In a significant stride towards transforming the landscape of same-day delivery services, Pikndel, a burgeoning platform founded in 2022, has successfully raised $285,000 in a pre-seed funding round led by 100X.VC. The funding round also witnessed active participation from Anay Ventures, Flawless Company, Shavdia Ventures, and Pradeep Desu, signifying the collective enthusiasm for the platform’s innovative approach.
Pikndel, co-founded by Teja Vadlamani, Siddharth Batra, and Tullika Batra, offers a robust same-day delivery service catering to a diverse range of direct-to-consumer and e-commerce brands. One of the distinguishing features of Pikndel is its provision for sellers to store their products in shared dark stores, enabling a seamless and efficient delivery process. The platform further enhances flexibility by offering delivery timelines ranging from a remarkable four hours to the more conventional same-day delivery services directly from the seller’s warehouses.
As outlined in the company’s official press release, the infusion of $285,000 in pre-seed funding is earmarked for Pikndel’s strategic expansion plans across India. The Delhi-based startup is poised to leverage these funds to strengthen its presence in key markets and enhance its service offerings, positioning itself as a frontrunner in the rapidly evolving same-day delivery sector.
Pikndel’s current operational footprint extends across Delhi NCR, Mumbai, and Bengaluru, where it seamlessly executes same-day deliveries through its shared dark stores. The platform’s all-in-one solutions aim to optimize e-commerce operations for sellers and consumers, fostering a more streamlined and efficient delivery ecosystem.
The pivotal role played by 100X.VC in leading the pre-seed funding round underscores the investor’s confidence in Pikndel’s potential to disrupt the status quo in the same-day delivery domain. 100X.VC With a track record of investing in over 140 startups, VC has garnered over $72 million in funding from a diverse pool of venture capital funds, high net-worth individuals (HNIs), angel networks, and family offices.
As Pikndel embarks on this exciting growth phase, the synergy between its innovative approach and the strategic investment from 100X.VC and other participating entities are poised to accelerate the evolution of same-day delivery services in India. With a focus on scalability, efficiency, and customer satisfaction, Pikndel is well-positioned to reshape the future of last-mile logistics in the e-commerce landscape.
