Porter, the Bengaluru-based on-demand intra-city logistics platform, has turned profitable in FY25 while clocking nearly ₹4,300 crore in operational revenue, marking a significant milestone in its growth journey, according to documents reviewed and insights from industry sources.
Following a 56% year-on-year growth in FY24, the company delivered another robust performance in FY25 with close to 50% growth, underscoring its operational efficiency and expanding footprint.
Porter’s revenue surged from ₹2,734 crore in FY24 to ₹4,300 crore in FY25, driven primarily by its goods transportation services, which contributed over 99% of operating revenue. The remaining revenue came from platform fees and other operating activities.
The startup, which serves micro, small, and medium enterprises (MSMEs), has expanded operations to over 20 cities across India, offering businesses a full-stack logistics platform to streamline their last-mile delivery needs.
Sources revealed that Porter has also managed to bring its costs under control, posting a profit after tax (PAT) of ₹54 crore in FY25. This follows a sharp 45% reduction in losses during FY24, when the company narrowed its deficit to ₹95.7 crore.
Backed by Strong Investor Confidence
Porter has raised more than $332 million to date. Its most recent Series F round in May 2025 saw it raise $200 million, led by Kedaara Capital and Wellington Management. Previously, the firm secured $100 million in 2021, backed by Tiger Global.
Following its unicorn round, Porter also facilitated a notable exit for early investor Peak XV Partners, which reportedly generated over ₹1,200 crore in returns from an initial investment of ₹116 crore.
Growing in a Competitive Market
While Porter initially operated with minimal competition from venture-backed rivals, the intra-city logistics landscape is evolving. Companies like Uber, Delhivery, and Rapido (in the two-wheeler category) are now making inroads into the space. Despite the growing competition, Porter’s profitability and sustained growth reflect strong fundamentals and market leadership.
As it enters FY26, Porter is well-positioned to consolidate its presence and expand its offerings, reinforcing its role as a critical enabler in India’s fast-growing logistics ecosystem.
