Peak XV Partners exits Porter with 11x return

Entrackr · 1d

Logistics company Porter has generated returns of over Rs 1,200 crore for Peak XV Partners, which recently exited its investment, according to a Mint report. According to the report, the exit marks an 11x return on Peak XV’s Rs 116 crore investment, made across multiple funding rounds over the past decade. The firm first invested in Porter during its Series A round in 2015. Last week, Porter announced that it had raised $200 million in a Series F round, which also included secondary share sales by select existing shareholders. In a response to Entrackr’s queries, a Peak XV spokesperson said, “Porter is a fantastic company and a clear category leader in local logistics. The company has grown tremendously since our Series A investment in 2015 and is now worth over a billion dollars. After a decade-long partnership with the team, we have exited our investment and express our heartfelt gratitude to the founding team — Uttam Digga, Pranav Goel, and Vikas Choudhary — for being wonderful partners.” However, the spokesperson declined to share specific details of the deal. Porter also did not provide a comment on the matter. According to startup data intelligence platform TheKredible, Peak XV held a 13.77% stake in Porter before the Series F round. Mahindra and Mahindra Limited was the largest external stakeholder, followed by Lightrock Growth Fund. Following its latest funding, Porter became the third unicorn of 2025, after Netradyne and Juspay, which reached unicorn status in January and April, respectively. For the fiscal year ending March 2024, Porter’s revenue from operations rose by 55.9% to Rs 2,733.8 crore. Despite increasing expenses, the company managed to reduce its losses by 45% to Rs 95.7 crore from Rs 174.6 crore in FY23. According to The Arc, Porter’s overall scale is projected to grow by 55% to Rs 4,300 crore in FY25. In addition to Porter, Peak XV has also partially or fully exited investments in companies such as Rebel Foods, Healthkart, Finova, K12 Techno, and Cloudnine Hospitals.