About PIQYU
PIQYU is a company based in Hyderabad (India) founded in 2019 by Sundeep Manchala and Prashanth Reddy. PIQYU has raised $350.45 thousand across 3 funding rounds from investors including MiraiNxt and Nxt Discovery Fund. The company has 70 employees as of April 04, 2024. PIQYU offers products and services including Hyper-local Delivery Services, E-Commerce Services, Quick Commerce, and EV Fleet. PIQYU operates in a competitive market with competitors including Grab, Delhivery, Shadowfax, XpressBees and Dunzo, among others.
- Headquarter Hyderabad, India
- Employees 70 as on 04 Apr, 2024
- Founders Sundeep Manchala, Prashanth Reddy
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsRetail
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Phone
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Website
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Social
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- Legal Name Quiqup Innovations Private Limited
- Date of Incorporation 11 Feb, 2021
- Jurisdiction Shaikpet, Telangana, India
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Annual Revenue
$2.22 M (USD)627.03as on Mar 31, 2023
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Net Profit
-$114.06 K (USD)-1744.82as on Mar 31, 2023
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EBITDA
-$57.56 K (USD)-3034.32as on Mar 31, 2023
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Total Equity Funding
$350.45 K (USD)
in 3 rounds
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Latest Funding Round
$60.36 K (USD), Angel Round
Jul 06, 2024
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Investors
MiraiNxt
& 1 more
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Employee Count
70
as on Apr 04, 2024
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Products & Services of PIQYU
PIQYU offers a comprehensive portfolio of products and services, including Hyper-local Delivery Services, E-Commerce Services, Quick Commerce, and EV Fleet.
Platform for fast intra-city parcel and goods delivery services.
Solutions for order fulfillment and retail logistics management.
System for ultra-fast delivery of groceries and essentials.
Electric vehicle network for sustainable delivery operations.
People of PIQYU
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Funding Insights of PIQYU
PIQYU has successfully raised a total of $350.45K across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $60.36 thousand completed in July 2024. 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.
Investors in PIQYU
PIQYU has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include MiraiNxt and Nxt Discovery Fund.
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VC backed Accelerator Firm
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Investor details for PIQYU
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Investments & Acquisitions by PIQYU
Investment portfolio details for PIQYU
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Financial Statements - PIQYU
Detailed financials for PIQYU
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Piqyu Comparisons
Peer comparison for PIQYU
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Competitors of PIQYU
PIQYU 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 Grab, Delhivery, Shadowfax, XpressBees and Dunzo, among others.
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Ride-hailing and on-demand delivery services are aggregated via mobile app.
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Integrated logistics services including parcel delivery and warehousing are provided.
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Express delivery logistics solutions are provided for businesses and individuals.
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End-to-end logistics delivery and courier solutions are provided.
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Operates an on-demand hyperlocal delivery app for food and groceries.
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End-to-end distribution and logistics solutions are provided across industries.
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Detailed competitors of PIQYU
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Latest news on Piqyu
Complete news archive for PIQYU
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Frequently Asked Questions about PIQYU
PIQYU was founded in 2019 and raised its 1st funding round 3 years after it was founded.
PIQYU is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Prashanth Reddy is the current CEO of PIQYU. They have also founded this company.
PIQYU is a funded company, having raised a total of $350.45K across 3 funding rounds to date.
As of Apr 04, 2024, the latest employee count at PIQYU is 70.
Annual revenue of PIQYU is $2.22M as on Mar 31, 2023.
PIQYU was founded in 2019 in Hyderabad, India, within the logistics sector. Web-based 3PL services are offered through a platform designed for hyperlocal delivery management aimed at business operators. Shipments are monitored and tracked via an integrated dashboard. Core features include e-commerce logistics, inventory management, warehousing, fulfillment, mid-mile operations, and last-mile deliveries, supporting operational efficiency in the region.
PIQYU offers Hyper-local Delivery Services, E-Commerce Services, Quick Commerce, and EV Fleet.
PIQYU has 2 investors. Key investors include MiraiNxt, and Nxt Discovery Fund.
The valuation of PIQYU is $11.08M as of Jul 2024.