Porter announces first-ever international expansion with its foray into UAE

Porter announces first-ever international expansion with its foray into UAE

UAE - Porter, India’s leading tech-based, on-demand logistics company has announced its first overseas expansion with entry to UAE offering intra-city logistics services in Dubai. The expansion comes under the company’s current plan to explore the GCC regions, and the Indian subcontinent.

The logistics start-up, which is backed by some of the most renowned and active venture capital investors including Tiger Global, Sequoia and Lighrock India had earlier raised $100 million in Series E funding for expanding operations.

The company’s revenues more than doubled from Rs8.62 billion (Dh384 million) in 2021-22 to Rs18 billion in 2022-23.

The company will provide a tech-enabled platform to ensure hassle-free deliveries through its LCVs and 2-wheelers addressing the gap in intracity logistics requirements in the region for small package delivery requirements of both personal and businesses. Presently with more than 20,000 customers onboard, Porter plans to make an investment of $6 million in UAE for the next three years. Additionally, the company is looking to bolster operations in these cities and further double their customer acquisition by 40,000 and increase vehicle base 3.2 times more than to 800 by March 2024.

Pranav Goel, CEO & Co-Founder, Porter said: “Dubai being a global business hub, acts as an excellent