About Picksilk
Picksilk is a company based in Bengaluru (India) founded in 2015 by Manjula Gupta and Hareesh Vemala was acquired by Voonik in June 2016.. Picksilk operates in a competitive market with competitors including Fashor, Dressfolk, Suta, House of Chikankari and trueBrowns, among others.
- Headquarter Bengaluru, India
- Founders Manjula Gupta, Hareesh Vemala
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Sectors
Retail
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Phone
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Website
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Social
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- Legal Name Picksilk Ecommerce Private Limited
- Date of Incorporation 27 Apr, 2016
- Jurisdiction Bangalore, Karnataka, India
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Funding Insights of Picksilk
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Picksilk
Picksilk has secured backing from 1 investor. Prominent investors backing the company include Voonik. 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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Technology, logistics, and financing solutions are provided to businesses.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Picksilk
| 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 - Picksilk
| 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 |
Picksilk Comparisons
Competitors of Picksilk
Picksilk operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fashor, Dressfolk, Suta, House of Chikankari and trueBrowns, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Ethnic wear for women is offered via an internet-first brand.
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| domain | founded_year | HQ Location |
Handcrafted ethnic wear for women is offered online by Dressfolk.
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| domain | founded_year | HQ Location |
Online platform selling traditional Indian apparel and accessories.
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| domain | founded_year | HQ Location |
Hand-embroidered Chikankari apparel for men and women is provided.
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| domain | founded_year | HQ Location |
Women's apparel is offered through an internet-first brand.
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| domain | founded_year | HQ Location |
Ethnic wear for women is offered via an internet-first brand.
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| 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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Frequently Asked Questions about Picksilk
When was Picksilk founded?
Picksilk was founded in 2015.
Where is Picksilk located?
Picksilk is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
What does Picksilk do?
Picksilk was established in 2015 in Bengaluru, India, as an online platform specializing in ethnic wear. Silk sarees are curated from small artisans and weavers throughout India and offered for sale. Free shipping is extended across India, while paid options are available worldwide. Bulk orders are accommodated. The brand functions as a product of zakata.in and was acquired by Voonik in June 2016 for an undisclosed sum.
Who are the top competitors of Picksilk?
Picksilk's top competitors include Fashor, Dressfolk and House of Chikankari.
Who are Picksilk's investors?
Picksilk has 1 investor. Key investors include Voonik.