Porter In Talks To Raise $100 Mn In Fresh Funding: Report

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SUMMARY

Porter is reportedly in discussions with Wellington Management and others for a fresh funding round

The company is looking to raise capital in a mix of primary and secondary sale

The new round is also expected to boost Porter’s valuation between $1.2- 1.4 Bn

Hyperlocal logistics startup Porter is reportedly in discussions with private equity firm Wellington Management and others for a fresh funding round.

A Mint report, citing sources familiar with the matter, said that the company is looking to raise $100 Mn…



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Porter In Talks To Raise $100 Mn In Fresh Funding: Report


SUMMARY

Porter is reportedly in discussions with Wellington Management and others for a fresh funding round

The company is looking to raise capital in a mix of primary and secondary sale

The new round is also expected to boost Porter’s valuation between $1.2- 1.4 Bn

Hyperlocal logistics startup Porter is reportedly in discussions with private equity firm Wellington Management and others for a fresh funding round.

A Mint report, citing sources familiar with the matter, said that the company is looking to raise $100 Mn…



Source link

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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