Porter’s Financials, Revenue, Profit, Valuation & Shareholding Overview (2025)
Legal Name: Smartshift Logistics Solutions Private Limited | CIN: U74999MH2014PTC306120
Porter, co-founded by Uttam Digga and Pranav Goel, is a tech-driven logistics platform founded in 2014 in Bengaluru. The company specializes in intra-city logistics solutions, offering mini trucks, two-wheelers, and delivery services on demand. By leveraging technology for route optimization and fleet management, Porter has expanded rapidly across major Indian cities, catering to both businesses and individuals.
| Founding year | 2014 |
|---|---|
| Headquarters | Bengaluru, India |
| Valuation | ~$600M (2023) |
| Total Funding | $150M |
| Annual Revenue | ₹950 Cr (FY24) |
| Annual Net Loss | ₹90 Cr (FY24) |
| EBITDA Margin | -12% |
| Employees | ~1,200 |
| Round | Date | Amount | Investors |
|---|---|---|---|
| Series A | 2016 | $5M | Sequoia Capital |
| Series B | 2018 | $15M | Nexus Venture Partners |
| Series C | 2021 | $130M | Tiger Global, Lightrock, Sequoia |
- Expanding to new cities and hyperlocal delivery verticals.
- Enhancing technology stack for better operational efficiency.
- Increasing partnerships with enterprises for logistics services.
- Preparing for a potential IPO as financials strengthen.
Porter recently launched two-wheeler delivery services and announced expansion into new metro cities. The company is investing heavily in tech innovation and customer acquisition to drive growth.
| Metric | Detail |
|---|---|
| Revenue Growth | ▲ Reached ₹950 Cr in FY24 |
| Profitability | ▼ Net loss reduced to ₹90 Cr |
| Funding | ▲ $150M raised across 3 rounds |
| Efficiency | ▲ EBITDA margin improved to -12% |
| Valuation | ▲ $600M as of 2023 |
Porter’s rapid revenue growth, operational efficiency, and strong technology focus position it as a top player in India’s intra-city logistics segment. With ongoing expansion and strong investor support, the company is well-prepared for a potential IPO and future market leadership.
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This report is generated for informational purposes only and does not constitute investment advice.