About Point Pickup
Point Pickup is a company based in Stamford (United States) founded in 2015 by Tom Fiorita.. Point Pickup has raised $31.5 million across 1 funding round from investors including Brown Brothers Harriman. Point Pickup has completed 1 acquisition, including GrocerKey. Point Pickup offers products and services including Enterprise Platform, Flex Worker App, and GigPoint. Point Pickup operates in a competitive market with competitors including Gopuff, Deliv, Courial, Buncha and Ride Local, among others.
- Headquarter Stamford, United States
- Founders Tom Fiorita
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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 Point Pickup Technologies, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$31.5 M (USD)
in 1 rounds
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Latest Funding Round
$31.5 M (USD), Series A
Oct 08, 2020
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Point Pickup
Point Pickup offers a comprehensive portfolio of products and services, including Enterprise Platform, Flex Worker App, and GigPoint. 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 managing retail orders from purchase to delivery
App for workers to handle same-day parcel deliveries
System for connecting flex workers to delivery opportunities
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Funding Insights of Point Pickup
Point Pickup has successfully raised a total of $31.5M through 1 strategic funding round. The most recent funding activity was a Series A round of $31.5 million completed in October 2020. 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 1
- Last Round Series A — $31.5M
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First Round
First Round
(08 Oct 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2020 | Amount | Series A - Point Pickup | Valuation | Brown Brothers Harriman |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Point Pickup
Point Pickup has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Brown Brothers Harriman. 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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Private equity investments are managed from a USA base.
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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 Point Pickup
Point Pickup has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include GrocerKey. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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eCommerce grocery solutions for businesses are provided.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Point Pickup
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Point Pickup Comparisons
Competitors of Point Pickup
Point Pickup 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 Gopuff, Deliv, Courial, Buncha and Ride Local, 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 |
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| domain | founded_year | HQ Location |
Online platform offering on-demand delivery services for food and groceries
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| domain | founded_year | HQ Location |
Last-mile delivery services are facilitated via an online platform.
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| domain | founded_year | HQ Location |
Offers an app-based platform providing on-demand delivery services
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| domain | founded_year | HQ Location |
On-demand delivery services are facilitated via an app-based platform.
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| domain | founded_year | HQ Location |
Provides a comprehensive app for efficient delivery services.
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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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Latest news on Point Pickup
Frequently Asked Questions about Point Pickup
When was Point Pickup founded?
Point Pickup was founded in 2015 and raised its 1st funding round 5 years after it was founded.
Where is Point Pickup located?
Point Pickup is headquartered in Stamford, United States. It is registered at Stamford, Connecticut, United States.
Who is the current CEO of Point Pickup?
Tom Fiorita is the current CEO of Point Pickup. They have also founded this company.
Is Point Pickup a funded company?
Point Pickup is a funded company, having raised a total of $31.5M across 1 funding round to date. The company's 1st funding round was a Series A of $31.5M, raised on Oct 08, 2020.
What does Point Pickup do?
Founded in 2015 and headquartered in Stamford, United States, Point Pickup operates in the logistics sector as an app-based platform for hyperlocal deliveries. Services are extended to both consumers and businesses, covering items such as groceries, liquor, general merchandise, and pharmacy products. Pickup details, timing, and drop-off locations are entered through the app, which is accessible on Android and iOS devices. Operations focus on efficient, short-distance fulfillment within local areas.
Who are the top competitors of Point Pickup?
What products or services does Point Pickup offer?
Point Pickup offers Enterprise Platform, Flex Worker App, and GigPoint.
How many acquisitions has Point Pickup made?
Point Pickup has made 1 acquisition, including GrocerKey.
Who are Point Pickup's investors?
Point Pickup has 1 investor. Key investors include Brown Brothers Harriman.
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