Pikndel, a logistics tech startup that focuses on fast delivery solutions for D2C and e-commerce brands, recently secured $1 million in seed funding. The funding round was led by VC Grid, a well-known venture syndicate. Other participants included D2C Insider Angels, Breathe Capital, and Venture Catalysts, along with industry leaders like Akash Gupta from Zypp and Keshav Bhajanka from Century Plywood. Additionally, several family offices from Kolkata invested in this round.
What is Pikndel?
Founded in 2022 by Siddharth Batra and Tullika Batra, Pikndel aims to transform logistics services through its network of shared dark stores and technology-enabled last-mile delivery solutions. The startup helps brands provide delivery options ranging from one-hour to next-day service, ensuring a better customer experience while keeping operations smooth and efficient.
Pikndel’s unique model merges efficient inventory management with fast delivery capabilities, allowing brands to launch quick-commerce services within just 72 hours.
Market Growth and Demand
Pikndel entered the market at a time when the demand for reliable logistics is rising, driven by India’s expanding e-commerce sector. The quick-commerce industry is predicted to grow to $10 billion by 2029, fueled by consumers’ desire for faster deliveries.
Pikndel’s shared dark store model is a cost-effective solution, helping brands set up quick-commerce services without the high costs of maintaining individual dark stores, which often struggle to achieve expected returns.
Leadership Comments
Siddharth Batra, co-founder of Pikndel, highlighted the shift in customer expectations, stating, “The fast-paced business environment has transformed consumer expectations. Pikndel’s shared dark stores and flexible last-mile solutions allow brands to enter the quick-commerce space quickly and efficiently.” He added that the recent funding would support the expansion of Pikndel across cities and enhance its last-mile delivery infrastructure.
Vansh Oberoi, managing partner at VC Grid, expressed his confidence in Pikndel’s vision, saying, “Pikndel’s innovative approach to quick commerce logistics fills a crucial gap in India’s evolving e-commerce market. Their model not only makes quick commerce accessible to more brands but also ensures it is scalable and efficient.”
With this new investment, Pikndel is poised to expand its reach and strengthen its role in India’s rapidly growing quick-commerce and logistics market.
