Porter Company Market Research Report
Company Overview
Name
Porter
Mission of the Company
No information is available.
Foundation and Founders
- Founded: 2014
- Founders: No information is available.
Key People in the Company
- Pranav Goel, Co-Founder & CEO
- Uttam Digga, Co-Founder
- Vikas Choudhary, Co-Founder
Headquarters
Bangalore, India
Number of Employees
No information is available.
Revenue of the Company
No information is available.
Company Recognition
Porter is known for its tech-enabled logistics services which include intracity and intercity delivery solutions. The company also offers a variety of services such as house shifting, goods delivery, and API integrations for automated logistics.
Products
Categories Offered
- Two Wheelers
- Description: Instant delivery for goods up to 20 kgs.
- Key Features: Quick, within-city deliveries.
- Trucks
- Description: Hassle-free delivery solutions for goods up to 2500 kgs.
- Key Features: Suitable for larger goods transportation.
- Packers & Movers
- Description: Comprehensive house shifting services.
- Key Features: End-to-end shifting service.
- Courier Service
- Description: Guaranteed doorstep pickup and delivery service.
- Key Features: Reliable and efficient courier solutions.
- API Integrations
- Description: Automated logistics solutions through API integration.
- Key Features: Live tracking, delivery authentication, and real-time updates.
- Porter for Enterprise
- Description: Streamlining logistics for business growth.
- Key Features: Multi-city, multi-user access for businesses.
Recent Developments
New Products Launched
- Two-Wheeler Services
- Cities: Nagpur, Indore, Chandigarh, Vadodara
- Focus: Revamping last-mile delivery for individuals and SMEs.
New Features Added
- Advanced Cash Flow System
- Focus: Ensuring on-time payments for driver-partners to improve working capital.
- Real-Time Analytics and Modelling
- Focus: Enhancing the matchmaking process between driver-partners and users.
New Partnerships & Investments
- Series E Funding Round
- Amount Raised: ₹750 crore
- Led By: Tiger Global Management and Vitruvian Partners
- Valuation: ₹3,750 crore
- Employee Stock Ownership Plan (ESOP)
- Incentive: INR 50 Crore ESOP liquidation scheme for current and former employees.
Other Developments
- Campaigns:
- "House Shifting Hai? Ho Jayega": Highlighting packers and movers service offerings.
- Geographic Expansion: Currently operating in 20+ cities including Delhi NCR, Bengaluru, Mumbai, Hyderabad, Ahmedabad, Jaipur, Pune, Kolkata, Surat, Chennai, Coimbatore, Indore, Nagpur, Chandigarh, Lucknow, Vadodara, Ludhiana, Kochi, Nashik, and Kanpur.
- Platform Expansion:
- EV Fleet Introduction: Currently operates 500 electric vehicles across five cities with plans to expand to 20% of operational vehicles in the future.
- Technological Innovations:
- Implementing real-time analytics to streamline the logistics matchmaking process.
Notable Achievements
- Increase in Driver-Revenue: By 30% due to the tech-enabled marketplace ensuring better vehicle utilization.
- Cost-Efficiency for Customers: Helping customers save 20% on logistics costs.
Customer Feedback
- Highly positive reviews focusing on reliability, cost-effectiveness, and hassle-free service, especially for truck-based logistics and packers & movers.
Geographical Presence
Serving in 20+ major Indian cities and also operational in Dubai to handle all logistical needs.
Conclusion
Porter has established itself as a significant player in the logistics sector within India, leveraging technology to provide innovative and efficient service offerings. By continuously enhancing its product features and expanding its geographic presence, Porter aims to streamline logistics operations, ensuring increased driver revenue and customer satisfaction.