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Logistics startup Porter turns unicorn
short by Pragya Swastik / on 16 May 2024,Thursday
Tiger Global-backed logistics startup Porter has become a unicorn after completing a fresh friends and family round, Moneycontrol reported. Individuals bought shares from the employee stock ownership plan (ESOP) pool at a valuation of $1 billion. Porter is the third Indian startup to turn unicorn this year after Ola's Bhavish Aggarwal's AI startup Krutrim and B2B SaaS fintech company Perfios.
short by Pragya Swastik / 10:49 am on 16 May
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