Porter Secures $200 Million in Series F Investment Led by Kedaara and Wellington

Porter, a leading intra-city logistics startup in India, has successfully secured $200 million in a Series F funding round, co-led by Kedaara Capital and Wellington Management, with participation from existing investor Vitruvian Partners. This funding values the Bengaluru-based company at approximately $1.2 billion, doubling its previous valuation. Founded in 2014, Porter has established itself in the fragmented transport sector by offering services such as on-demand trucking and enterprise logistics. The new capital will be used to scale operations, enhance technology, and expand the workforce, all aimed at creating a sustainable logistics network that aligns with India’s decarbonization goals. Co-founder and CEO Uttam Digga expressed excitement about teaming up with strategic investors, while Kedaara Capital representatives hailed Porter as the “undisputed leader” in its field, highlighting its scalable, tech-driven model amid rising demand for last-mile services.

Porter Secures $200 Million in Series F Investment Led by Kedaara and Wellington

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