Skip to content Skip to Search
Skip navigation

Indian logistics startup Porter launches in Dubai

By Pramod Kumar
Porter
Porter's current plan is to explore the GCC region and the Indian subcontinent for expansion

Porter, India’s on-demand logistics company, has ventured into the UAE to offer intra-city logistics services in Dubai.

The expansion is part of the current plan to explore the GCC region and the Indian subcontinent.

The logistics startup is backed by venture capital investors including Tiger Global, Sequoia and Lightrock India and earlier raised $100 million in series E funding for expanding operations.

Porter plans to make an investment of $6 million in UAE for the next three years. Additionally, the company is looking to bolster operations in these cities and further increase their customer acquisition twice to over 40,000 and vehicle base by more than 800 by March 2024.

The startup currently has over 300  light commercial vehicles on the platform and recently introduced 15 two-wheelers to expand its operations in the region.

Pranav Goel, CEO and co-founder, said the company plans to invest $50 million into international expansion over the next five years.

Latest articles

Migrants attempting to reach Italy from Tunisia. About 270,000 so-called irregular migrants arrived in the EU via sea crossings last year

EU reveals total aid to North Africa to combat migration 

The European Union provided €673 million ($718 million) in funding to four North African countries from 2021-23 to help the quartet reduce what it calls irregular migration to the 27-member bloc, official data shows. Last year about 270,000 “irregular migrants” arrived in the EU via sea crossings, 64 percent more than in 2022. Crossings from […]

The SPA report highlighted a number of metrics as being on target, including home ownership of 53.7 percent

Third of Vision 2030 projects ‘completed’ government says

One third of 1,064 planned projects have been completed so far under the Vision 2030 economic transformation plan, the Saudi government said in its annual progress report on the reform programme.   The report also said 561 initiatives were on track, according to the state-owned Saudi Press Agency, publishing its major findings. It was not […]

Tawfik Alzaidi

Saudi director’s labour of love takes the kingdom to Cannes

For the first time a Saudi film has been selected to compete in the Cannes film festival, catapulting its little-known self-taught director into the limelight. Tawfik Alzaidi was so surprised that he’d managed to break through to the big time that he kept the news that his film Norah had been accepted for the ‘Un […]

Joby Aviation's CEO JoeBen Bevirt (2nd left) at the signing of a multilateral agreement with the three Abu Dhabi government departments

Abu Dhabi signs multiple deals to launch air taxi services in 2025

A commute from Abu Dhabi to Dubai could take only 30 minutes next year, with the introduction of air taxi services significantly slashing travel time between the emirates. The electric aircraft manufacturer Joby Aviation signed agreements this week with Abu Dhabi’s Department of Municipalities and Transport, Department of Economic Development and Department of Culture and […]