Bengaluru-based on-demand logistics platform Porter has raised $200 million through a Series F fundraise, led by Kedaara Capital and Wellington Management. Following the completion of this round, Porter has attained unicorn status, with a valuation estimated between $1.1 billion and $1.2 billion.

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Legal Advisory and Deal Teams

Khaitan & Co — Legal Counsel to Kedaara Capital

Khaitan & Co advised Kedaara Capital on its investment in Porter as part of the Series F fundraise. The Firm also assisted Kedaara in securing unconditional approval from the Competition Commission of India (CCI) in connection with the transaction.

Transaction Team:

• Anisha Chand, Partner

• Alisha Mehra, Principal Associate

• Rishabh Vohra, Senior Associate

• Ritika Ghosh, Associate

Anagram Partners — Legal Counsel to Wellington Management

Anagram Partners advised Wellington Management on its participation in the Series F fundraise.

Transaction Team:

• Simone Reis, Partner

• Shwetank Chaubey, Principal Associate

• Sarthak Parnami, Principal Associate

• Rishabh Chhabaria, Associate

• Sakshi Agarwal, Associate

• Vaidehi Joshi, Associate

Why This Transaction Matters

Porter’s $200 million Series F round marks a significant milestone in India’s logistics and mobility ecosystem, reinforcing investor confidence in tech-enabled intra-city delivery platforms. The fundraise strengthens Porter’s balance sheet and positions the company for its next phase of growth as a newly minted unicorn in a highly competitive logistics market.

About Porter

Founded in 2014, Porter operates a technology-enabled intra-city logistics and goods transport platform, connecting businesses and individuals with on-demand trucks, two-wheelers, tempos and enterprise logistics solutions. The company focuses on simplifying urban deliveries through a scalable digital marketplace model.

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Disclaimer

This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions