CosmicTaco
CosmicTaco

Peak XV's Lucrative Porter Exit: 10X Returns

  • Peak XV Partners has achieved a substantial return, exiting its investment in Porter with a payout close to INR 1,200 Cr from an initial investment of INR 116 Cr.
  • Porter recently became a unicorn after securing $200 million in funding, with significant secondary share sales from Peak XV and Kea Capital.
  • New investors Kedaara Capital and Wellington Management joined the funding round, with Porter planning to expand operations and support MSMEs.
  • Peak XV has a history of lucrative exits and has raised over $22.99 billion in investments since its founding in 2006.
  • The VC firm is focusing on raising its first independent fund post-Sequoia separation, aiming for $1.2 - 1.4 billion.

Source: Inc42

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3rd Unicorn 🦄 of 2024

After krutrim, perfios, Porter is the 3rd startup which has turned unicorn 🦄

It has solved some problem for sure unlike krutrim

I remember, when I moved to blr...it was a life saviour.

Such startups deserve to be an unicorn 🦄

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Porter is actually amazing. I use them at least once a month and they’re so on point One of the guys who made G...

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Another fellow Koramangala based company rocking it

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This is the best way to raise money. Ask friends and family for money at 1B valuation. Now, when investors ask for ...