Mumbai-based online logistics startup, The Porter, through which one can book trucks and tempos has raised INR 3 Cr. from Kae Capital.
Founded in 2014 by 3 IIT graduates Pranav Goel, Uttam Digga and Vikas Choudhary, The Porter’s mobile app allows users to hire vehicles for relocation or to move perishables, ecommerce deliveries and even construction supplies.
The Porter plans to use the funds for expansion of its truck fleet in Mumbai, and will further expand business in Delhi and Bengaluru within 2-3 months. The company currently has a fleet of 100 trucks in Mumbai.
The company will also be spending on expanding its team size which currently consists of 40 people.
“Like Uber and Ola have organised the taxi industry, we are doing the same thing for intracity goods movement with mainly LCVs (light commercial vehicles) and omni vans” said Goel, who is expecting to raise another series-A funding of INR 30-40 Cr. in the coming six months.