Indian logistics startup raises $12m in series B money

India-based shipping solutions startup Pickrr has raised US$12 million in a series B round led by IIFL, Amicus Capital, and Ananta Capital. Existing investors Omidyar Network India and Guild Capital also participated in the round.

Pickrr co-founders (from left) Ankit Kaushik, Rhitiman Majumder, and Gaurav Mangla / Photo credit: Pickrr

The funding will be used to drive product development and expand Pikrr’s network of fulfilment centers across the country. The startup aims to reduce the delivery time for every ecommerce seller from an average of five to six days to a day or two.

“Pickrr gives real time experience of a virtual courier company. The platform has 99.95% real time updates, with no lags, offering one-click integrations with all platforms like Amazon and Shopify,” Pickrr co-founder Rhitiman Majumder told Tech in Asia.

Established in 2015 by Majumder, Ankit Kaushik, and Gaurav Mangla, Pickrr provides logistics and warehousing solutions to small and medium-sized businesses such as retailers, marketplace sellers and direct-to-consumer brands. It provides end-to-end logistics and data-driven insights to over 50,000 sellers on its platform.

The startup says it has a 3x jump in daily orders in 2021. It currently offers shipping from and to 29,000 postal codes in India and 220 destinations across the globe.

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The startup recently strengthened its foothold in the warehousing segment with the launch of Pickrr Plus, a warehousing solution to help sellers manage their inventory without investing in a physical warehousing space. Some of its clients include Indian conglomerate Emami, natural makeup brand Bellavita Organics, and nutrition-focused firms Oziva and HealthKart.