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Porter, an on-demand truck booking and hyperlocal logistics company, has raised over $200 million in a fresh funding round led by Kedaara Capital and Wellington Management. This latest round has pushed Porter's valuation to approximately $1.2 billion, marking a slight increase from its previous valuation and officially entering the unicorn club. Early investors Peak XV Partners and Kae Capital exited the company through secondary transactions valued between $140 million and $150 million. The funding round closure signals Porter's plans for expansion following its achievement of the billion-dollar valuation milestone.
📈📈#ICYMI || @porterit_ joins #unicorn club with $200 million funding round; valuation hits $1.2 billion Read more at: ⬇️⬇️ https://t.co/3Ali6UB6DH https://t.co/A9TtmqZhni
🚨🚨#JUSTIN || The #funding round was led by Kedaara Capital and Wellington Management, pushing its valuation to $1.1–$1.2 billion and entering the #unicorn club. 💵💵 @peakxvpartners and Kae Capital exited through #secondary transactions worth $140–$150 million. https://t.co/NmoTcT87QG
🚨🚨 @porterit_ closed the #funding round that saw early #investors @peakxvpartners and @KaeCapital exit from the company. Read more ⬇️ https://t.co/kiyUTOnLFx https://t.co/x9GUOgO3bB
