Pickrr Raises $12M In Series B Round Led By IIFL, Amicus Capital

• ByAyushi Ray     |    August 11, 2021

Logistics tech startup Pickrr raises $12M in Series B round led by IIFL, Amicus Capital. Their existing investors Omidyar Network India and Guild Capital also participated in this round. Rhitiman Majumder, Co-founder and CEO of Pickrr, said that this funding would now be used to strengthen technology, warehousing solutions, and expanding the leadership team. The company will also continue it’s  product development and R&D and expand its network of fulfilment centres across the country. He said the funding will also help Pickrr in moving towards creating a seamless end-to-end fulfilment offering for SMBs, including retailers, marketplace sellers, and D2C brands.  

“Pickrr’s vision is to make logistics fast and seamless. This infusion of capital has further strengthened our path to deliver simplified solutions. Using technology to drive logistics automation, we aim to reduce the delivery time for every ecommerce seller from an average of 5-6 days to 1-2 days.” Rhitiman said. This SaaS startup based in Gurugram was founded in 2015 by Rhitiman Majumdar, Gaurav Mangla, and Ankit Kaushik . Pickrr saw a 3x jump in daily orders in 2021 and the order volume on its platform continues to grow steadily. It uses the power of AI and ML to provide data-driven insights to more than 50,000 sellers on its platform. The company currently has about 25 delivery partners on board and offers shipping to 29,000+ pin codes and 220 destinations across the globe. Its one-click easy integration with over 25 partners like Amazon, Shopify, and WooCommerce make Pickrr a preferred ecommerce fulfillment platform for SMBs.

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