Logistics
Financial teardowns of Logistics startups, data first, narratives last.
Porter · Annual Filings FY2025 Standalone (Smartshift Logistics Solutions Private Limited)
Porter Grew Revenue 5x and Turned Profitable. Without Raising a Rupee.
Porter grew revenue from ₹848 Cr to ₹4,287 Cr in three years and turned profitable (₹130.83 Cr PAT) in FY2025 without raising a single rupee of equity since FY2022. Most Indian startups at this growth rate would have raised multiple rounds. Porter did not. Zero debt. The profit arrived in the same year Porter crossed ₹4,000 Cr in revenue.
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