Sneha Shah

1 week ago | livemint.com | Sneha Shah

“The round is expected to value the startup between $1.2-1.4 billion and will be a mix of primary and secondary share sale," one of the three people cited above said on the condition of anonymity. Responding to Mint’s query, a Porter spokesperson said, “As per company policy, we do not respond to market speculations." Wellington Management did not immediately respond to requests for comment.

1 week ago | htsyndication.com | Sneha Shah

Mumbai, April 15 -- Private equity firm Wellington Management is likely to lead a $100 million funding round in new-age intra-city logistics services provider Porter alongside other existing investors, three people familiar with the matter told Mint. "The round is expected to value the startup between $1.2-1.4 billion and will be a mix of primary and secondary share sale," one of the three people cited above said on the condition of anonymity.

1 week ago | htsyndication.com | Sneha Shah

Mumbai, April 15 -- Private equity firm Wellington Management is likely to lead a $100 million funding round in new-age intra-city logistics services provider Porter alongside other existing investors, three people familiar with the matter told Mint. "The round is expected to value the startup between $1.2-1.4 billion and will be a mix of primary and secondary share sale," one of the three people cited above said on the condition of anonymity.

1 week ago | livemint.com | Sneha Shah

“The round, which will value the company at $800-850 million, is a mix of primary and secondary transactions," one of two people cited above said.  MoEngage and Avendus did not immediately respond to Mint’s requests for a comment. In 2022, the company raised $77 million in a Series E funding round led by Goldman Sachs Asset Management and B Capital at a valuation of $700 million, as per data from market intelligence provider Tracxn.

1 week ago | livemint.com | Shayan Ghosh |Sneha Shah

Industry Summary These exits are due to a lower-than-anticipated level of performance by the company, especially in the project advisory business. Among those exiting is Rajan Gupta, executive vice-president and group head of project advisory and structured finance group. This is a Mint Premium article gifted to you. Subscribe to enjoy similar stories.