Logistics technology startup Pickrr raises $12-million funding

CIOReviewIndia Team | Wednesday, 11 August 2021, 08:46 IST

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Logistics technology startup Pickrr raises $12-million funding Pickrr, an end-to-end logistics technology startup, has raised $12 million (about Rs 85 crore) in a Series B funding round led by IIFL Private Equity, Amicus Capital and Ananta Capital. Existing investors like Omidyar Network India and Guild Capital also pitched in.

The capital will be used for product development and expanding the network of fulfilment centres in India.

Founded in 2015 by Ankit Kaushik, Rhitiman Majumder and Gaurav Mangla, Pickrr provides logistics and warehousing solutions to small and medium-sized businesses—including retailers, marketplace sellers and direct-to-consumer brands—to improve their delivery performance and inventory management. Emami, Oziva, Healthkart and Bellavita Organics are a few of its existing clients.

“This infusion of capital has further strengthened our path to deliver simplified solutions. Using technology to drive logistics automation, we aim to reduce delivery time for every e-commerce seller from an average of 5-6 days to 1-2 days,” Majumder, who is also the chief executive of the company, said.

With access to Pickrr’s “end-to-end logistics service”, anyone from a small business to a D2C brand can set up their e-commerce operations seamlessly, he said. “As more and more SMBs come online, the need for end-to-end logistics services like ours will grow rapidly, giving us a great opportunity to scale with our clients.”

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