About Pico Xpress
Pico Xpress is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2023 by Aniruddha Gangopadhyay and Kamal Syal. AI-powered B2B parcel delivery services are provided to businesses. 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. Pico Xpress was last valued at $13.62 million in April 2024. Its Indian entity Pico Xpress Private Limited reported revenue of ₹4.17 Cr. Its focus areas include Consumer, Logistics Tech, Parcel and Hyperlocal Delivery. Its competitors include Porter, MyDTDC and Pyck; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Employees 30
- Founders Aniruddha Gangopadhyay, Kamal Syal
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website picoxpress.com
- Social LinkedIn
- Legal Name Pico Xpress Private Limited
- Date of Incorporation 15 Mar, 2023
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹4.17 Cr
FY 2024
- Net Loss-₹15.33 Cr
FY 2024 · -368% margin
- EBITDA-₹15.26 Cr
FY 2024 · -366% margin
- Total Equity Funding$3.72M (USD)
in 5 rounds
- InvestorsAngel List
& 17 more
- Employee Count30
Associated legal entities of Pico Xpress
Pico Xpress operates through Pico Xpress 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 |
|---|---|---|---|---|---|---|---|
| Pico Xpress Private Limited CIN U52219KA2023PTC171252 | Active | 15 Mar 2023 | Bangalore, Karnataka | ₹4.2 Cr | 32 | 2 | View details |
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 $3.72M
- Total Rounds 5
- First Round $604,400
(Apr 2023)
- Investors Count 18
All 5 funding rounds of Pico Xpress 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 |
|---|---|---|---|---|---|
| Jun 2025 | Seed | – | – | ||
| Aug 2024 | $243,419 | Seed | – | – | |
| Apr 2024 | $1.67M | Seed | $13.62M | – | |
| Jul 2023 | $1.2M | Seed | $9.54M | – | |
| Apr 2023 | $604,400 | Seed | $••••• | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2024 | $13.62M | •••••••• |
| Jul 2023 | $9.54M | •••••••• |
| Apr 2023 | $••••• | •••••••• |
Full valuation and stage history of Pico Xpress
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $13.62M (Apr 2024). 18 investors in total: 6 institutional and 12 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed and early-stage investments are made across sectors in India. | blume.vc | Mumbai, India | ||
Venture capital investments and guidance for early-stage startups in technology and ecommerce sectors. | 2023 | veltiscapital.com | Mumbai, India | |
Early-stage technology companies are invested in by Jj Family Office. | jjfamilyoffice.tcc.mode | Mumbai, India | ||
Productivity software for note-taking and collaboration services. | 2023 | inuka.vc | Mumbai, India | |
| 2016 | capital-enrissionindia.jp | |||
Alternative investment platform for startups and investors is operated. | 2010 | angellist.com | San Francisco, United States | |
AG Atul Garg | Angel investor and entrepreneur, co-founder of GRiD91, focused on early-stage startups | unknown_0be149e4e03a43d59 | ||
MM Mekin Maheshwari | Ex-CTO Flipkart, angel investor, founder of Udhyam Learning Foundation | unknown_183cf016f4ad4934b | ||
MJ Mani Jain | unknown_a0ba4565c84c443e9 | |||
KD Khorezad Dordi | unknown_18cd6673a5534e8c9 |
Investor details for Pico Xpress
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Board of directors of Pico Xpress Private Limited (Pico Xpress)
Pico Xpress Private Limited is the primary company behind Pico Xpress. The board of Pico Xpress Private Limited currently have 2 directors; the longest-serving is Aniruddha Gangopadhyay, appointed in 2023.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Aniruddha Gangopadhyay DIN 08693910 | Director | 15 Mar 2023 | 3 yrs 7 mo | Pico Xpress Private Limited |
| Kamal Syal DIN 10073288 | Director | 15 Mar 2023 | 3 yrs 7 mo | Pico Xpress Private Limited |
People of Pico Xpress
6 people are tracked at Pico Xpress (2 in leadership, 4 in team); the tracked headcount is 30.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
Mythrayan M | IT Manager | Team |
Sunny Jose | Building SCM / Commercial @pico Xpress | Team |
Hemanth Kumar | Manager | Team |
Simrunjeet Singh | Senior Data Analyst | Team |
Complete people profiles for Pico Xpress
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Financials of Pico Xpress
Figures of Pico Xpress Private Limited, the primary company behind Pico Xpress, for FY 2024. Revenue was ₹4.17 Cr. Net loss was -₹15.33 Cr (-368% margin). EBITDA was -₹15.26 Cr (-366% margin).
- ₹4.17 CrRevenue · FY 2024
- -₹15.33 CrNet loss · -368% margin
- -₹15.26 CrEBITDA · -366% margin
- ₹85.8 LakhPaid-up capital
- 32Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Pico Xpress Private Limited are on its company page.
Detailed financial statements for Pico Xpress
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Verified entity values are shown only after access is granted.
Timeline of Pico Xpress
4 dated milestones of Pico Xpress across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Pico Xpress is founded.
- Funding First funding round of $604K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed,.
Competitors of Pico Xpress
Pico Xpress has 3 listed competitors in our database, 1 of them funded. They include Porter, MyDTDC and Pyck.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| porter.in | 2014 | Bengaluru, India | $197.86M | 2,066 | On-demand goods transportation and intercity courier services are provided. | |
| mydtdc.in | 2022 | Bengaluru, India | 3,031 | Offers an app for convenient door-to-door courier services to users. | ||
| pyck.in | 2015 | Bengaluru, India | 128 | First-mile logistics services are provided on demand with free pickup. |
Detailed competitors of Pico Xpress
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Web traffic of Pico Xpress
The website of Pico Xpress (picoxpress.com) receives about 6.1K visits a month.
- Monthly visits6.1K
▲ 15379.7% vs previous month
Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as Pico Xpress (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 3.62 B | USD 2.46 B | 4,488 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.37 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 Pico Xpress
Complete news archive for Pico Xpress
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Frequently Asked Questions about Pico Xpress
Pico Xpress was founded in 2023.
Pico Xpress is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
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 $604.4K, raised on Apr 2023.
Pico Xpress has 30 employees.
The primary company behind Pico Xpress, Pico Xpress Private Limited, reported revenue of ₹4.17 Cr for FY 2024.
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.
Pico Xpress has 18 investors. Key investors include Angel List, Enrission India Capital, Inuka Capital, Veltis Capital, and Atul Garg.
The valuation of Pico Xpress is $13.62M as of Apr 2024.
Pico Xpress operates through Pico Xpress Private Limited.
The legal entities of Pico Xpress currently have 2 directors, including Aniruddha Gangopadhyay, Kamal Syal.