.
MergerLinks Header Logo

Announced

Completed

Tiger Global and Vitruvian led a $100m Series E funding round in Porter.

Financials

Edit Data
Transaction Value£72m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

Edit

Tags

Edit

Minority

Private

Friendly

Private Equity

Acquisition

logistics

India

Completed

Cross Border

Delivery Services

Single Bidder

Synopsis

Edit

Tiger Global, an investment company, and Vitruvian, a private equity firm, led a $100m Series E funding round in Porter, a logistics company. Additional investors include Sequoia Capital India and Lightrock India. "We are excited to welcome the two marquee global funds with a great track record of backing enduring businesses the world over. This funding round, in the current economic scenario, is a testament to the execution of the entire Porter team. The idea behind Porter was to solve the existing market gap between demand and supply by creating a tech-enabled liquid marketplace to drive better vehicle utilisation and service levels for our users, ” Pranav Goel, Porter CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US