Logistics unicorn Porter has laid off over 350 employees, nearly 18% of its workforce, as part of a restructuring exercise aimed at consolidating operations and sharpening its path to profitability.

The workforce reduction follows Porter’s decision to merge its truck and two-wheeler business verticals to eliminate operational overlap.

“We’re in the midst of a transition that required a one-time restructuring, aimed at building a stronger, more agile, and financially resilient organisation for the road ahead,” a company spokesperson said.

The restructuring comes ahead of an anticipated initial public offering (IPO) within the next 12-15 months. The logistics platform is also reportedly in advanced talks to raise $100-110 million in an extended Series F round, which would take its tota

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