Got to know it from a senior folk at porter, who is involved in acquisition discussion

Product Manager

Never believe in via via, my previous company had called an internal meeting to tell that the acquisition are rumours , 
  
 But later 2 months after i left it got acquired for some hefty million dollars 🫠

Software Developer

Corporate Strategist

The company itself is doing pretty well. Don’t think founders would be looking for any acquisitions.

Product Owner

Software Engineer

Unsurprising even if true, given that now they also own rivigo might be just a consolidation move.

Backend Engineer

Wasn't it already merged long back with them long back?

https://inc42.com/buzz/mahindra-porter-smartshift/amp/

Senior Product Manager

Founder

Lawyer

Heard porter is getting acquired by Mahindra logistics. Anyone else heard this news?

Welcome to Indian Startups's Private Community

Heard porter is getting acquired by Mahindra logistics.
Anyone else heard this news?

Porter is getting aquired

Porter is getting aquired- Grapevine

Welcome to News Discussion's Private Community

- Porter, an on-demand intra-city logistics company, saw its revenue spike 56% in FY24, crossing Rs 2,700 crore.
- The company managed to cut its losses by 45%, bringing them under Rs 100 crore.
- Fleet operator costs formed 82.8% of total expenses, growing 50% to Rs 2,369 crore.
- Employee benefits expenses rose 24.3% to Rs 237.36 crore, including Rs 6.69 crore in ESOP expenses.
- Despite rising expenses, Porter improved its EBITDA margin by 638 BPS to -2.89% and reduced operating cash outflows by 48.5%. 

 Source: [Entrackr](https://entrackr.com/2024/09/porter-reports-rs-2734-cr-revenue-in-fy24-losses-dip-45/)

Porter Reports Rs 2,734 Cr Revenue in FY24; Losses Dip 45%

Journalist

Will Porter get listed ? 😅by when and at what valuation ?

Porter listing

Guys, do you think Porter shall ever be listed ? Will people make money with their ESOPs?

VC here. Doing this for fun.
Don't take all views seriously.

Comment a startup's name, I'll share if it's promising or whatever I know

Analyst

After krutrim, perfios, Porter is the 3rd startup which has turned unicorn 🦄 

It has solved some problem for sure unlike krutrim 

I remember, when I moved to blr...it was a life saviour.

Such startups deserve to be an unicorn 🦄

3rd Unicorn 🦄 of 2024

Porter is actually amazing. I use them at least once a month and they’re so on point  
  
 One of the guys who made Grapevine is ex-Porter 🫡

Senior Consultant

Should I join Rapido or Porter?

Let’s create a list of best startups in terms of tech and its product future possibilities.

India’s Best Startups In Terms Of Tech And Future Product Growth

Trucking Industry is disorganised good opportunity for a disruption... Any good business coming up?

Sales

Welcome to Software Engineers's Private Community

How is the work culture and work life balance at Porter

About porter

Business Development Manager

Welcome to Office Gossip's Private Community

- Severe cash crunch 
- The remaining 50% of salary is expected to be paid on 15th July
- Reliance not willing to invest more funds
- Talks ongoing with PhonePe and Paytm for acquisition (Dunzo would support their ONDC backend delivery logistics)

Things not looking good for Dunzo - 50% Salary paid to Managers and above this month

Okay, unrelated but I have heard reliance invests to destroy.
Most of reliance new age investments, major stakes are under extreme cash loss

Consultant

I'm moving from Bangalore to Gurgaon. I need to transport my household goods including some electronic items. Can someone suggest which of these (or any other) packers should I choose ?

Porter vs No broker which is better for inter city relocation

Welcome to Data Scientists's Private Community

I was hired on a contractual basis for 6 months, after which I was supposed to get a full time role. But due to the hiring freeze, I'll be jobless in a few days. Please let me know if your company is hiring Data Analysts. I have six months of professional experience but have been analysing football data for the past two years.

Looking for an opportunity

HI guys Can some one from rivigo shed some light about the culture over there.
Tc : 20 lpa
Yoe : 2

Rivigo culture

Welcome to Product Managers's Private Community

Referal required in Gojek. Anyone here?

Googling = company name

Fired 8+ employees
2 of 4 EMs have left

Both happen on Friday

Indian logistics startup that acquired Swiss firm layoffs 8+

In a landmark deal, Silicon Valley powerhouse General Catalyst has acquired Venture Highway, a seed-stage investment firm with a track record of backing winners like Meesho and Mobile Premier League.

The Deal:
- Rare instance of consolidation in the Indian VC market
- VH to be rebranded as General Catalyst India
- GC plans to invest $500 million to $1 billion in India over the next three years
- Acquisition driven by desire to build strong local team and tap into local LP network

But the move also raises important questions. Will this trigger a wave of consolidation in the Indian VC market? Will other global firms follow suit and snap up local players to gain a foothold in the country? And how will this influx of foreign capital shape the trajectory of India's startup ecosystem?

As the dust settles on this landmark deal, one thing is clear: India's startup scene is entering a new era, one where local innovation and global capital are increasingly intertwined.  Always long on India 🇮🇳

Image Credits: The Arc

General Catalyst's Venture Highway Acquisition: A Strategic Play for India 🇮🇳

Is frontrow shutting down? Heard everyone in company is let go? They raised like 20 Mn

Porter is getting aquired

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