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December 9, 2025
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- Sun, 14 December 2025
Peak XV Partners has successfully exited Porter, the logistics startup, with a remarkable 11x return on its investment, amounting to Rs. 1,200 crore. This significant exit comes as the venture capital firm continues to consolidate its portfolio while Porter plans its next phase of expansion.
The exit marks a crucial milestone for Peak XV Partners (formerly Sequoia Capital), which initially invested in Porter in 2015 during its early growth stage. Over the years, the firm strategically supported Porter’s expansion into multiple logistics verticals, including intracity delivery and last-mile logistics, helping the startup establish itself as a dominant player in India’s logistics landscape.
According to reports, as part of this round, Peak XV Partners fully exited its investment in Porter, reportedly realizing an 11x return on its ₹116 crore investment.
“The company has scaled significantly since our Series A investment in 2015, and is now valued at over a billion dollars. After nearly ten years of partnership, we have exited our stake and are deeply grateful to the founding team—Uttam Digga, Pranav Goel, and Vikas Choudhary—for their exceptional collaboration”
With Peak XV’s exit, Porter is now looking to utilize the capital influx to accelerate its growth and enhance operational efficiencies. The startup plans to strengthen its logistics network across Tier 2 and Tier 3 cities, aiming to capture a larger market share in India’s booming logistics sector. Additionally, Porter is exploring new business models to further diversify its revenue streams, positioning itself as a comprehensive logistics solutions provider.
Porter, founded in 2014, has grown to become a leading on-demand logistics platform in India, offering services across 22 cities and expanding into the UAE.
The successful exit of Peak XV Partners not only highlights the potential for lucrative returns in India’s startup sector but also underscores the growing investor confidence in logistics and supply chain management.
Over the past five years, Peak XV has generated about $3.6 billion in cash exits, with more than 30 of its portfolio companies going public.
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