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Indian logistics startup Porter launches in Dubai

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.

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