Porter (company)
Indian logistics company
From Wikipedia, the free encyclopedia
SmartShift Logistics Solutions Pvt. Ltd., doing business as Porter, is an Indian on-demand intra-city logistics company headquartered in Bengaluru, Karnataka. As of 2026, Porter operates in 35 cities across India and has international operations in the United Arab Emirates[1] and Turkey.
| Type | Private |
|---|---|
| Industry | Logistics |
| Founded | 2014 |
| Founder | Vikas Choudhary, Uttam Digga, Pranav Goel |
| Headquarters | Bengaluru, India |
Area served | India, UAE, Turkey |
| Revenue | ₹4,306 crore |
| Website | https://porter.in/ |
History
Porter was founded in 2014[2][3] by Pranav Goel, Uttam Digga, and Vikas Choudhary. It started as an intra-city goods transport platform and has since expanded its service categories and geographic footprint.
It received its first seed investment of about $500,000 (INR 3 crore) from Kae Capital in April 2015. The following month, in June 2015, Porter received INR 35 crore ($5.5 million) in Series A financing from Sequoia Capital and Kae Capital along with angel investors such as Rajeev Chitrabhanu, Anupam Mittal, and Sandeep Tandon.[4]
In 2018, The Mahindra Group invested Rs 65 crore into Porter.[5] The company achieved Unicorn status in May 2024, after raising $200 million during the Series F round.[6][7][8][9]
Operations
Taking a page from Uber's ride hailing model,[10] Porter operates on an aggregator model. It connects individuals and businesses who need to transport goods with drivers of commercial vehicles,[11] such as mini trucks, tempos, and two-wheelers. The company also offers intercity couriers,[12] packers and movers, and enterprise logistics services.[13]
It also offers packing and relocation services for households under the Porter Packers and Movers brand. Following a revenue-sharing model, they charge up to 30% of the billed amount depending on location, with the remainder going to driver partners.[14]
Between FY20 and FY24, Porter's operating income rose tenfold, from INR 274 crore to INR 2,733.7 crore.
During FY25, the operating income for Porter stood at INR 4,306.2 crore, representing a 58% rise compared to the previous financial year. The company recorded profits during FY25 after recording losses in FY24, with the net consolidated profit rising to INR 55.2 crore from a loss of INR 95.7 crore during FY24. The EBITDA margin rose to 1.94%, whereas previously, it was -2.93%.[15]
Awards and Recognitions
Controversies
In February 2026, the company’s delivery executives, along with drivers from Uber, Rapido, and Ola, went on strike.[20][21][22] The nationwide strike, which was referred to as an “All India Breakdown,"[23] began on Feb 7, 2026. The drivers went offline for 6 hours and had several demands, including a government-notified base fare and a ban on private vehicles being used for commercial rides.
In November 2025, Porter announced that they will be laying off workers to "rationalise costs".[24] While initially the number of laid off employees was not communicated, it was reported later that 300-350 workers were affected by the same.[25][26][27]