Indian Logistics Startup Porter Lays Off Over 350 Employees Amid Restructuring
- ByStartupStory | November 5, 2025
Indian Logistics Startup Porter Lays Off Over 350 Employees Amid Restructuring
Porter, a Bengaluru-headquartered on-demand logistics startup, has laid off more than 350 employees, impacting approximately 18% of its workforce. The restructuring comes months after the company raised $200 million in funding at a unicorn valuation. The layoffs span multiple teams as Porter merges its truck and two-wheeler business verticals to eliminate operational overlaps and improve efficiency.
Despite the layoffs, Porter reported strong financial performance in fiscal 2024-25, achieving profitability with revenues of Rs 4,306 crore, a 57% increase year-over-year, and a net profit of Rs 55 crore compared to a loss of Rs 96 crore the previous year. The company supplies intra-city logistics and courier services, serving over 3 lakh driver partners and caters to more than 20 lakh small and medium business customers.
Porter’s decision to restructure and reduce headcount aligns with its preparations for a potential public listing and plans to raise an additional $100-110 million to fuel growth. The company aims to expand its driver base to 12 lakh and grow its SME customers to over 1 crore by 2030, focusing on becoming a leading logistics provider in India’s emerging economy.
Porter stated that it is deeply committed to supporting impacted employees through severance packages, extended medical coverage, and career transition assistance. The company describes this as a one-time restructuring move towards building a financially resilient and agile organization for sustainable growth.
Founded in 2014 by Pranav Goel, Uttam Digga, and Vikas Choudhary, Porter faces increasing competition in the peer-to-peer parcel delivery space from players like Rapido and Uber, besides legacy competitors. The restructuring aims to streamline operations and position Porter for long-term success.
In summary, Porter’s layoffs mark a strategic realignment to improve operational efficiency amid strong financial growth and future public market ambitions, reflecting evolving business priorities in India’s dynamic logistics sector.
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