Porter raises $200 Mn led by Kedaara and Wellington Management

Logistics unicorn Porter raised 200millioninSeriesFfundingata1.2 billion valuation. The round was led by Kedaara Capital and Wellington Management. Porter will use the capital to expand its fleet, including electric vehicles, and enter 15 new cities. The company has achieved operational profitability in core markets with 70% YoY revenue growth. The funding highlights strong investor appetite for asset-light logistics models in India's $50 billion intra-city freight market.