About Pico Xpress
Pico Xpress is a company based in Bengaluru (India) founded in 2023 by Aniruddha Gangopadhyay and Kamal Syal.. Pico Xpress has raised $3.72 million across 5 funding rounds from investors including Angel List, Enrission India Capital and Inuka Capital. The company has 30 employees as of July 31, 2025. Pico Xpress operates in a competitive market with competitors including Porter, GoGoX, MyDTDC, Pyck and V-Xpress, among others.
- Headquarter Bengaluru, India
- Employees 30 as on 31 Jul, 2025
- Founders Aniruddha Gangopadhyay, Kamal Syal
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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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 Pico Xpress Private Limited
- Date of Incorporation 15 Mar, 2023
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$503.94 K (USD)0as on Mar 31, 2024
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Net Profit
$-1.85 M (USD)0as on Mar 31, 2024
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EBITDA
$-1.84 M (USD)0as on Mar 31, 2024
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Total Equity Funding
$3.72 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
Angel List
& 17 more
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Employee Count
30
as on Jul 31, 2025
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Funding Insights of Pico Xpress
Pico Xpress has successfully raised a total of $3.72M across 5 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 Total Funding
- Total Rounds 5
- Last Round Last Round
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First Round
First Round
(28 Apr 2023)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Seed - Pico Xpress | Valuation |
investors |
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| Aug, 2024 | Amount | Seed - Pico Xpress | Valuation |
investors |
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| Apr, 2024 | Amount | Seed - Pico Xpress | Valuation |
investors |
| 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 Pico Xpress
Pico Xpress has secured backing from 18 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Angel List, Enrission India Capital and Inuka Capital. 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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Seed and early-stage investments are made across sectors in India.
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Founded Year | Domain | Location | |
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Venture capital investments and guidance for early-stage startups in technology and ecommerce sectors.
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Founded Year | Domain | Location | |
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Early-stage technology companies are invested in by Jj Family Office.
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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 Pico Xpress
| 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 - Pico Xpress
| 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 |
Pico Xpress Comparisons
Competitors of Pico Xpress
Pico Xpress 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 Porter, GoGoX, MyDTDC, Pyck and V-Xpress, 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 |
On-demand goods transportation and intercity courier services are provided.
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| domain | founded_year | HQ Location |
An app-based platform for on-demand goods transportation is operated.
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| domain | founded_year | HQ Location |
Offers an app for convenient door-to-door courier services to users.
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| domain | founded_year | HQ Location |
First-mile logistics services are provided on demand with free pickup.
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| domain | founded_year | HQ Location |
Offers logistics for parcel delivery, courier, and transport services in India.
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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 Pico Xpress
When was Pico Xpress founded?
Pico Xpress was founded in 2023.
Where is Pico Xpress located?
Pico Xpress is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Pico Xpress a funded company?
Pico Xpress is a funded company, having raised a total of $3.72M across 5 funding rounds to date. The company's 1st funding round was a Seed of $1.67M, raised on Apr 28, 2023.
How many employees does Pico Xpress have?
As of Jul 31, 2025, the latest employee count at Pico Xpress is 30.
What is the annual revenue of Pico Xpress?
Annual revenue of Pico Xpress is $503.94K as on Mar 31, 2024.
What does Pico Xpress do?
Pico Xpress was founded in 2023 in Bengaluru, India, as a logistics provider in the supply chain sector. Technology-driven solutions are offered for e-commerce, distribution, and omnichannel fulfillment. The platform supports integration, delivery, and tracking processes for B2C and B2B operations, including marketplace activities, across various business needs.
Who are the top competitors of Pico Xpress?
Who are Pico Xpress's investors?
Pico Xpress has 18 investors. Key investors include Angel List, Enrission India Capital, Inuka Capital, Veltis Capital, and Atul Garg.
What is Pico Xpress's valuation?
The valuation of Pico Xpress is $13.62M as of Apr 2024.