Pickrr, a end to end SAAS based logistics solutions provider, has raised $4 million funding from investors led by Guild Capital and Omidyar Network India. The startup is backed by angel investors and high net worth individuals.
The startup will utilise the funds to expand its business and for product development.
“This is a mix of a primary as well as a secondary round. We will be using this capital to expand our offering to more vendors,” said Rhitiman Majumder, co-founder and CEO of Pickrr.
Founded in 2015 by Majumder, Gaurav Mangla and Ankit Kaushik, Pickrr is an on-demand first mile logistics company. It serves 26,000 pin codes across the country and handles around 1.5 million shipments each month.
“During this festive season, Pickrr’s volumes have grown over 400% year-on-year, which follows on from aggressive growth over the last 12 months,” it said in a statement.
“Our aim is to create a brand that online sellers use for everything related to logistics. This includes warehousing, fulfilment, cross-border logistics, B2B logistics among other aspects. We plan to provide our tech solutions to aggregators and franchisees so that we can manage their shipments through a single end-to-end platform,” Majumder said.
“Pickrr’s focus on helping small businesses get access to best-in-class logistics services resonates with our objective of helping every Indian realise the power of the internet,” said Badri Pillapakkam, partner, Omidyar Network India. “With Pickrr’s help, MSMEs are able to digitise their shipping workflow, lower their courier rates and, most importantly, improve efficiency of delivery, which results in greater revenue.”
Apoorv Gautam, India Head and COO of Guild Capital, said, “Logistics in India is a highly unorganised market ripe for technology-led disruption. Pickrr’s unique SaaS platform is a full-stack logistics solution which provides smart order fulfilment and machine-learning based courier recommendations. We believe that Pickrr will pave the way for solving logistics-related challenges for a large number of e-commerce sellers at scale.”
