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Delivery of couriers, parcels or shifting of homes intracity has now been very easy and comfortable the Porter. India’s intra-city logistics solution has been started to solve the hurdles faced by startups and small businesses for the delivery of their packages from one place to another. Startups and small businesses are facing huge problems delivering the goods on time to the customers and Porter has become the largest support to businesses. It is one of the fastest and cheapest systems to transport goods on time.
Porter was started in the year 2014 by three IIT graduates- Pranav Goel, Uttam Digga, and Vikas Chaudary. Porter picks up and drops facilities are on time, which solved most of the logistics problems and made them more reliable to the customers. Previously the system was mostly unorganized as it takes more time in pickup and delivery of packages. Porter with its efficient mapping solution made the delivery very systematic, as a driver can take 2 trips instead of 1 in a day.
The users can install the Porter app and the orders are managed easily by the GPS tracking system in the phone for tracking the movement of vehicles. Now Porter Service is available in all major cities like Mumbai, Delhi, Bangalore, Hyderabad, Pune, Chennai, Surat, Kolkatta, Jaipur, and Luck now to bring reliable service to their customers. Porter provides hassle-free transportation with Mini trucks, tempo, bikes, and scooty services. Everything is possible in porter like shifting home, business and industrial deliveries, parcel and packing delivery services in all major cities of India.
The app can be easily downloaded and installed through the Google Play store on mobile phones. Porter has a subscription system that works on-demand revenue model making the charges per kilometer and earning 20% commission from every order. Many numbers of customers is opting for the subscription model as the contract lasts for two to three months. Most of the revenue to Porter is generated through the Subscription model.
2 wheelers the rate starts from Rs.40,3wheelers the rate starts from Rs. 160, Tata ace, kutty yanai rate starts from Rs.210,Tata Truck rate starts from Rs.625 Porter's clients are Amazon, Myntra, Furlenco, DHL, ITC, etc. It has more than 25,000 customers in the small and startup companies.Porter has investors from many parts of the world and they are Sequoia Capital, Light rock India, Tiger global Management and Vitruvian Partners. Porter received an investment of Rs.750 crores from Tiger Global Management and Vituvian partners.
Porter’s revenue is significantly increased to Rs.274 crores in 2020 when compared to Rs.136.7 crores in 2019. The company spent most of the earnings for the employee benefits by spending Rs.47.8 crores in 2020 and Rs.28.05 crores in 2019. The real-time tracking system has helped many of business owners to deliver their packages on time. More than 3000 vehicles are operating in all major cities of India. Porter is likely to expand its business to every 2 to 3 cities each year.
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