About GoPigeon
GoPigeon is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2015, and was acquired by Narvar in August 2017. On-demand first mile logistics service and courier aggregation marketplace. GoPigeon has raised $1.5 million across 1 funding round from investors including Narvar and Nexus Venture Partners. The company has 48 employees. Its Indian entity Balodis Technologies Private Limited reported revenue of ₹3.86 Cr. The company was acqui-hired. Its focus areas include Consumer, Logistics Tech, Ecommerce Logistics and End to End Delivery Services. Its competitors include Delhivery, XpressBees and Prozo; 3 of its 3 listed competitors have raised funding.
Company details
GoPigeon, re-branded from PiGen, is an app based platform which provides on-demand first mile logistics service which includes free pickup from home or office, packaging and shipping services for goods under 10kgs. Customer needs to send pictures of the item to be shipped and the team takes care of the packaging and shipping of the products. Offers its services in Bangalore only as of Feb 2016. Got acquired by Narvar in Aug17.
- Headquarters Bengaluru, India
- Employees 48
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website gopigeon.in
- Social LinkedIn X Facebook
- Acquired by Narvar (Aug 2017)
- Legal Name Balodis Technologies Private Limited
- Date of Incorporation 06 Aug, 2015
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of GoPigeon
GoPigeon operates through Balodis Technologies Private Limited (dissolved under section 54). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2018) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Balodis Technologies Private Limited CIN U74900KA2015PTC082070 | Dissolved Under Section 54 | 06 Aug 2015 | Bangalore, Karnataka | ₹3.9 Cr | 48 | 2 | View details |
Funding Insights of GoPigeon
GoPigeon has successfully raised a total of $1.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.5 million completed in September 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.5M
- Total Rounds 1
- Last Round Seed — $1.5M
- First Round $1.5M
(Sep 2016)
- Investors Count 1
All 1 funding rounds of GoPigeon with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2016 | $1.5M | Seed | – | – |
2 investors in total: 2 institutional.
Investors in GoPigeon
GoPigeon has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Narvar and Nexus Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm that partners with entrepreneurs for product-first companies. | 2006 | nexusvp.com | Menlo Park, United States | |
Provider of post-purchase software solutions for retailers | 2012 | narvar.com | San Mateo, United States |
Investor details for GoPigeon
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Board of directors of Balodis Technologies Private Limited (GoPigeon)
Balodis Technologies Private Limited is the primary company behind GoPigeon. The board of Balodis Technologies Private Limited currently have 2 directors; the longest-serving is Yeshu Surendra Singh, appointed in 2015.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Yeshu Surendra Singh DIN 07229847 | Director | 06 Aug 2015 | 11 yrs 3 mo | Balodis Technologies Private Limited |
| Deovrat Singh DIN 07203170 | Director | 06 Aug 2015 | 11 yrs 3 mo | Balodis Technologies Private Limited |
Financials of GoPigeon
Figures of Balodis Technologies Private Limited, the primary company behind GoPigeon, for FY 2018. Revenue was ₹3.86 Cr (-74% year on year). Net profit was ₹2 Lakh (1% margin). EBITDA was ₹7.3 Lakh (2% margin).
- ₹3.86 CrRevenue · FY 2018 · -74% YoY
- ₹2 LakhNet profit · 1% margin
- ₹7.3 LakhEBITDA · 2% margin
- ₹7.8 LakhPaid-up capital
- 48Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Balodis Technologies Private Limited are on its company page.
Detailed financial statements for GoPigeon
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of GoPigeon
3 dated milestones of GoPigeon across 2 years, from founding to its latest funding, stage changes and deals.
- Founded GoPigeon is founded.
- Funding First funding round of $1.5M.
- Exit Acquired by Narvar.
Competitors of GoPigeon
GoPigeon has 3 listed competitors in our database, 3 of them funded. They include Delhivery, XpressBees and Prozo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| delhivery.com | 2011 | Gurugram, India | $1.25B | 24,439 | Integrated logistics services including parcel delivery and warehousing are provided. | |
| xpressbees.com | 2015 | Pune, India | $355.69M | 26 | End-to-end logistics delivery and courier solutions are provided. | |
| prozo.com | 2014 | Gurugram, India | $19.98M | 1,118 | Online platform offering wholesale and business-focused e-commerce solutions |
Detailed competitors of GoPigeon
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Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as GoPigeon (Logistics Technology & Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.51 B | 4,488 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.56 B | USD 1.12 B | 23,536 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 |
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Related news about Gopigeon
Complete news archive for GoPigeon
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Frequently Asked Questions about GoPigeon
GoPigeon was founded in 2015 and raised its 1st funding round 1 year after it was founded.
GoPigeon is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
GoPigeon is a funded company, having raised a total of $1.5M across 1 funding round to date. The company's 1st funding round was a Seed of $1.5M, raised on Sep 2016.
GoPigeon has 48 employees.
The primary company behind GoPigeon, Balodis Technologies Private Limited, reported revenue of ₹3.86 Cr for FY 2018, down 74% year on year.
GoPigeon, re-branded from PiGen, is an app based platform which provides on-demand first mile logistics service which includes free pickup from home or office, packaging and shipping services for goods under 10kgs. Customer needs to send pictures of the item to be shipped and the team takes care of the packaging and shipping of the products. Offers its services in Bangalore only as of Feb 2016. Got acquired by Narvar in Aug17.
GoPigeon's top competitors include Delhivery, XpressBees and Prozo.
GoPigeon has 2 investors. Key investors include Narvar, and Nexus Venture Partners.
GoPigeon operates through Balodis Technologies Private Limited.
Yes. GoPigeon was acquired by Narvar in August 2017.
The legal entities of GoPigeon currently have 2 directors, including Yeshu Surendra Singh, Deovrat Singh.