Gurgaon-based on-demand, hyper-local logistics startup Pickingo has raised Rs 8.3 crore in its first round of institutional funding, led by Rehan yar Khan-funded, multi-stage venture capital firm Orios venture Partners, and Toppr co-founder Zishaan Hayath.
Started in November 2014 in Gurgaon, Pickingo is an on demand B2B hyperlocal delivery service which raised its first round of funding in March 2015 from a couple of investors since then it has expanded rapidly and is now a 300+ member team with presence in 6 cities – the National Capital Region, Jaipur, Bengaluru, Mumbai, Pune and Hyderabad.
The startup will use the freshly raised funds to expand its presence to 20 new cities.
Pickingo was founded by a group of IIT Kanpur and IIM Bangalore alumni – Rahul Gill, Piyush Sharma and Rishav Papneja.
Pickingo started off doing reverse-pickups for large e-commerce players such as Jabong, Snapdeal, Shopclues and PayTm. More than 300 restaurants, groceries and pharmacies have signed up for our on demand delivery service including some large hyperlocal startups.
“Apart from the metros we will be focusing on the slightly smaller towns and cities across the country such as Lucknow, Coimba tore and Chandigarh among others,” Gill said.
other players in the on-demand, hyperlocal logistics services like RoadRunnr announced an $11 million Series A funding from Sequoia Capital, Nexus Venture Partners and Blume Ventures recently.