Porter surpasses Rs 1,700 crore mark in operating revenue for FY23

Porter, the Indian intra-city logistics startup backed by Tiger Global, has reported a 2X increase in operating revenue for the fiscal year ending March 31, 2023. The company earned Rs 1,753.5 crore, compared to Rs 847.6 crore in the previous year. However, Porter's total expenditure and net loss also saw significant rises, reflecting the challenges of scaling operations. Porter's success in attracting demand and its strong backing from Tiger Global position it well in the competitive logistics market.

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Frequently Asked Questions

Q: What is the operating revenue of Porter in FY23?

A: Porter's operating revenue in FY23 was Rs 1,700 crore. Source