On-demand delivery services marketplace Porter has attracted $18.2m from Lightstone Global Fund, coming after Mahindra & Mahindra invested $10m two years ago.
Porter, an India-based on-demand logistics provider backed by conglomerate Mahindra & Mahindra, has received Rs 1.4bn ($18.2m) of series D funding from impact investment platform Lightstone Global Fund, Inc42 has reported.
Founded in 2014, Porter provides on-demand delivery services through a network of mini-truck drivers, allowing clients to contact their courier through the platform and track the location of their goods in real time. It has facilitated more than 3.5 million orders to date.
Mahindra & Mahindra invested $10m in…
