The company will leverage this capital infusion to consolidate its position, focus on acquiring talent and expand operations to enter the top 35 cities of India by 2023, further strengthening its position as a leader in the logistics market."We are excited to welcome the two marquee global funds with a great track record of backing enduring businesses the world over. The company now has a presence in over 13 cities across India with more than 50 lakh customers and 2 lakh+ owner-drivers on board. Currently, the company has serviced over 50 lakh customers across 13 cities in India. “In a challenging market, Porter has developed excellent repeat driver and customer cohorts, demonstrating the platform’s unique value. Porter is also one of the only logistics models that is 100% asset-light and has a negative working capital cycle. Founded in 2014, Porter is now India's largest intra-city logistics Marketplace.