Exclusive: Logistics marketplace Porter secures Series B investment
Porter (formerly The Porter), an online logistics marketplace run by Mumbai-based Resfeber Labs Pvt Ltd, has raised Series B funding from new as well as existing investors, said two people close to the development. The company makes intra-city pickups and deliveries through bookings placed on its platform for deliveries across Mumbai, Delhi, Bengaluru, Hyderabad, and Chennai. After the fund raise, some of the cities it plans to expand to include Pune, Ahmedabad, Jaipur, Kolkata, Nagpur, Kochi and Vizag along with increasing the mini trucks fleet size. It caters to institutional clients, small and medium enterprises (SMEs) and retail customers. The...
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Sequoia Capital India Advisors Pvt. Ltd. is a venture capital firm with around $1.93 billion assets under management. It provides seed, late and growth-stage capital to companies operating in India. The firm seeks to invest in technology, healthcare, foods and beverages, outsourced services, pharma, consumer, finance, education, manufacturing, hospitality, media and entertainment, energy, retail, infrastructure and telecom sectors. It invests between $0.1 million and $1 million in seed stage, $1 million and $10 million in early stage and $10 million and $100 million in growth stage companies. The company was incorporated in 2000 and is based in Bengaluru, Karnataka. with an additional office in Mumbai.
KAE Capital Fund is a $25 million venture capital fund managed by KAE Capital Management Pvt. Ltd. It provides seed capital to companies operating in India. The fund seeks to invest in technology sector including cloud, consumer internet, mobile, education and payments. It typically invests between $0.2 million and 0.5 million in start ups and invests up to $3 million and $3.5 million across new rounds in its portfolio companies.
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