Porter closes $200 million round led by Kedaara Capital, Wellington Management at unicorn valuation

On-demand logistics platform Porter has closed a $200 million financing round led by private equity firms Kedaara Capital and Wellington Management — in a mix of primary and secondary transactions that saw early investors Peak XV Partners and Kae Capital exit from the company.People in the know said that the round was closed at a $1.1-$1.2 billion valuation, making Porter the first unicorn startup of 2025. Existing investor Vitruvian Partners also participated in the round.

Around $140-150 million of the total round was in secondaries, one of the…