Author name: Vishal Chitlangya

Vishal is a Chartered Accountant and has worked with PwC (Mumbai office) in Corporate and International Tax Department for 3 years. Recently, Vishal has secured admission at IIM Bangalore for MBA programme (2020-22). Finance, Economy and Geo-politics interests him.

Porter: Turning the Trucks to the right direction

Porter is an intra-city trucking startup aimed at reinventing and strengthening the logistics facilities within a city. As of 2020, it manages a network of 70,000+ drivers and 1Mn+ customers and has clocked more than 10Mn+ trips. Till now, Porter has raised $32Mn from a clutch of institutional investors – Kae Capital, Sequoia Capital and LGT Lightstone Aspada, M&M and Innoven Capital at a valuation of $120Mn. Within 5 years, Porter has grown tremendously with annual revenue of $35k in 2015 to $60 Mn in 2020 with an annualized growth rate of more than 300% between 2015 and 2020. Read the entire article to learn more about them.