Porter joins unicorn club with $200 million funding round; valuation hits $1.2 billion

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On-demand logistics platform Porter has raised $200 million in a funding round led by private equity firms Kedaara Capital and Wellington Management. The financing, comprising both primary and secondary transactions, has propelled Porter to the unicorn club with a valuation between $1.1-$1.2 billion, according to people familiar with the matter.The round also saw the exit of early investors Peak XV Partners and Kae Capital.

Existing investor Vitruvian Partners also participated in the round. Of the total amount, around $140-150 million was in…



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Porter joins unicorn club with $200 million funding round; valuation hits $1.2 billion


On-demand logistics platform Porter has raised $200 million in a funding round led by private equity firms Kedaara Capital and Wellington Management. The financing, comprising both primary and secondary transactions, has propelled Porter to the unicorn club with a valuation between $1.1-$1.2 billion, according to people familiar with the matter.The round also saw the exit of early investors Peak XV Partners and Kae Capital.

Existing investor Vitruvian Partners also participated in the round. Of the total amount, around $140-150 million was in…



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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