Delhi-based same-day delivery service company, Pikndel has secured $ 1 million in seed round funding.
This round was led by VC Grid, with additional backing from D2C Insider Angels, Breathe Capital, Venture Catalysts and more.
This investment comes after Pikndel’s $285K pre-seed funding round in December 2023, led by 100X.VC.
With this new funding, the company plans to scale up, enhance its technology, and expand its market presence. This investment positions them well to strengthen its logistics services in an increasingly competitive market.
About Pikndel:
Pikndel was founded in 2022 by Siddharth Batra and Tullika Batra. It aims to change logistics with its network of shared storage spaces and tech-powered delivery fleets.
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This startup has a network of shared storage facilities and a technology-powered last-mile delivery fleet. The company offers flexible delivery facilities from 1 hour to the next day, boosting customers’ experience.
Operating in a fast-growing market, with quick commerce projected to hit $10 billion by 2029, Pikndel enables streamlined deliveries. This allows brands to launch quick commerce services within just 72 hours, a major improvement over traditional setup time.
