On-demand logistics platform Porter has maintained its strong growth trajectory, recording nearly 50% revenue growth in FY25 while achieving profitability for the first time, according to a report by Entrackr.
The Bengaluru-based unicorn’s revenue from operations surged to Rs 4,300 crore in FY25, up from Rs 2,734 crore in FY24. The company reported a profit after tax (PAT) of Rs 54 crore in FY25, marking a turnaround from a loss of Rs 95.7 crore in the previous fiscal year.
The logistics platform primarily serves micro, small, and medium enterprises (MSMEs) and has expanded its presence to over 20 cities across India. The company generates 99% of its total operating revenue through goods transportation services, with the remainder coming from platform fees and other operating activities.
Porter has raised over $332 million till date, including a $200 million Series F round in May this year. The latest funding round was led by Kedaara Capital and Wellington Management, valuing the company at $1.2 billion.
While Porter initially operated with minimal competition from venture capital-funded players, the market dynamics have shifted recently. The company now faces competition from the likes of Uber, Delhivery, and Rapido (in the two-wheeler delivery category) who have also entered the intra-city logistics space.
Porter did not respond to queries till the time of going to to press.