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Logistics startup Porter nears $100m deal as it expands
Private equity firms are exploring a US$100 million investment in Porter, a logistics service startup based in Bengaluru.
The potential funding round could value the company between US$1.1 billion and US$1.2 billion, according to sources familiar with the deal.
The funding is expected to involve both primary and secondary share sales.
Porter aims to double its operations in India, currently active in 22 cities, and widen its reach internationally, beyond Dubai.
Recent Porter developments
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16-May-2024 📦 Tiger Global-backed Porter becomes a unicorn following secondary share sale
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03-Nov-2017 📦 Ex-VP of Alibaba Porter Erisman on clash of ecommerce models in Asia, costly mistakes
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25-Jun-2015 📦 As Porter builds truck driver network across India, it bags funding from Sequoia Capital
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24-Jun-2015 📈 I’m Porter Erisman, a former Alibaba Vice-President & author of ‘Alibaba’s World’. AMA!
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29-Feb-2012 🇨🇳 Net-A-Porter Brings The Outnet to China With Local Luxury E-Commerce Acquisition
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