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porter international market: Porter forays into international market with UAE

Porter, a tech-based, on-demand logistics company has forayed in the UAE market with its first ever intra-city logistics services in Dubai. It plans to make an investment of $6 million in UAE for the next 3 years.

The company will provide a tech-enabled platform to ensure free deliveries through its LCVs and 2-wheelers addressing the gap in intracity logistics requirements in the region for small package delivery requirements of both personal and businesses.

Pranav Goel, CEO & Co-Founder, Porter said, “With Dubai being the hub of global business, we expect to scale our business exponentially in the market, especially with the business-friendly policies and infrastructure that the region has to offer. This expansion will act as a catalyst in ensuring a holistic growth of the intra-city logistics ecosystem and contributing to generating employment opportunities for driver-partners and offering economical and efficient solutions backed by technology to the customers.”

Presently with more than over 20,000 customers onboard the company is looking to bolster operations in these cities and further increase their customer acquisition by 2x to over 40,000 and vehicle base by 3.2x to over 800 by March 2024.

“We are happy with the response that our platform has received and our learnings from the Indian market will help us in accelerating our growth in the UAE. Our model helps to bring efficiency into the system by addressing issues such as lower utilisation of vehicles, unavailability of the right vehicle type and the high cost for customers. This expansion should help provide a logistics solution for businesses as well as offer consumers direct control over their deliveries,” said Ankit Dwivedi, AVP – International Business, Porter.

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