Logistic Startup Pickkup raises USD 500K in Seed Round, Led by We Founder Circle

Pickkup, a leading mid-mile and last-mile logistics solutions provider with a mission to decarbonize the light commercial vehicle (LCV) delivery segment, has successfully raised USD 500K in its Seed Round. The round was led by We Founder Circle (WFC), with participation from marquee angel investors from India, Australia, and the USA.

The funding has strengthened Pickkup’s war-chest required for enhancing the fleet. The funds will be strategically utilized to expand Pickkup’s electric fleet, enhance its team, and invest in advanced technology to bolster logistics efficiency.

Pickkup.io Team 

"Our vision is clear: to build a sustainable, tech-driven logistics ecosystem that maximizes fleet utilization while minimizing environmental impact," said Ankush Sharma, Co-Founder and CEO, Pickkup.io "With this funding, we aim to optimize cross-utilization of our electric vehicles, ensuring they are operational for the maximum number of hours daily—a move that leverages the low operating costs of EVs for enhanced efficiency and affordability."

Neeraj Tyagi, Co-Founder and CEO, We Founder Circle remarked, "Pickkup represents the future of logistics with its unwavering focus on sustainability and operational excellence.

At We Founder Circle, we have been constantly investing in the logistic sector and created good success stories like Zypp Electric, Evify, Traqo and we believe Pickkup is all set to create big impact with its tech-driven approach to decarbonizing logistics."

Founded on the principles of sustainability and innovation by Ankush Sharma (CEO), Chandra Shekhar (CTO), Upma Sharma (COO) in Chandigarh, Pickkup is redefining logistics by deploying a 100% electric fleet, integrating cutting-edge technology to improve delivery efficiency, and actively contributing to decarbonization efforts. With a growing need for eco-friendly logistics solutions, the company is poised to set new benchmarks in the industry.

For more information, visit: www.pickkup.io

About We Founder Circle

Established in 2020, We Founder Circle is a global community of successful founders & strategic angels offering mentoring & actively investing in early stage startups. WFC invests USD 250K- USD 2Mn amount in early-stage start-ups that are fueled with ambition, sustainability, and a strategic approach. WFC provides seed funding, business development, and global networking opportunities to start-ups as it believes early-stage start-ups need a lot beyond just financial support to become scalable and stable. It has already enabled USD 50M worth of investments across 150+ start-up deals since incorporation. WFC is consistently featured as top active investors by industry ranking reports of tracxn & Inc42. Some of the key investments includes category leader companies like BluSmart, Zypp Electric, Kazam, Gauda Aerospace, Pixxel SpaceTech, Qpi Quantum Computing, Oben Electric, Hesa, Anveshan, Piesight Spacetech, Vidyakul etc. To know more, visit: https://www.wefoundercircle.com/

We Founder Circle Closes 8 Investments in Just 100 Days; Invested over $400K in Total 8 Deals

We Founder Circle (WFC) – a startup investment platform, has successfully closed 8 startup investment deals within 100 days of its operations. The platform works on founders-backing-founders model, allowing facilitation of funds for startups at seed investment stage. WFC enables investments of USD 50K- USD 150 K amount in early -stage startups that are fueled with ambition, sustainability and strategic approach.

Until now the platform has successfully conducted 03 open pitch session & few direct curation in which it has raised funds for 8 startups including Anveshan, Belora Paris, YPayCard, Knocksense, Deciwood, Humus, Vidyakul & Couch Fashion. The startups hail from fields including- Edtech, Fintech, AI, Fashion, Agrotech etc. WFC has already invested over USD 400K in total since its inception. The brand has over 500 angel investors in its community to strengthen the platform and enable fundraise as per the startup requirement.

Renowned startups founders like Ankit Mehrotra of DineOut, Ashutosh of Beardo, Deepak Tuli of Goibibo, Deepak Sahni of Healthians, Akash of Zypp, Kushang of SupplyNote, Rohit Raj of Chatrbox have joined the Founders-Backing-Founders community by WFC to scale up the startup economy in India. Apart from financial support, the platform also provides access to cross-border founders community, peer-to-peer learning, access to global acceleration programs, business development opportunities etc.

“When a startup is at seed stage, investors work on credibility of the founder and not just the startup model. If a founder is seeking financial support and has rapport in founders’ community, it becomes easier to arrange funds. We Founder Circle has only become more relevant during the current unprecedented times. Due to pandemic funds have gone dry and startup community has come to a standstill. It is the time when things can only recover with mutual support. Hence, we are working on founders-backing-founders model to refuel the community. We have already closed 8 deals in just 100 days of operations which proves that the model is the need of the hour,” said Mr. Neeraj Tyagi- CEO & Founder, WeFounder Circle.

The platform is already in aggressive talks with over 30 startups and aims at going on a funding spree in the first half of 2021.

About WFC

Established in 2020 in Mumbai, We Founder Circle is a global community of successful founders & strategic angels that have come together to push the startup industry and steer it towards an aggressive growth. It invests USD 50K- USD 150 K amount in early -stage startups that are fueled with ambition, sustainability and strategic approach. WFC provides seed funding, business development and global networking opportunities to startup as it believes early-stage startups need a lot beyond just financial support to become scalable and stable.