Lightrock, a global investment platform focused on purpose-driven growth, announced that its Lightrock Growth Fund I (LGFI) has completed a partial realisation of its investment in Porter, India’s leading on-demand goods transport agency (GTA).
The US USD 900 million LGFI invests in growth-stage businesses across Europe, Latin America, and India, with a focus on three core themes- People, Planet, and Productivity.
Founded in 2014, Porter has played a pivotal role in transforming intra-city logistics for millions of micro, small, and medium enterprises (MSMEs) by addressing deep-rooted inefficiencies in the supply chain. Its tech-enabled marketplace has improved driver utilisation, reduced empty-leg trips, and streamlined fragmented demand and supply dynamics across India’s logistics sector.
Since Lightrock’s strategic investment in 2020, Porter has scaled operations across three countries and diversified its offerings to better serve evolving market needs. The continued collaboration between Lightrock and Porter is expected to strengthen the company’s focus on technological innovation, operational efficiency, and environmentally sustainable growth.
Samir Abhyankar, Partner and Head of India at Lightrock, said, “Lightrock has been delighted with the Porter team’s exceptional execution, deep understanding of the market, and strategic use of technology. Their work positively impacts over a million workers and countless MSMEs. We look forward to supporting their continued success with new partners.”
Lightrock said it remains committed to its long-term association with Porter, even as new investors come on board. The refreshed capital structure will enable Porter to further expand its market presence, strengthen its operational foundations, and continue delivering impact-driven logistics solutions in India and beyond. |
