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This is Porter's second friends and family round in a span of about a year. In the January-March quarter of 2023, the company sold shares worth Rs 7-8 crore to friends and family at a valuation of $700 million.
Homegrown logistics services platform Porter has likely become the third unicorn (with valuation of $1 billion and above) in India this year after a fresh internal round.According to sources, the fresh round involved key individual investors ...
Porter has doubled its valuation from the $500 million it commanded during its 2o21 fundraising, when it raised $100 million in a Series E funding round.
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Kiran Mazumdar-Shaw commends Nirmala Sitharaman's comprehensive roadmap for India's sustained economic growth towards developed economy status by 2047. The budget prioritizes research, innovation, bio manufacturing, infrastructure development, and technology-driven digital transformation. No tax change is a positive aspect.