Pickrr, a logistics startup, secured $4 million in funding led by Guild Capital and Omidyar Network India, transitioning from angel investments to institutional backing.

Target Information

Pickrr is a logistics company established in 2015 by co-founders Majumder, Gaurav Mangla, and Ankit Kaushik. It offers a comprehensive, plug-and-play logistics solution tailored for eCommerce sellers and direct-to-consumer brands. Prior to this funding round, Pickrr was primarily bootstrapped by its founders, supplemented by support from angel investors. The company currently services 26,000 pin codes across India and facilitates approximately 1.5 million shipments each month.

Industry Overview in India

The logistics industry in India has been experiencing significant growth, driven by the rapid expansion of eCommerce. With increased internet penetration and smartphone utilization, more consumers are opting for online shopping, thereby elevating the demand for efficient logistics services.

Additionally, the Government of India has made considerable investments to enhance the overall logistics infrastructure, which has made operations smoother for l