Logistics startup Porter posted a net profit of ₹229 crore in the financial year ended March 31, 2026, a 314% increase from ₹55.3 crore a year earlier, driven by a 54% rise in operating revenue to ₹6,650 crore, according to inc42.com. Including other income of ₹48.4 crore, the company’s total revenue stood at ₹6,698 crore for FY26.
Founded in 2014 by Pranav Goel and Uttam Digga, Porter offers B2C and B2B logistics services such as goods transportation, packers and movers, and intercity courier services. The startup’s core business generated ₹6,644 crore in operating income, with platform fees contributing ₹5.2 crore. Porter serves over 30 lakh customers monthly, including 20 lakh MSMEs and 3 lakh driver-partners across 35 Indian cities.
Porter joined the unicorn club in May 2025 after raising $200 million in a funding round led by Kedaara Capital and Wellington Management, which valued the company between $1.1 billion and $1.2 billion. The startup operates on a revenue-sharing model, charging up to 30% of billed amounts depending on location, with the remainder paid to driver partners. It plans to expand coverage to India’s top 50 cities by 2030 and increase its SME customer base to 1 crore.
Porter’s FY26 financial results underscore its rapid growth in India’s logistics sector, with the company aiming to scale operations and customer reach significantly in the coming years. The startup’s next milestone includes expanding its presence beyond 35 cities and increasing its MSME clientele to 10 million.