India, May 8 -- Hyperlocal logistics startup Porter has become the second unicorn of 2025 after raising funding in its Series F round.

The round, which was a mix of primary and secondary deals, was led by Kedaara Capital and Wellington Management. It also saw participation from existing investor Vitruvian Partners.

While the startup did not disclose the funding amount, sources told Inc42 that the size of the round was $200 Mn and valued the startup at $1.1 Bn to $1.2 Bn. With this, Porter became the second unicorn this year after Netradyne.

Porter raised $50 Mn to $80 Mn in the funding round via primary transactions, while secondary deals accounted for $120 Mn to $150 Mn.

Peak XV Partners made a partial exit via the round due to fund ...