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 region. The logistics start-up backed by renowned and active venture capital investors, including Tiger Global and Sequoia had earlier raised US$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 two-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.
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