This is Porter s second friends and family round in a span of about a year. In the January-March quarter of 2023, the company sold shares worth Rs 7-8 crore to friends and family at a valuation of $700 million.
Homegrown logistics services platform Porter has likely become the third unicorn (with valuation of $1 billion and above) in India this year after a fresh internal round.According to sources, the fresh round involved key individual investors .
India Sees Its Third Unicorn Of 2024 In Logistics Services Platform Porter menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Porter has doubled its valuation from the $500 million it commanded during its 2o21 fundraising, when it raised $100 million in a Series E funding round.
Porter turns unicorn in internal funding round financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.