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

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

- Plans to invest USD 50 million for international expansion in the next 5 years

Dubai: 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 subcontinents. 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 USD 100 Million in Series E funding for expanding operations.

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 3 years. Additionally, the company is looking to bolster operations in these cities and further increase their customer acquisition by 2x to 40,000+ and vehicle base by 3.2x to 800+ by March 2024.

Porter offers cost-effective solutions that can help in improving lower vehicle utilisation, increasing the competence of the system, and