Private equity companies are looking to invest $100 million in new-age intra-city logistics services provider Porter, in a deal that will value the decade-old startup at $1.1-$1.2 billion, two people with knowledge of the development said. The Benagaluru-based company has got terms sheets from investors including Kedaara Capital, Multiples and Peak XV, the first person cited earlier said, adding that …
Porter, a logistics startup, is looking to double its domestic geographical presence in the next 3-4 years, with a focus on smaller cities. The company is currently present in about 22 cities, including 7-8 metro cities, and plans to expand to nearly 40 cities in the coming years. Porter is also exploring expansion into international markets, with initial efforts in …
