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Logistics tech startup Pikndel raises $1 million in a seed round led by VC Grid, others

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  • Funding and Leadership: Pikndel, a logistics technology startup focused on quick commerce delivery, has raised $1 million in seed funding led by VC Grid, with participation from other investors including D2C Insider Angels and various industry leaders.

  • Business Model: Founded in 2022 by Siddharth and Tullika Batra, Pikndel offers a logistics solution featuring shared dark stores and tech-enabled last-mile fleets, allowing brands to provide flexible delivery options ranging from one hour to next day.

  • Market Demand: The startup targets the rapidly growing quick-commerce sector in India, projected to reach $10 billion by 2029, by enabling brands to set up cost-effective logistics services more efficiently than traditional models.

  • Investment Impact: The recent funding will aid in Pikndel’s expansion into new cities and help develop its last-mile delivery infrastructure, addressing the modern consumer demand for faster services in e-commerce.

  • Strategic Vision: Leadership emphasizes the importance of adapting to changing consumer expectations, highlighting Pikndel’s role in making quick commerce logistics accessible and scalable for a variety of brands.

Pikndel, a logistics technology startup transforming quick commerce delivery solutions for D2C and e-commerce brands, has raised $1 million in a seed funding round led by venture syndicate VC Grid.

The round also saw participation from D2C Insider Angels, Breathe Capital, Venture Catalysts, and prominent industry leaders, including Akash Gupta from Zypp and Keshav Bhajanka from Century Plywood.

Several influential family offices from Kolkata also participated in the round.

What does Pikndel do?

Founded in 2022 by Siddharth Batra and Tullika Batra, Pikndel aims to transform logistics with its network of shared dark stores and tech-enabled last-mile fleets.

The startup provides brands with multiple delivery options, from one-hour to next-day delivery, significantly enhancing customer experience while maintaining operational efficiency.

Pikndel’s model combines inventory management efficiency with fast, flexible delivery capabilities that allow brands to launch quick commerce services within 72 hours.

Market growth and demand

Pikndel’s entry into the market comes amid rising demand for efficient logistics in India’s booming e-commerce sector. The quick-commerce industry is anticipated to grow to $10 billion by 2029, driven by increased consumer expectations for faster deliveries.

The startup’s shared dark store model allows brands to set up quick-commerce offerings more affordably than traditional individual dark stores, which often fall short of delivering expected ROI in today’s competitive landscape.

Leadership comments

 “The fast-paced business environment has transformed consumer expectations,” Batra said. “To meet this, Pikndel’s shared dark stores and agile last-mile solutions enable brands to enter the quick-commerce market swiftly and efficiently,” Siddharth Batra said.

Batra also noted that the recent investment will support Pikndel’s expansion across multiple cities and strengthen its last-mile delivery infrastructure.

Vansh Oberoi, managing partner of VC Grid, expressed strong support for Pikndel’s potential to address market needs. “Pikndel’s innovative approach to quick commerce logistics addresses a critical gap in India’s rapidly evolving e-commerce landscape,” Oberoi said.

“Their model not only makes quick commerce accessible to a broader range of brands but also ensures operational efficiency and scalability.”


Here’s the information extracted from the provided text about Pikndel:

Funds

  • VC Grid (led the funding round)
  • D2C Insider Angels
  • Breathe Capital
  • Venture Catalysts
  • Influential family offices from Kolkata

Investors

  • Akash Gupta (Zypp)
  • Keshav Bhajanka (Century Plywood)

Startup

  • Name: Pikndel
  • Founded: 2022

Founders

  • Siddharth Batra
  • Tullika Batra

Fundraise Series

  • Seed funding round
  • Amount raised: $1 million

Additional Information

  • Focus: Logistics technology for quick commerce delivery solutions for D2C and e-commerce brands.
  • Business Model: Shared dark stores and tech-enabled last-mile fleets aimed at providing brands with fast and flexible delivery options (from one hour to next day).
  • Market Potential: The quick-commerce industry in India is anticipated to grow to $10 billion by 2029.

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