Porter has achieved unicorn status with $200 million in Series F funding, led by Kedaara Capital and Wellington Management, reinforcing India's position as a major player in the global logistics sector.

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Porter, a logistics and intra-city transportation platform based in Mumbai, has successfully achieved unicorn status after securing $200 million in its Series F funding round. The investment, which was spearheaded by Kedaara Capital and Wellington Management, saw participation from existing investors, bringing Porter's valuation to over $1 billion. Founded in 2014 by Pranav Goel, Uttam Digga, and Vikas Choudhary, Porter specializes in providing last-mile and freight transportation services to SMEs and enterprises across more than 25 cities in India.

This milestone not only marks Porter as the second Indian unicorn of 2025—but also reinforces its significance in India's vibrant startup ecosystem, contributing to the nation’s status as the second-largest unicorn hub in the world.

Industry Overview in India

The Indian startup landscape has seen remarkable growth in recent years, with over 140 unicorns valued at a combined $220 billion. The logistics sector, in particular, is experiencing a renaissance, driven by in