an excessive number of WhatsApp groups. Nearly 70% of company transformation initiatives fail, according to a 2023 McKinsey study, not because of bad strategy but rather because execution breaks down in the face of uncertainty. How to deal with this ambiguity—how to make judgments when stakeholders are contradicting one another on Zoom and half the information are missing—is something that isn't covered in class. The greatest MBAs are able to say, 'We don't know yet—but here's how we'll find out,' rather than memorizing quotes from models. 2) You have a logical spreadsheet. Humans aren't. Learning regression analysis and valuation models will take hours. Even so, your customer will pick the rival with the more ostentatious package and inferior product. Why? Because people prioritize their emotions over their rationality, and your financial model failed to take Instagram advertisements, nostalgia, and ego into consideration. Irrational Labs data shows that emotion, context, or cognitive bias account for more than 65% of customer decisions. You must start studying human psychology and move beyond market sizing. This isn't limited to consumers. Your vendor, your supervisor, and your investor are all motivated by stories rather than just statistics. Behavioural economics isn't just a catchphrase; it's your best friend when it comes to figuring out why the client's cat-loving CFO could reject your million-dollar presentation. 3) Culture is the operating system with the power to destroy your best plans. Yes, strategy is cool. However, culture determines its success or failure. Consider presenting a daring innovation agenda to a group of people who think that 'doing things differently' entails using Calibri rather than Times New Roman. Less than one in five CEOs feel they have created the proper culture, despite 82% of them believing it is a competitive advantage, according to the Deloitte Human Capital Trends study. That's your hint. In addition to being prepared to spot possibilities, an MBA must also be able to spot cultural landmines. Consider this: How are choices actually made here? Which actions are rewarded or penalized? What is understood but not spoken? You won't just lead teams—you'll change them if you can analyze culture with the same level of accuracy that you apply to balance sheets. 4) A freelance jungle gym has replaced the corporate ladder. After earning your MBA, you're undoubtedly daydreaming about your dream job—a title, a team, and a workstation with good lighting. The catch is that modern occupations resemble jungle gyms rather than ladders. You move industries, take on gigs, climb sideways, and occasionally hang upside down for a while. According to the NITI Aayog, the gig economy in India is expanding at a 17% CAGR. Nearly one-third of professionals worldwide now hold freelance or project-based jobs. Therefore, you will require more than simply leadership and analysis skills. Agility, self-branding, and the capacity to work with strangers across time zones on Slack are all necessary. Learn how to lead projects if your MBA taught you how to oversee departments. Because influence, not headcount, will be the key to leadership in the upcoming ten years. 5) A tool isn't technology. It is the New Business Language. You may be tempted to claim that technology isn't your thing. However, in the modern world of finance, that is the equivalent of declaring, 'I don't do math.' According to a 2023 World Economic Forum survey, 'technological literacy' is ranked second only to analytical thinking as the most important talents for the workforce of the future. And no, understanding Python alone isn't enough. It's important to comprehend how automation changes workflows, how APIs facilitate integration, how data flows impact return on investment in marketing, and how ChatGPT and other AI are stealthily consuming a lot of entry-level manual labour. If not tech-fluent, the MBA of 2025 must be tech-comfortable. Making friends with product managers, understanding how to ask the correct questions in tech meetings, and monitoring how analytics dashboards and no-code tools are changing decision-making at all levels are all part of it. 6) Your reputation is more important than your resume. Lastly, and perhaps most importantly, understand that while your résumé helps you get in the door, your reputation determines whether you are allowed to stay. In order to assess applicants, recruiters are depending more and more on unofficial sources, such as recommendations, social media footprints, and referrals. According to LinkedIn's own data, candidates who are hired through referrals have a fourfold higher retention rate and perform better throughout their first year on the job. What makes you stand out in a world where everyone has an MBA is how others view your dependability, honesty, and teamwork. You don't have to start doing live performances now. It entails being there in every discussion, on group projects, and during internships. Create a reputation for being someone who 'gets things done, and done well' by quietly building trust. Because your reputation will eventually become your most valuable asset. Be the MBA that you weren't prepared for by the MBA. Methodologies, models, and frameworks are taught in B-schools. The true test, however, starts when you enter a business where half of the staff is passive-aggressively opposing change, the client is upset, and the numbers don't add up. The rising MBAs are not only intelligent, but also perceptive. With emotional intelligence, tech fluency, cultural sensitivity, and strategic curiosity, they embody business reality rather than only quoting business theory. So feel free. Surprise your recruiter by describing why ambiguity is a strength rather than a weakness, without quoting Michael Porter. In this way, you become the candidate that everyone remembers.
Time of India
30-05-2025
- Time of India
PE-VC investments in May CY2025 hit hard, down to $1.5bn
Chennai: Private equity-venture capital (PE-VC) investments in May witnessed a sharp fall. It fell 48% over April (CY2025) at $2.9 billion and plunged by $2.3 billion when compared with May last year (CY2024) at $3.8 billion. The investments as on May 30, 2025, exclude those from the real estate sector. 'Buyouts have been a key driver of the value of PE investments in recent years. Even in the first quarter of 2025, global PE firms like KKR and TPG, as well as home grown firms like Multiples PE and Everstone have executed significant such control transactions. The pace of large buyout announcements have significantly slowed down in the last couple of months - contributing to the decline in PE investment value,' Arun Natarajan, founder, Venture Intelligence told TOI. Assuming the global economic turbulence settles down, we can expect more confident bets by both Indian and international investors, he added. In May, Porter, an on-demand logistics platform, raising $200 million in a Series F round led by Kedaara Capital and Wellington Management topped the PE-VC investments. It was followed by private equity fund Norwest announcing that it has led a Rs 1,465-crore investment in the non-bank lender IKF Finance. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dermatologista recomenda: simples truque elimina o fungo facilmente Acabe com o Fungo Undo Growth in the PE-VC investment sector was also flat during the Jan-May period of CY2025 at $13.5 billion against $13.2 billion during the corresponding period last year, data released by research firm Venture Intelligence on Friday showed. It was dominated by institutional investments in late stage companies that are more than 10 years old at $3.9 billion. Apart from global macro uncertainty, factors including shift in investors sentiment, who are being more cautious with capital deployment influenced investments, according to analysts. Ashutosh Kumar Jha- general partner at Expert Dojo, a US-based startup accelerator and VC firm said, many VC and PE funds have shifted their focus from volume to value. 'These dips aren't always bad news. Sometimes, they just mean investors are thinking harder about where to place their bets.' Noting that dominance of late-stage deals indicate that investors are doubling down on companies that have proven business models and closer to profitability or IPOs, he said, 'Growth looks flat, but this phase could be laying the groundwork for a healthier and more disciplined investment cycle in the second half of the year,' he added. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
30-05-2025
- Time of India
ETtech Deals Digest: Startups raise $1.06 billion in May, up 12% on-year
Startups raised about $1.06 billion in funding between May 1 and 30, marking a 12% increase from the same period last year, when they had raised a total of $950 million across 189 rounds. This month, startups, primarily in the early and late stages, secured funding through 79 rounds, according to data from market intelligence platform Tracxn. ETtech In April 2025, startups raised around $1.02 billion from 104 rounds. Last week—from May 24 to May 30—startups raised around $147.7 million. ETtech Top deals of the month Live Events PB Healthcare Services : PB Fintech's affiliate, PB Healthcare Services, raised $218 million in its first major equity infusion. The round was led by US-based venture capital (VC) firm General Catalyst, with participation from PB Fintech and another institutional investor. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories ETtech Porter : On-demand logistics platform Porter raised $200 million in a funding round led by private equity (PE) firms Kedaara Capital and Wellington Management. The round, comprising both primary and secondary transactions, propelled Porter into the unicorn club with a valuation of between $1.1 billion and $1.2 billion. Euler Motors: The electric commercial vehicle manufacturer raised around $75 million in a round led by Hero MotoCorp. British International Investment (BII), the UK government's development finance institution, also participated. ETtech Citykart : Value fashion retailer Citykart raised around $63 million in a funding round comprising both primary and secondary transactions, with participation from TPG NewQuest and A91 Partners. Routematic: Corporate transport solutions platform Routematic raised $40 million in a Series C funding round led by Fullerton Carbon Action Fund and Shift4Good.
