Pickrr, a SaaS-based logistics startup, has raised Series B funding of $12 million (Rs 85 Crore) in a Series B funding.
The round was led by IIFL, Amicus Capital, and Ananta Capital. Existing investors Omidyar Network India and Guild Capital also participated in this round.
The Gurugam-based company will continue to drive product development and R&D and expand its network of fulfillment centers across the country and help small and medium-sized businesses (SMBs) including retailers, marketplace sellers, and D2C brands to improve their delivery performance and inventory management.
Company: Pickrr Technologies Private Limited
Raised: $12.0M
Round: Series B
Funding Month: August 2021
Lead Investors: IIFL, Amicus Capital, and Ananta Capital
Additional Investors: Omidyar Network India and Guild Capital
Company Website: http://www.pickrr.com
Software Category: Virtual courier service for e-commerce
About the Company: Pickrr was founded in 2015 by Rhitiman Majumdar, Gaurav Mangla, and Ankit Kaushik. Pickrr is an end-to-end, plug-and-play logistics solution for e-commerce sellers and D2C brands to ship products from anywhere in India to end customers without any hassle in price negotiations, courier partner selection, and data analytics. The company currently has about 25 delivery partners on board and offers to ship to 29,000+ pin codes and 220 destinations across the globe. Its one-click easy integration with over 25 partners like Amazon, Shopify, and WooCommerce makes Pickrr a preferred e-commerce fulfillment platform for SMBs.
Source: https://www.livemint.com/companies/start-ups/pickrr-raises-12-million-in-series-b-round-led-by-iifl-amicus-capital-11628690982443.html