VC Fund Investments
Logistics-tech startup Pickrr raises $12-M from IIFL, Amicus Capital, Ananta Capital, others
Gurugram-based Pickrr, a SaaS-based logistics-tech start-up providing logistics and warehousing solutions to small and medium businesses (SMBs), has raised USD 12 million in a Series B round led by IIFL VC, Amicus Capital and Ananta Capital. Existing investors Omidyar Network India and Guild Capital also participated in the round advised by Dexter Capital. The start-up will use the funding to drive product development and expand its network of fulfilment centres across the country. Pickrr uses AI and ML to provide seamless end-to-end logistics and data-driven insights to 50,000+ sellers on its platform. The company currently offers shipping from and to 29,000+ pin codes in India and 220 destinations across the globe.
From the Venture Intelligence PE-VC Deal Database: In Dec-20, Guild Capital and Omidyar Network had invested INR 30 crore in Pickrr. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.) From the Venture Intelligence Angel Investments Database: In Nov-15, Palaash Ventures had invested in Pickrr.
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