Peak XV nets ₹1,200 crore by exiting investment in Porter

Peak generated about $3.6 billion in cash exits over the past five years and over 30 of its portfolio firms have gone public

- Priyamvada C.

Peak XV Partners netted over ₹1,200 crore after exiting its investment in logistics company Porter's latest funding round, a person familiar with the matter said. The profit was an over 11-fold return on investments of ₹116 crore across multiple rounds over the past decade.

"The company has grown tremendously since our Series A investment in 2015 to now become worth over a billion dollars. After a decade-long partnership with the team, we have exited our investment and express our heartfelt gratitude to the founding team, Uttam Digga, Pranav Goel, and Vikas Choudhary, for being wonderful partners," a spokesperson for Peak XV said, without disclosing the exit value.

Porter declined to comment on the stake sale.