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

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.