Delhi-based logistics tech startup Pickrr Technologies announced it raised US$4 million in an investment which was led by co-led by Guild Capital and Omidyar Network India according to the statement.
The firm will invest the new capital in strategies that will enable its market share and will also invest in its tech and product development.
The firm will use the investment to continue its market expansion and product development.
Started by Rhitiman Majumder, Gaurav Mangla, Ankit Kaushik, Pickrr in 2015 Pickrr is an end-to-end plug-n-play logistics solution for e-commerce sellers and D2C brands which want to ship anything anywhere in India.
“Our aim is to create a brand that online sellers use for ‘anything and everything related to logistics’. This includes warehousing and fulfilment, cross border logistics, B2B logistics, and more.
“We are also planning to provide our tech solutions to aggregators and franchisees so that we can manage their shipments through a single end-to-end platform,” Pickrr co-founder Rhitiman Majumdar said.
Apoorv Gautam, India Head and COO of Guild Capital, said logistics in India is a highly unorganised market, ripe for technology-led disruption.
“We believe that Pickrr will pave the way for solving logistics-related challenges for a large number of e-commerce sellers at scale. We look forward to partnering with the Omidyar network team to support Pickrr in its growth journey and help realise its vision,” he added.