The intra-city logistics provider, which counts Mahindra & Mahindra as an investor, raised series E funding to consolidate its market position and expand across India.
Porter, an India-based on-demand logistics provider backed by conglomerate Mahindra & Mahindra, has collected Rs 7.5bn ($100m) in a series E round co-led by Tiger Global Management and Vitruvian Partners.
Sequoia Capital India and Lightrock India also took part in the round while IndigoEdge was financial adviser for Porter.
Founded in 2014, Porter provides on-demand delivery services through a network of mini-truck drivers across 13 Indian cities, allowing clients to contact their courier and track the location of their goods…
