PIQYU

Hyderabad, India Founded: 2019 • Age: 7 yrs Minicorn
Web-enabled 3PL services are provided for hyperlocal delivery management.
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About PIQYU

PIQYU is a Transportation, Automotive & Logistics company based in Hyderabad (India) founded in 2019 by Sundeep Manchala and Prashanth Reddy. Web-enabled 3PL services are provided for hyperlocal delivery management. It operates in the Transportation, Automotive & Logistics and Retail sectors. PIQYU has raised $350.45 thousand across 3 funding rounds from investors including MiraiNxt and Nxt Discovery Fund. The company has 70 employees. PIQYU was last valued at $11.08 million in July 2024. Its chief executive, as recorded, is Prashanth Reddy. Its Indian entity Quiqup Innovations Private Limited reported revenue of ₹25.37 Cr. PIQYU offers products and services including Hyper-local Delivery Services, E-Commerce Services, Quick Commerce, and EV Fleet. Its focus areas include Consumer, Logistics Tech, Parcel and Hyperlocal Delivery. Its competitors include Delhivery, Shadowfax and XpressBees; 3 of its 3 listed competitors have raised funding.

Company details

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.

Operational Areas
Transportation, Automotive & Logistics → Logistics Technology & Platforms
Retail → E-Commerce Enablers & Infrastructure
Key Metrics
  • Annual Revenue
    ₹25.37 Cr

    FY 2024 · +38% YoY

  • Net Loss
    -₹1.72 Cr

    FY 2024 · -7% margin

  • EBITDA
    -₹1.52 Cr

    FY 2024 · -6% margin

  • Total Equity Funding
    $350.45K (USD)

    in 3 rounds

  • Latest Funding Round
    $60.36K (USD), Angel Round

    Jul 2024

  • Investors
    MiraiNxt

    & 1 more

  • Employee Count
    70

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.

Hyper-local Delivery Services
Logistics

Platform for fast intra-city parcel and goods delivery services.

E-Commerce Services
E-commerce

Solutions for order fulfillment and retail logistics management.

Quick Commerce
Delivery Platform

System for ultra-fast delivery of groceries and essentials.

EV Fleet
Transportation

Electric vehicle network for sustainable delivery operations.

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.

  • Total Funding $350,447
  • Total Rounds 3
  • Last Round Angel Round — $60,364
  • First Round $169,237

    (May 2022)

  • Investors Count 2

All 3 funding rounds of PIQYU with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jul 2024$60,364Angel Round$11.08M–
–
Aug 2023$120,846Seed$1.33MNxt Discovery Fund, MiraiNxt
–
May 2022$169,237Seed$•••••–
–
Valuation history
DateValuationStage
Jul 2024$11.08M••••••••
Aug 2023$1.33M••••••••
May 2022$•••••••••••••
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Full valuation and stage history of PIQYU

Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.

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Last known valuation $11.08M (Jul 2024). 2 investors in total: 2 institutional.

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.

All
Venture Fund
InvestorDescriptionFounded YearDomainLocation
Nxt Discovery Fund
nxtdiscoveryfund.tcc.mode
MiraiNxt
VC backed Accelerator Firm
2021mirainxt.comHyderabad, India
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Investor details for PIQYU

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Board of directors of Quiqup Innovations Private Limited (PIQYU)

Quiqup Innovations Private Limited is the primary company behind PIQYU. The board of Quiqup Innovations Private Limited currently have 2 directors; the longest-serving is Sundeep Manchala, appointed in 2021. 2 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Sundeep Manchala
DIN 09064384
Director11 Feb 20215 yrs 8 moQuiqup Innovations Private Limited
Neeruganti Prasanth Reddy
DIN 06832824
Whole-time director04 Dec 20214 yrs 10 moQuiqup Innovations Private Limited

People of PIQYU

4 people are tracked at PIQYU (3 in leadership, 1 in team); the tracked headcount is 70.

NameRoleGroup
Sundeep Manchala
Co-FounderLeadership
Prashanth Reddy
Co-Founder & CEOLeadership
Tabrez Ahmed
North Operation HeadLeadership
Nandeep Reddy
Assistant ManagerTeam
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Financials of PIQYU

Figures of Quiqup Innovations Private Limited, the primary company behind PIQYU, for FY 2024. Revenue was ₹25.37 Cr (+38% year on year). Net loss was -₹1.72 Cr (-7% margin). EBITDA was -₹1.52 Cr (-6% margin).

  • ₹25.37 CrRevenue · FY 2024 · +38% YoY
  • -₹1.72 CrNet loss · -7% margin
  • -₹1.52 CrEBITDA · -6% margin
  • ₹1.3 LakhPaid-up capital
  • 70Employees (provident fund records)

Balance sheet, profit and loss, cash flow and ratios of Quiqup Innovations Private Limited are on its company page.

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Detailed financial statements for PIQYU

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Timeline of PIQYU

4 dated milestones of PIQYU across 5 years, from founding to its latest funding, stage changes and deals.

  1. Founded PIQYU is founded.
  2. Funding First funding round of $169K.
  3. Milestone Reaches Minicorn status.
  4. Funding Latest funding round, Angel Round, of $60K.

Competitors of PIQYU

PIQYU has 3 listed competitors in our database, 3 of them funded. They include Delhivery, Shadowfax and XpressBees.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Delhivery
delhivery.com2011Gurugram, India$1.25B24,439
Integrated logistics services including parcel delivery and warehousing are provided.
Shadowfax
shadowfax.in2015Bengaluru, India$246.8M3,562
Express delivery logistics solutions are provided for businesses and individuals.
XpressBees
xpressbees.com2015Pune, India$355.69M26
End-to-end logistics delivery and courier solutions are provided.
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Detailed competitors of PIQYU

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Verified entity values are shown only after access is granted.

Top companies in Logistics Technology & Platforms

3 companies that operate in the same segment as PIQYU (Logistics Technology & Platforms) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Swiggy
Food and grocery items are ordered via an online network.
2014Bengaluru, Karnataka, IndiaUSD 3.62 BUSD 2.46 B4,488
Delhivery
Integrated logistics services including parcel delivery and warehousing are provided.
2011Gurugram, Haryana, IndiaUSD 1.37 BUSD 1.12 B23,536
Shiprocket
E-commerce tools for shipping, marketing, and financial services are provided.
2012Gurugram, Haryana, IndiaUSD 321.57 MUSD 135.47 M915
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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 CEO of PIQYU, as recorded in our data. They have also founded this 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 2022.

PIQYU has 70 employees.

The primary company behind PIQYU, Quiqup Innovations Private Limited, reported revenue of ₹25.37 Cr for FY 2024, up 38% year on year.

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's top competitors include Delhivery, Shadowfax and XpressBees.

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.

PIQYU operates through Quiqup Innovations Private Limited.

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