Team StartupCity

• Porter is close to raising $100-110 million in its latest funding round.
• Total funding for the round will reach $300-310 million, one of the largest in India this year.
• Existing investors like Vitruvian Partners and Elev8 are set to participate in the new round.

Bengaluru based logistics unicorn Porter is finalizing a $100-110 million investment from both new and existing investors. This will bring the total capital raised in the extended funding round to $300-310 million, making it one of the biggest venture backed deals in India this year.

Sources reveal that established investors such as London’s Vitruvian Partners, Elev8 Partners, and some Mumbai stock market investors are expected to increase their stakes in Porter during this funding round. About $250-260 million of the total will come from secondary share sales, while Porter itself will raise roughly $50 million as fresh capital.

Porter had previously raised $200 million in May 2025. That round, led by private equity firms Kedaara Capital and Wellington Management, valued the company at $1.2 billion. It included both primary investment and secondary share purchases.

Founded in 2014 by Pranav Goel, Uttam Digga, and Vikas Choudhary, Porter provides on demand light commercial vehicles for last mile delivery services. The company has also expanded its offerings to include intra-city two wheeler courier deliveries, diversifying its revenue sources.

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Since its launch, Porter has secured around $132 million in total funding. It is backed by prominent investors such as Peak XV, Tiger Global, Lightrock, and Kae Capital. In 2021, Porter raised Rs 750 crore in a Series E round led by Tiger Global and Vitruvian Partners, with participation from Sequoia Capital and Lightrock India.

This new funding round will help Porter strengthen its position in the logistics sector and accelerate its growth across India’s fast growing delivery market.