In a significant milestone for India’s startup ecosystem, Porter, the Mumbai-based logistics and intra-city transportation platform, has officially entered the coveted unicorn club after securing $200 million in its Series F funding round. The investment was led by Kedaara Capital and Wellington Management, with participation from existing investors.
This achievement makes Porter the second Indian unicorn of 2025, following Krutrim’s entry earlier this year. The company’s valuation has now crossed the $1 billion mark, reinforcing India’s position as the second-largest unicorn hub globally, behind only the US.
According to recent data, India now boasts over 140 unicorns, with a combined valuation surpassing $220 billion. The country has solidified its position as the second-largest unicorn creator worldwide, trailing only the US but ahead of China and the UK.
Porter’s rise as a unicorn highlights the growing investor confidence in asset-light logistics models and tech-driven supply chain solutions. The company, founded in 2014 by Pranav Goel, Uttam Digga, and Vikas Choudhary, has expanded to over 25 cities in India, serving SMEs and enterprises with efficient last-mile and freight transportation services.
With this funding, Porter plans to continue scaling its operations, enhancing its platform, and expanding its service offerings to cater to a growing customer base across India. The company's continued focus on technology innovation and operational excellence will play a key role in solidifying its position as a market leader in the logistics industry.
With fresh capital, Porter plans to:
Pranav Goel, Co-founder & CEO of Porter, stated:
“This funding validates our mission to revolutionize urban logistics in India. We are committed to leveraging technology to make freight movement seamless and cost-effective for businesses.”
Porter’s rise serves as a great example of the opportunities and potential for growth in the Indian market. We believe the logistics sector, driven by technology and innovation, will continue to attract significant investment, and we are excited to see Porter’s journey unfold as one of India’s most promising unicorns.
