About Pickrr
Pickrr is a company based in Gurugram (India) founded in 2015 by Ankit Kaushik, Gaurav Mangla, and Rhitiman Majumder was acquired by Shiprocket in June 2022.. Pickrr has raised $16.36 million across 4 funding rounds from investors including Shiprocket, India Infoline and Pickrr. The company has 111 employees as of March 30, 2024. Pickrr offers products and services including eCommerce Shipping Solutions and Rocketbox.
- Headquarter Gurugram, India
- Employees 111 as on 30 Mar, 2024
- Founders Ankit Kaushik, Gaurav Mangla, Rhitiman Majumder
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsRetail
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Pickrr Technologies Private Limited
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$36.85 M (USD)49.25as on Mar 31, 2023
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Net Profit
$-12.63 M (USD)-99.86as on Mar 31, 2023
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EBITDA
$-12 M (USD)-94.62as on Mar 31, 2023
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Total Equity Funding
$16.36 M (USD)
in 4 rounds
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Latest Funding Round
$12 M (USD), Series B
Aug 11, 2021
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Investors
Shiprocket
& 20 more
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Employee Count
111
as on Mar 30, 2024
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Acquired by
Shiprocket
(Jun 15, 2022)
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Products & Services of Pickrr
Pickrr offers a comprehensive portfolio of products and services, including eCommerce Shipping Solutions and Rocketbox. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
eCommerce shipping is managed through AI-enabled dashboards and integrations for efficient order fulfillment and delivery.
B2B bulk shipping is facilitated with tech-enabled features for appointment-based deliveries and wide serviceability.
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Funding Insights of Pickrr
Pickrr has successfully raised a total of $16.36M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $12 million completed in August 2021. 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 Total Funding
- Total Rounds 4
- Last Round Series B — $12.0M
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First Round
First Round
(18 Nov 2015)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series B - Pickrr | Valuation | India Infoline , Amicus Capital Partners | |
| Sep, 2020 | Amount | Series A - Pickrr | Valuation | Guild Capital , Omidyar Network India | |
| Oct, 2016 | Amount | Seed - Pickrr | Valuation | Swastika |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Pickrr
Pickrr has secured backing from 21 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Shiprocket, India Infoline and Pickrr. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment services in financial services, consumer, healthcare, technology, and manufacturing sectors.
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Founded Year | Domain | Location | |
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Investments are made in digital society, education, and employability sectors.
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Founded Year | Domain | Location | |
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Incubator and tech focused early & growth stage VC firm investing primarily in the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Pickrr
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Pickrr
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pickrr Comparisons
Competitors of Pickrr
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pickrr
Frequently Asked Questions about Pickrr
When was Pickrr founded?
Pickrr was founded in 2015.
Where is Pickrr located?
Pickrr is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Pickrr?
Gaurav Mangla is the current CEO of Pickrr. They have also founded this company.
Is Pickrr a funded company?
Pickrr is a funded company, having raised a total of $16.36M across 4 funding rounds to date. The company's 1st funding round was a Seed of $164.21K, raised on Nov 18, 2015.
How many employees does Pickrr have?
As of Mar 30, 2024, the latest employee count at Pickrr is 111.
What is the annual revenue of Pickrr?
Annual revenue of Pickrr is $36.85M as on Mar 31, 2023.
What does Pickrr do?
Pickrr was founded in 2015 in Gurugram, India, within the logistics sector. AI-based management solutions are offered, including doorstep picking, packing, and courier services. An online platform is utilized by businesses to book shipping requirements, track shipments, and generate reports. Domestic and international shipping is supported, along with various pin codes for reverse logistics operations.
What products or services does Pickrr offer?
Pickrr offers eCommerce Shipping Solutions and Rocketbox.
Who are Pickrr's investors?
Pickrr has 21 investors. Key investors include Shiprocket, India Infoline, Pickrr, Swastika Investmart, and 360 One.
What is Pickrr's valuation?
The valuation of Pickrr is $40.1M as of Aug 2021.