Logistics startup Porter lays off 300-350 employeesLogistics firm Porter has cut around 300–350 jobs to reduce costs as it prepares for a potential public listing. The company turned profita...
Porter joins unicorn club with $200 million funding round; valuation hits $1.2 billionThe funding round for the on-demand logistics platform marked the exit of its early investors -- Peak XV Partners fully sold off its positi...
Unacademy’s Hemesh Singh joins other founders who donned non-executive rolesUnacademy's Hemesh Singh on Saturday stepped down as CTO of the company, moving to an advisory role. This is one of the many top-deck chang...
InShorts Azhar Iqubal steps down from CEO role; cofounder Deepit Purkayastha to take overAzhar Iqubal started InShorts in 2013. InShorts compiles daily news highlights spanning national, global, political, business, sports, tech...
20 CEOs at Indian startups quit this year amid regulatory concerns, funding winterData compiled by Fintrackr showed that in the first eight months this year, nearly 20 startup CEOs have left their position to either join ...
Logistics startup Porter recasts top management; cofounder Uttam Digga named CEOPrior to this elevation, Digga was chief operating officer at the Bengaluru-based company.
Porter announces leadership restructuringOn-demand logistics firm Porter has restructured its key leadership as it embarks on the next phase of growth, appointing co-founder Uttam ...
Porter forays into international market with UAEThe company will provide a tech-enabled platform to ensure free deliveries through its LCVs and 2-wheelers addressing the gap in intracity ...
Tech-based logistic firm Porter raises Rs 750 crore in Series E fundingThe company will leverage this capital infusion to consolidate its position, focus on acquiring talent and expand operations to enter the t...
Mahindra invests $10 mn in Porter, To merge it with SmartShift to create one entityWhile the financials of the deal have not been disclosed, the transaction values the SmartShift business at $10-12 mn, according to people ...
Truck aggregators on track after crossing GST humpAggregators including Blackbuck, Rivigo and Fr8 said orders have started to pick up again and believe that the new tax structure will have ...
Porter creates advisory board, appoints former CEO of Planet M RetailCurrently present in Delhi, Bangalore, Mumbai, Chennai and Hyderabad with a fleet of 5000 vehicles, Porter plans to expand its presence in ...
How recent layoffs at technology startups have proved a blessing for younger companiesThe exits, triggered by shutdowns, acquisitions or cost cuts, have created a pool of top-notch talent for younger companies to pick from.
Porter plans presence in ten cities by middle of next yearPorter, which connects customers with commercial vehicles for goods to be transported, has plans to have presence in ten cities by the midd...
Etailers like Flipkart, Amazon book a ride on Uber of commercial vehiclesNearly a dozen commercial-vehicle aggregators have sprung up, with ecommerce appearing as a promising business segment for steady revenues.
Porter carries Rs 35 crore in fresh fundsThe Porter, a Mumbai-based online logistics marketplace to book trucks and tempos, has raised Rs 35 crore round led by Sequoia Capital Indi...
Mumbai-based logistics startup The Porter raises Rs 3 crore from Kae CapitalThe startup’s mobile app allows users to hire vehicles for relocation or to move perishables, ecommerce deliveries and even construction su...