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
*********
- 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. 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.
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.
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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 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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Angel Round — $60,364
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First Round
First Round
(02 May 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Angel Round - PIQYU | Valuation |
investors |
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| Aug, 2023 | Amount | Seed - PIQYU | Valuation | Nxt Discovery Fund , MiraiNxt |
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| May, 2022 | Amount | Seed - PIQYU | Valuation |
investors |
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| 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 PIQYU
PIQYU has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include MiraiNxt and Nxt Discovery Fund. 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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Founded Year | Domain | Location | |
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VC backed Accelerator Firm
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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 PIQYU
| 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 - PIQYU
| 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 |
Piqyu Comparisons
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. 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 |
Ride-hailing and on-demand delivery services are aggregated via mobile app.
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| domain | founded_year | HQ Location |
Integrated logistics services including parcel delivery and warehousing are provided.
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| domain | founded_year | HQ Location |
Express delivery logistics solutions are provided for businesses and individuals.
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| domain | founded_year | HQ Location |
End-to-end logistics delivery and courier solutions are provided.
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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| domain | founded_year | HQ Location |
End-to-end distribution and logistics solutions are provided across industries.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 PIQYU
When was PIQYU founded?
PIQYU was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is PIQYU located?
PIQYU is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of PIQYU?
Prashanth Reddy is the current CEO of PIQYU. They have also founded this company.
Is PIQYU a funded company?
PIQYU is a funded company, having raised a total of $350.45K across 3 funding rounds to date. The company's 1st funding round was a Seed of $169.24K, raised on May 02, 2022.
How many employees does PIQYU have?
As of Apr 04, 2024, the latest employee count at PIQYU is 70.
What is the annual revenue of PIQYU?
Annual revenue of PIQYU is $2.22M as on Mar 31, 2023.
What does PIQYU do?
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.
Who are the top competitors of PIQYU?
What products or services does PIQYU offer?
PIQYU offers Hyper-local Delivery Services, E-Commerce Services, Quick Commerce, and EV Fleet.
Who are PIQYU's investors?
PIQYU has 2 investors. Key investors include MiraiNxt, and Nxt Discovery Fund.
What is PIQYU's valuation?
The valuation of PIQYU is $11.08M as of Jul 2024.
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