11.August.2021 – Gurugram-based Pickrr, a SaaS startup for logistics, announced that it raised 12 Million (INR 85 crore) in a Series B funding round. This funding was led by Amicus Capital, Ananta Capital, IIFL.
The funding round was participated by Guild Capital and Omidyar Network. The company intends to utilize the capital raised to develop R&D, drive product development, and expand the network.
Amit Mehta from IIFL said “As small businesses come online, we believe that businesses like Pickrr, which streamline the post checkout experience, will have a multi-decade growth runway. The founders have focused on flawless execution and technology, which has enabled Pickrr to distinguish itself. We are excited to partner with them as they create a great customer experience for small businesses coming online.”
About Pickrr –
Pickrr was initiated in 2015, by Gaurav Mangla, Ankit Kaushik, and Rhitiman Majumdar. It is a SaaS platform that provides an end-to-end, logistics solution that is plug-n-play based for e-commerce sellers and D2C brands. It aims to improve delivery performance and management of inventory.
It focuses on small-sized businesses (SMBs) which includes D2C brands, marketplace sellers and retailers, with logistics services across the country, in price negotiation, data analytics, and courier partner selection.
In 2021, Pickrr saw 3 times rise in its daily orders and the order volume on its platform continues as it grows steadily. It uses the power of artificial intelligence and machine learning to provide data-driven insights to more than 50,000 sellers on its platform.
Rhitiman Majumder, Co-Founder and CEO, Pickrr, said “Pickrr’s vision is to make logistics fast and seamless. This infusion of capital has further strengthened our path to deliver simplified solutions. Using technology to drive logistics automation, we aim to reduce the delivery time for every ecommerce seller from an average of 5-6 days to 1-2 days.”
“With just one click access to our end-to-end logistics service, anyone from a small business to a D2C brand can set-up their ecommerce operations seamlessly. 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,” Rhitiman added.
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