Pikndel, a same-day delivery logistics technology company has raised $1 million in its seed funding round led by VC Grid, a syndicate fund. The funding round saw participation from several notable investors, including D2C Insider Angels, Breathe Capital and Venture Catalysts.
Prominent industry leaders such as Akash Gupta from Zypp, Keshav Bhajanka and Sanjay Agarwal from Century Plywood, and Kanishka Sethia from Western Carriers, along with renowned family offices from Kolkata also participated in the seed funding.
The funds raised will be used to expand and scale its operations while enhancing its technology infrastructure. The investment will also be used to strengthen its last-mile delivery capabilities and the development of additional service offerings for brand partners.
Siddharth Batra, Founder of PiknDel, said, “Today’s fast-paced business environment has transformed consumer expectations – speed is now paramount. Even with consistent SLAs, brands are seeing a surge in customer complaints about TAT, underscoring the growing demand for quicker, more efficient deliveries. To keep up with the fast-paced demands of quick commerce, setting up individual dark stores will fail to deliver the expected ROI for brands. That’s where Pikndel steps in. With our expansive network of shared dark stores and agile last-mile delivery solutions, we empower brands to launch quick-commerce services in less than 72 hours. Pikndel transforms the logistics challenges into a seamless, scalable opportunity, enabling brands to enter the quick commerce market swiftly and efficiently. The investment received will be pivotal in scaling up our expansion plans and increasing our presence in multiple cities, making quick commerce a ubiquitous option for our customers.”
Commenting on the investment, Vansh Oberoi, Managing Partner, VCGrid, said, “Pikndel’s innovative approach to quick commerce logistics addresses a critical gap in India’s rapidly evolving e-commerce landscape. Their shared dark store model not only makes quick commerce accessible to a broader range of brands but also ensures operational efficiency and scalability. With the quick commerce market expected to reach $10 billion by 2029, we are confident that Pikndel is strategically positioned to play a pivotal role in driving this growth. The founding team’s combined expertise in logistics operations and business strategy makes them perfectly suited to execute this vision. At Venture Catalysts, we are both excited and delighted to be a part of this growth story.”
Founded in 2022 by Siddharth Batra and Tullika Batra, Pikndel provides quick commerce delivery solutions (same-day delivery service) for D2C and e-commerce brands.
Pikndel has a strong network of shared dark stores and a tech-enabled last-mile fleet. The company also offer multiple delivery options ranging from 1-hour to next-day delivery, significantly enhancing customer experience while maintaining operational efficiency.
Pikndel operates in a rapidly expanding market, with quick commerce alone expected to reach $10 billion by 2029. The platform’s tech-enabled last-mile fleet ensures optimized delivery operations, allowing brands to launch quick commerce services within 72 hours, a significant improvement over traditional setup timelines.
