Pikndel, a same-day delivery service company from Delhi has completed seed funding worth $1 million funded by VC Grid, who led the round. This round saw participation from some diversified investors who were interested like D2C Insider Angels, Breathe Capital, and Venture Catalysts. Industry leaders such as Akash Gupta; founder at Zypp, Keshav Bhajanka and Sanjay Aggarwal; founders at Century Plywood; Kanishka Sethia; founder at Western Carriers, and a few family offices from Kolkata made investments in this round.
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Founded by Teja Vadlamani, Siddharth Batra, and Tullika Batra in 2022, Pikndel specializes in same-day delivery services tailored for direct-to-consumer (D2C) and e-commerce brands. Sellers can make use of shared dark stores to store their inventory. Pikndel aims at achieving optimization for the clients of e-commerce by having flexible options that range from four hours to same-day service.
The company operates in major metropolitan regions in Delhi NCR, Mumbai, and Bengaluru, utilizing its chain of dark stores for quick deliveries. This enables brands to provide delivery timelines ranging from one hour to next day in order to enhance the customer experience while still maintaining operational efficiency.
Pikndel has just closed yet another financing round after a pre-seed round conducted in December 2023, where the firm managed to secure a funding amount of $285,000 led by 100X.VC. It intends to increase its scale, improve its technological infrastructure, and expand its market reach with this new funding. With such an investment secured, Pikndel is highly poised to strengthen its offers in logistics amid a very competitive landscape.
In this wake of this e-commerce boom, pushing ever more demand for quick and reliable delivery services, this model offered by Pikndel satisfies an urgent need. Indeed, company that will focus on efficient delivery solutions corresponds well with the modern consumer’s desire for speed of delivery and outlines the new way in which greater consideration is given to deliver products quickly.
The founders of Pikndel stated that they were very glad and excited with the consideration of support from their investors. According to them, this funding will improve their service capabilities as well as widen its coverage. With technological innovation and customer satisfaction, Pikndel dares to be one of the major players in the same-day delivery segment.
In a nutshell, with the $1 million seed round led by VC Grid, Pikndel aims to up-end the delivery service space in India. Pikndel has a sound growth plan and will be able to fulfill the demands of the consumers, making it one of the flag bearers in the logistics space for the coming years.
