About Pikkol
Pikkol is a company based in Bengaluru (India) founded in 2014 by Jayaram Kasi Visweswaran was acquired by Hybrid Shifting in September 2023.. Pikkol has raised $2.63 million across 6 funding rounds from investors including Pescafresh, Texport and Shringar Films. The company has 38 employees as of April 06, 2024. Pikkol offers products and services including Packers and Movers, House Shifting, Vehicle Shifting, Hire a Mini Truck, and Storage Facility. Pikkol operates in a competitive market with competitors including HappyLocate, AirAttix, EZMove, Shiftkarado and MovingNow, among others.
- Headquarter Bengaluru, India
- Employees 38 as on 06 Apr, 2024
- Founders Jayaram Kasi Visweswaran
- 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 Rednile Innovations Private Limited
- Date of Incorporation 24 Dec, 2014
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$4.42 M (USD)128.5as on Mar 31, 2023
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Net Profit
$-1.11 M (USD)-311.91as on Mar 31, 2023
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EBITDA
$-1.05 M (USD)-430.7as on Mar 31, 2023
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Total Equity Funding
$2.63 M (USD)
in 6 rounds
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Latest Funding Round
$181.07 K (USD), Angel Round
May 23, 2023
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Investors
Pescafresh
& 110 more
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Employee Count
38
as on Apr 06, 2024
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Acquired by
Hybrid Shifting
(Sep 06, 2023)
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Products & Services of Pikkol
Pikkol offers a comprehensive portfolio of products and services, including Packers and Movers, House Shifting, Vehicle Shifting, Hire a Mini Truck, and Storage Facility. 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.
Service for secure packing and transportation of household items.
Assists in relocating homes across cities with professional support.
Handles vehicle transport between locations safely.
Provides truck rental for personal or business moving needs.
Offers secure storage solutions for temporary item holding.
Funding Insights of Pikkol
Pikkol has successfully raised a total of $2.63M across 6 strategic funding rounds. The most recent funding activity was a Angel Round round of $181.07 thousand completed in May 2023. 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 6
- Last Round Angel Round — $181,068
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First Round
First Round
(03 Apr 2015)
- Investors Count 110
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Angel Round - Pikkol | Valuation |
investors |
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| Mar, 2022 | Amount | Series A - Pikkol | Valuation |
investors |
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| Apr, 2020 | Amount | Seed - Pikkol | 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 Pikkol
Pikkol has secured backing from 111 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Pescafresh, Texport and Shringar Films. 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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Early-stage investments and consulting services for startups in the US and India.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage investments in technology companies
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Founded Year | Domain | Location | |
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Angel investor network investing in early-stage startups
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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 Pikkol
| 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 - Pikkol
| 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 |
Pikkol Comparisons
Competitors of Pikkol
Pikkol 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 HappyLocate, AirAttix, EZMove, Shiftkarado and MovingNow, 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 |
Relocation services for households, pets, and corporations are provided.
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| domain | founded_year | HQ Location |
Rental-based parking services are provided for users in India.
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| domain | founded_year | HQ Location |
Online marketplace to book relocation services
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| domain | founded_year | HQ Location |
Relocation services are booked and managed via an online platform.
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| domain | founded_year | HQ Location |
Online marketplace for relocation services
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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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Latest news on Pikkol
Frequently Asked Questions about Pikkol
When was Pikkol founded?
Pikkol was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Pikkol located?
Pikkol is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Pikkol a funded company?
Pikkol is a funded company, having raised a total of $2.63M across 6 funding rounds to date. The company's 1st funding round was a Seed of $66.27K, raised on Apr 03, 2015.
How many employees does Pikkol have?
As of Apr 06, 2024, the latest employee count at Pikkol is 38.
What is the annual revenue of Pikkol?
Annual revenue of Pikkol is $4.42M as on Mar 31, 2023.
What does Pikkol do?
Pikkol was established in 2014 in Bengaluru, India, within the relocation sector. An online platform is operated for booking moving services, where quotes are automatically calculated. Residential moving and packing options are provided, alongside automotive transport. Services are managed to support individuals and businesses in the region, with a focus on streamlined logistics.
Who are the top competitors of Pikkol?
Pikkol's top competitors include HappyLocate, AirAttix and Shiftkarado.
What products or services does Pikkol offer?
Pikkol offers Packers and Movers, House Shifting, Vehicle Shifting, Hire a Mini Truck, and Storage Facility.
Who are Pikkol's investors?
Pikkol has 111 investors. Key investors include Pescafresh, Texport, Shringar Films, Konglo Ventures, and Texport Industries.
What is Pikkol's valuation?
The valuation of Pikkol is $16.36M as of May 2023.