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Intracity logistics startup Porter raises INR 750 Cr; eyes expansion to 35+ cities

Shortpedia

Content Team
Image Credit: Inc42

Intracity logistics startup Porter has raised INR 750 Cr (approx $10 Mn) in its Series E funding round led by Tiger Global Management and Vitruvian Partners. The round also saw participation from existing investors Sequoia Capital India and Lightrock India. The startup plans to use the capital for acquiring talent and expanding operations to enter 35 cities of India by 2023.