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.
Also Read: Shadowfax Technologies Limited IPO: CAM, SAM, JSA and Linklaters advise on ₹1,907 crore public issue
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.
Also Read: Surya Hospitals secures investment from Novo Holdings – Argus Partners, Trilegal & AZB advise
For more legal deal updates and analysis, stay tuned to TheCourtroom.in
Disclaimer
This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions
