About Pickingo
Pickingo is a Transportation, Automotive & Logistics company based in Gurugram (India) founded in 2014, and was acquired by Shadowfax in November 2015. Hyperlocal delivery services are provided for businesses in Delhi NCR. Pickingo has raised $1.45 million across 2 funding rounds from investors including Zomato, Shadowfax and Orios Venture Partners. The company has 1 employees. Pickingo was last valued at $3 million in May 2015. The company was acqui-hired. Its focus areas include Consumer, Logistics Tech, Parcel and Hyperlocal Delivery. Its legal entity in India is Pickingo Logixpress Private Limited (U74140DL2014PTC273590). Its competitors include Pikndel, VDeliver and Opinio; 3 of its 3 listed competitors have raised funding.
Company details
Pickingo is a Delhi NCR based company providing hyperlocal delivery services for businesses. It allows users to book deliveries using its web and mobile based platform. It uses real time machine learning system to monitor demand and shift riders to areas of scarcity. Has more than 300 restaurants, groceries and pharmacies on board. Services around 3,000 deliveries per day with a delivery strength of 300 people as of Aug 2015. Founders from IIT Kanpur, IIT Delhi, Jabong, Deloitte. Pickingo has been acqui-hired by Shadowfax.
- Headquarters Gurugram, India
- Employees 1
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Website pickingo.com
- Social LinkedIn X Facebook
- Acquired by Shadowfax (Nov 2015)
- Legal Name Pickingo Logixpress Private Limited
- Date of Incorporation 27 Nov, 2014
- Jurisdiction New Delhi, Delhi, India
Associated legal entities of Pickingo
Pickingo operates through Pickingo Logixpress Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Pickingo Logixpress Private Limited CIN U74140DL2014PTC273590 | Active | 27 Nov 2014 | New Delhi, Delhi | ₹0.0 Cr | 2 | View details |
Funding Insights of Pickingo
Pickingo has successfully raised a total of $1.45M across 2 strategic funding rounds. 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 $1.45M
- Total Rounds 2
- First Round $1.45M
(May 2015)
- Investors Count 4
All 2 funding rounds of Pickingo 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 2015 | Seed | – | – | ||
| May 2015 | $1.45M | Seed | $3M | Orios Venture Partners |
| Date | Valuation | Stage |
|---|---|---|
| May 2015 | $3M | •••••••• |
Last known valuation $3M (May 2015). 5 investors in total: 3 institutional and 2 angel.
Investors in Pickingo
Pickingo has secured backing from 5 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Zomato, Shadowfax and Orios Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on early-stage investments | 2013 | oriosvp.com | Mumbai, India | |
Online platform food ordering and delivery service | 2008 | zomato.com | Gurugram, India | |
ZH Zishaan Hayath | Founder of Toppr, active angel investor in Indian startups | unknown_ca39715be29e45ce9 | ||
AJ Abhishek Jain | Angel investor, ex-entrepreneur, focused on early-stage Indian startups | unknown_57493c94b64942ae9 | ||
Express delivery logistics solutions are provided for businesses and individuals. | 2015 | shadowfax.in | Bengaluru, India |
Investor details for Pickingo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Pickingo Logixpress Private Limited (Pickingo)
Pickingo Logixpress Private Limited is the primary company behind Pickingo. The board of Pickingo Logixpress Private Limited currently have 2 directors; the longest-serving is Atul Mittal, appointed in 2014. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Atul Mittal DIN 07006811 | Director | 27 Nov 2014 | 11 yrs 11 mo | Pickingo Logixpress Private Limited |
| Piyush Sharma DIN 06918825 | Director | 27 Nov 2014 | 11 yrs 11 mo | Pickingo Logixpress Private Limited |
Financials of Pickingo
Figures of Pickingo Logixpress Private Limited, the primary company behind Pickingo, for FY 2024. Net loss was -₹23,898 (-9107% margin). EBITDA was -₹23,898 (-9107% margin). Revenue has grown at a compounded annual rate of -82% over three years and -66% over five years.
- -₹23,898Net loss · -9107% margin
- -₹23,898EBITDA · -9107% margin
- ₹14.1 LakhPaid-up capital
- -82%Revenue CAGR, 3 years
- -66%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Pickingo Logixpress Private Limited are on its company page.
Detailed financial statements for Pickingo
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Pickingo
5 dated milestones of Pickingo across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Pickingo is founded.
- Funding First funding round of $1.5M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed,.
- Exit Acquired by Shadowfax.
Competitors of Pickingo
Pickingo has 3 listed competitors in our database, 3 of them funded. They include Pikndel, VDeliver and Opinio.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| pikndel.com | 2015 | Delhi, India | $1.45M | 15 | Shared dark store and delivery solutions are provided for e-commerce. | |
| vdeliver.in | 2011 | Hyderabad, India | $196,436 | 34 | Hyperlocal on-demand delivery services are facilitated via web platform. | |
| opinioapp.com | 2015 | Bengaluru, India | $8.3M | 40 | Tech-enabled last-mile delivery for food, groceries, and medicines is provided. |
Detailed competitors of Pickingo
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as Pickingo (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 Pickingo
Complete news archive for Pickingo
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Frequently Asked Questions about Pickingo
Pickingo was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Pickingo is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Pickingo is a funded company, having raised a total of $1.45M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.45M, raised on May 2015.
Pickingo has 1 employees.
Annual revenue of Pickingo is $1.46K as on Mar 31, 2020.
Pickingo is a Delhi NCR based company providing hyperlocal delivery services for businesses. It allows users to book deliveries using its web and mobile based platform. It uses real time machine learning system to monitor demand and shift riders to areas of scarcity. Has more than 300 restaurants, groceries and pharmacies on board. Services around 3,000 deliveries per day with a delivery strength of 300 people as of Aug 2015. Founders from IIT Kanpur, IIT Delhi, Jabong, Deloitte. Pickingo has been acqui-hired by Shadowfax.
Pickingo has 5 investors. Key investors include Zomato, Shadowfax, Orios Venture Partners, Zishaan Hayath, and Abhishek Jain.
The valuation of Pickingo is $3M as of May 2015.
Pickingo operates through Pickingo Logixpress Private Limited.
Yes. Pickingo was acquired by Shadowfax in November 2015.
The legal entities of Pickingo currently have 2 directors, including Atul Mittal, Piyush Sharma.