Porter announces first-ever international expansion with its foray into UAE

Porter, India’s leading tech-based, on-demand logistics company has announced its first overseas expansion with entry to UAE offering intra-city logistics services in Dubai. The expansion comes under the company’s current plan to explore the GCC regions, and the Indian subcontinents. The logistics start-up, which is backed by some of the most renowned and active venture capital investors including Tiger Global, Sequoia and Lightrock India had earlier raised USD 100 Million in Series E funding for expanding operations.

The company will provide a tech-enabled platform to ensure hassle-free deliveries through its LCVs and 2-wheelers addressing the gap in intracity logistics requirements in the region for small package delivery requirements of both personal and businesses. Presently with more than 20,000 + customers onboard, Porter plans to make an investment of $6 million in UAE for the next 3 years. Additionally, the company is looking to bolster operations in these cities and further increase their customer acquisition by 2x to 40,000+ and vehicle base by 3.2x to 800+ by March 2024.

Porter offers cost-effective solutions that can help in improving lower vehicle utilisation, increasing the competence of the system, and ensuring the availability of appropriate vehicles for customer requirements. This will also result in efficient intracity logistics, lesser rates for customers and more earnings for driverpartners. The company currently has 300+ LCVs on the platform and recently introduced 15 two-wheelers to expand its operations in the region.

In April, during the holy month of Ramadan, Porter pledged to make a positive impact on the community by contributing iftar meals and clothes with every delivery. With this, Porter aimed at helping those in need by providing a healthy and fulfilling meal at the end of a long day of fasting.

The company looks forward to tapping more potential opportunities in the intra-city logistics segment in the future for scaling its business.