Porter crosses Rs 1,753 Cr revenue in FY23, losses surge 43%

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On-demand intra-city logistic company Porter grew at a rapid clip with over two-fold growth during FY23. However, the Tiger Global-backed company posted a loss of Rs 175 crore during the previous fiscal year ending March 2023. Porter’s revenue from operations surged 2.06X to Rs 1,753.8 crore during FY23 from Rs 848 crore during FY22, according …

The post Porter crosses Rs 1,753 Cr revenue in FY23, losses surge 43% appeared first on Entrackr.

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Sarthak Luthra
Sarthak Luthra
Hey, there! I am the tech guy. I get things running around here and I post sometimes. ~ naam toh suna hi hoga, ab kaam bhi dekhlo :-)

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Porter crosses Rs 1,753 Cr revenue in FY23, losses surge 43%

On-demand intra-city logistic company Porter grew at a rapid clip with over two-fold growth during FY23. However, the Tiger Global-backed company posted a loss of Rs 175 crore during the previous fiscal year ending March 2023. Porter’s revenue from operations surged 2.06X to Rs 1,753.8 crore during FY23 from Rs 848 crore during FY22, according …

The post Porter crosses Rs 1,753 Cr revenue in FY23, losses surge 43% appeared first on Entrackr.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Sarthak Luthra
Sarthak Luthra
Hey, there! I am the tech guy. I get things running around here and I post sometimes. ~ naam toh suna hi hoga, ab kaam bhi dekhlo :-)

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