E-logistics firm Porter to enter tier-II cities

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Chennai | Published: February 3, 2016 6:38:50 PM

As part of its expansion plans, online logistics firm The Porter is looking to foray into tier-II cities in the next six months.

As part of its expansion plans, online logistics firm The Porter is looking to foray into tier-II cities in the next six months.

The Mumbai-based company will utilise the USD 5.5 million fund it received from Sequoia Capital to expand business, Head Expansion at The Porter, Sadhanandhan N, said.

“Last year, we received funding of about USD 5.5 million from Sequoia (Capital) for expansion. Over the next six months we will be looking at expansion in tier-II cities like Coimbatore, Pune,” he told PTI after launching its services here.

Chennai is the fifth launch pad for the company after serving customers in New Delhi, Mumbai, Hyderabad, Bengaluru.

In Chennai, the company has roped in 200 vehicles targeting 400 trips per day, he said.

The minimum charge for a Tata Ace vehicle will be Rs 250 for two km and Rs 18 will be charged per hour for transporting goods within Chennai, he added.

The firm has about 200 employees and around 800 vehicles connected to its platform.

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