# Porter not rushing for IPO, says CEO Uttam Digga 2026-08-10T17:58:42+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Porter, the logistics startup backed by Tiger Global, is in no rush to launch an initial public offering, chief executive and co-founder Uttam Digga told Mint. The company is instead focused on executing its business strategy and expanding market share. Digga said Porter was financially ready for an IPO a year ago but chose to prioritise business growth. The company's revenue rose 54% to Rs 6,698 crore in FY26, while net profit more than quadrupled to Rs 229 crore. Digga spoke to Mint at the flag-off of Porter's 10,000th electric vehicle truck. He noted that EV adoption in logistics has improved significantly, with price parity between EVs and internal combustion engine vehicles nearing in two- and three-wheelers. Porter expects its EV fleet to grow five-fold to 250,000 vehicles by 2030. The company is also exploring international expansion in Southeast Asia, the Middle East and Latin America, targeting markets where small and medium enterprises play a key role. ## Coverage - livemint.com Tags: electric vehicles, IPO, logistics, Porter, Tiger Global, Uttam Digga Canonical: https://indianopinion.org/porter-not-rushing-for-ipo-says-ceo-uttam-digga/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/porter-not-rushing-for-ipo-says-ceo-uttam-digga/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.