Be it picking up any item from your doorstep and delivering it to some other place, or bringing daily essentials and food on demand, delivery with in minutes has become a crucial business. In fact, this space has been emerging as one of the VC favourite avenues. New Delhi based on-demand logistics platform, Pickrr is also trying to disrupt the traditional shipping industry in the near future with its in-house technology.
Founded in August, 2015 by Rhitiman Majumder, Gaurav Mangla, Ankit Kaushik and Ronak Agrawal, Pickrr allows consumers/businesses to place orders through both website and mobile app, and the startup will take care of the rest –pick-up, packaging and delivery. It is currently operational in Delhi/NCR and deals in both inter-city and intra-city deliveries. The app is available for Android users, has 100-500 downloads till now.
Rhitiman completed his MBA from Indian School of Business in 2015 and was working with StayZilla as operations manager before starting Pickrr. Gaurav is a graduate from IIT Guwahati. Kaushik is a graduate from IIT Kanpur. Both Gaurav and Kaushik sold their last startup in SAAS based hiring domain – OptmizedBits to TalentPad. Ronak is a graduate from IIT Delhi. He was a growth hacker in TalentPad.
The startup has raised an undisclosed amount of seed funding from Karan Talwar of BNT Talbros Group; Prashan Agarwal, Co-founder of 19miles and ex Co-founder of PropTiger; and from early and mid-stage VC firm Palaash Ventures. The main utilization of the funds of this round is to fine-tune its back-end technology. Further the funds will be utilized to implement its technology model.
The firm is receiving more than 500 orders a day and has over 1500 registered customers on its platform. Pickrr is making money by directly charging consumer for its services.
Talking about their future plans, Rhitiman told iamwire, “By March 2016, our first goal is to be profitable in terms of unit-commerce. The next target is to copy-paste our whole model on a pan-India basis.”
Pickrr is directly competing with Parcelled which raised $5 million in series A round of funding led by logistics company Delhivery in October 2015. Other players like Moovo, Blowhorn, Instavans, Turant Delivery, Pickingo and Shippr are also operating in the same space.
Commenting on the market size, Rhitiman said, “Logistics industry in India is valued at $130 Billion. So the market opportunity for Pickrr is huge in monetary terms.” On demand logistics industry is booming with several startups which are coming up with innovative technologies and approach to revolutionise logistics solutions and aiming to make the logistics space more organized.Category Investments Startups