Tag: Pickrr

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Business, News

Pickrr raises funding of Rs 85 crore ($12 Million) led by IIFL, Ananta Capital and Amicus Capital

Aug 11, 2021 by Rekha Nair 0 Comments #Ajith Nair, #Amit Mehta, #Badri Pillapakkam, #Co-founder and CEO, #Director at Amicus Capital, #Partner at Omidyar Network India, #Pickrr, #Principal at IIFL Private Equity, #Rhitiman Majumder

National: Pickrr, a SaaS based logistics-tech start-up providing complete logistics and warehousing solutions to small and medium businesses (SMBs), has raised $12Mn in Series B round led by IIFL, Amicus Capital and Ananta Capital. Existing investors Omidyar Network India and Guild Capital also participated in this round managed by Dexter Capital.

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 seamless end-to-end logistics and data-driven insights to 50,000+ sellers on its platform. The company currently offers shipping from and to 29,000+ pin codes in India and 220 destinations across the globe. Its one-click easy integration with over 25 online platforms like Amazon, Shopify and WooCommerce make Pickrr a preferred e-commerce fulfilment platform for SMBs.

The funding will continue to drive product development and expand its network of fulfilment centres across the country. Pickrr’s solutions will be able to help SMBs including retailers, marketplace sellers and D2C brands, to improve their delivery performance and inventory management.

Speaking on the development, Rhitiman Majumder, Co-Founder and CEO, Pickrr, said, “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 delivery time for every ecommerce seller from an average of 5-6 days to 1-2 days. With just one click access to our end-to-end logistics service, anyone from a small business to a D2C brand can set-up their e-commerce operations seamlessly. As more and more SMBs come online, the need for end-to-end logistics services like ours will grow rapidly, giving us a great opportunity to scale with our clients.”

Ajith Nair, Director at Amicus Capital said, “Delivery delight has become a key differentiator for D2C brands and online retailers today. Pickrr, with its focus on technology and execution, has enabled a number of consumer brands of different sizes to optimize their logistics operations to reach out to a larger market in a fast and cost-efficient manner. We are excited to join hands with the founders Rhitiman, Gaurav and Ankit, and the strong team that they have built, as they scale their network and apply technology to solve their customers’ logistics needs.”

Principal at IIFL Private Equity, Amit Mehta said, “As small businesses come online we believe that businesses like Pickrr which streamline the post checkout experience will have a multi-decade growth runway. The founders have focused on flawless execution and technology which has enabled Pickrr to distinguish itself. We are excited to partner with them as they create a great customer experience for small businesses coming online.”

Sharing his views, Badri Pillapakkam, Partner at Omidyar Network India, said “Logistics is the backbone of Indian e-commerce and a large employer of the Next Half Billion. Pickrr has perfected a model to serve the smallest of SMEs with delivery and warehousing solutions in an asset-light and profitable manner. This fund-raise is a validation of their growth, and will be used for providing new offerings to Pickrr’s clients, allowing them to compete against large e-commerce marketplaces. We are thrilled to continue backing a mission-aligned set of founders who are transforming the logistics landscape.”

Some of the clients on Pickrr’s platform include Emami, Oziva, Healthkart and Bellavita Organics. The company recently strengthened its foothold in the warehousing segment with the launch of Pickrr Plus – an intelligent warehousing/fulfilment solution to help sellers manage their inventory without investing in a physical warehousing space or expensive WMS solutions.

Pickrr
Business World

Pickrr joins forces with WhatsApp integrated eCommerce platform Bikayi to help SMB businesses grow

Jun 1, 2021 by Neel Achary 0 Comments #Pickrr

New Delhi, June 1st, 2021: After streamlining shipping for many Indian e-commerce sellers and D2C brands and recently introducing its intelligent warehousing/fulfillment solution to reduce their fixed logistics costs, India’s largest logistics & shipping software for e-commerce businesses Pickrr has partnered with WhatsApp integrated eCommerce platform, Bikayi to reach out to SMBs, especially from Tier II and Tier III cities. The association will enable the small merchants that are new to eCommerce, solve logistics-related issues and grow their online business.

Considering that e-commerce in the country, particularly in Tier II and Tier III cities largely runs on WhatsApp, Bikayi empowers the small offline merchants to create their online stores on it and gives them the right tools to manage it. The platform is currently assisting nearly 450K merchants from the SMB category in this process.

However, the major deterring factor that these small business owners tend to face on this platform is to deliver their products along with cost optimisation and customer satisfaction. Pickrr’s association with Bikayi will allow the SMB owners to get these stores online easily and access hassle-free shipping solutions.

Commenting on the collaboration, Sonakshi Nathani, co-founder, Bikayi, “We are elated to announce our partnership with Pickrr. In this process, we look forward to scaling the business and solving logistics related woes for all the SMBs associated with us. Selecting the best channel to deliver orders has been one of the most challenging factors that emerging local businesses face and with the seamless in-app logistics solution powered by Pickrr, we are confident to get this problem resolved”.

“We intend to create a brand that online sellers can use for everything related to logistics. This includes warehousing, fulfilment, cross-border logistics, B2B logistics among other aspects. We plan to provide our tech solutions to aggregators and franchisees so that we can manage their shipments through a single end-to-end platform. This partnership is going to help both the businesses grow together and help SMBs solve their problem as a whole,” said Rhitiman Majumder, Co Founder and CEO – Pickrr.

To further support SMBs from tier-2 and 3 cities, Pickrr has recently introducing order processing in 10+ regional languages including Hindi, Punjabi, Bangla, Tamil, Telugu, Urdu, Marathi and Gujarati, without any additional cost. The latest feature will empower the new age local business enablers, hyperlocal business aggregators, and individual hyperlocal applications to accept order details (customer name, address etc.) in their local languages. The platform is also working towards making its website and dashboard accessible in 100+ regional languages by the next month.

Pickrr gears up to fast-track eCommerce operations in India with its smart warehousing solution Pickrr Plus
Business World, News

Pickrr gears up to fast-track eCommerce operations in India with its smart warehousing solution Pickrr Plus

May 17, 2021 by Rekha Nair 0 Comments #Co-founder and CEO, #Pickrr, #Rhitiman Majumder

National: After revolutionising the way e-commerce sellers and D2C brands are shipping their products in India, India’s largest logistics & shipping software for e-commerce businesses Pickrr is now all set to resolve the warehousing woes that will help them grow their businesses exponentially. The logistics firm is rolling out its intelligent warehousing/fulfillment solution, Pickrr Plus to help sellers offer a better customer experience at a lower overall logistics cost, without investing in a physical warehousing space or expensive WMS solutions.

Until now, Pickrr has been streamlining the logistics solutions for eCommerce brands with its proprietary courier selection algorithm ‘Calcula’, which selects the best courier platforms for each pin code of India. This enables the seller to access the best delivery time. Now, by combining it with Pickrr Plus’s intelligent and dynamic allocation of inventory, the company will be able to reduce their overall logistics costs by 10-30% and the average delivery turnaround time by almost 20%. The platform will be storing the sellers’ products across multiple warehouses based our Pickrr’s internal analysis of 100+ data points across India and ship it to the consumers from there.

Commenting on introducing this game-changing development in the Indian logistics sphere, Rhitiman Majumder – Co Founder and CEO – Pickrr said, “India’s eCommerce industry has been witnessing a huge surge during this pandemic and there is significant room for future growth, which mean the sellers would require effective warehousing that helps in swifter movement of products within the system, which is essential for an enhanced customer experience. However, not every eCommerce business can invest in a proper warehouse space or expensive Warehouse management systems. Pickrr plus has been developed as a smart warehousing solution platform keeping all the pain points in mind. Our smart replenishment backed by data can help reduce the stock-outs and unutilised inventory at warehouses, resulting in increased revenue and declining inventory costs for the sellers. By leveraging Pickrr Plus combined withPickrr Smart Courier selection, the country’s eCommerce sellers and D2C brands will be able to successfully amplify their customer experience just like an eCommerce giant.”

Targeting both businesses selling in large volumes as well as those selling in smaller volumes, Pickrr Plus offers its warehouse/fulfillment services in a Pay-per-use model to help them reduce their fixed logistics/warehousing costs. This allows them to pay only when they ship.

Pickrr is an all-in-one solution for e-commerce businesses to manage their supply chains. The company works with the leading courier partners in the country, including Blue Dart, FedEx and more, to offer the best service to its customers.

Logistics Tech start-up Pickrr raises $4 million in funding in round led by Guild Capital and Omidyar Network India
News, Technology

Logistics Tech start-up Pickrr raises $4 million in funding in round led by Guild Capital and Omidyar Network India

Dec 17, 2020 by Rekha Nair 0 Comments #Apoorv Gautam, #Badri Pillapakkam, #co-Founder, #Guild Capital and Omidyar Network India, #India Head and COO of Guild Capital, #Omidyar Network India, #Partner, #Pickrr, #Pickrr Technologies Private limited, #Rhitiman Majumdar

New Delhi: Pickrr Technologies Private limited, a leading Indian logistics tech start-up, announced it has raised $4 million in funding in round led by Guild Capital and Omidyar Network India. Pickrr is an AI-enabled and cloud-based platform that automates shipping for businesses and provides seamless multi-channel order management solutions.  Having been bootstrapped by its founders, with support from angel investors, this is Pickrr’s first institutional raise. Boutique Investment Bank, Dexter Capital was the exclusive financial advisor for the transaction.

With one of the largest service footprints among SaaS based logistics providers, Pickrr serves 26,000 pincodes and handles 1.5 million shipments in a month. During this festive season, Pickrr’s volumes have grown over 400% year-on-year, which follows on from aggressive growth over the last 12 months.

Pickrr will use the investment to continue its market expansion and product development. The core of Pickrr’s technology remains its smart machine learning based algorithm called CALCULA which provides courier recommendations aimed at improving delivery performance.

Rhitiman Majumdar, Co-Founder, Pickrr, said, “We are delighted to be partnering with Guild Capital and Omidyar Network India. Our aim is to create a brand that online sellers use for ‘anything and everything related to logistics’. This includes- Warehousing & Fulfilment, Cross border Logistics, B2B Logistics, and more. We are also planning to provide our tech solutions to aggregators and franchisees so that we can manage their shipments through a single end to end platform. The company’s goal is to help become growth drivers to their sellers and not just logistics service providers. Pickrr also plans to enhance services that decrease the cost and the inconvenience of logistics while also helping them to increase revenues.”

Badri Pillapakkam, Partner, Omidyar Network India said, “Pickrr’s focus on helping small businesses get access to best-in-class logistics services resonates with our objective of helping every Indian realise the power of the internet. With Pickrr’s help, MSMEs are able to digitise their shipping workflow, lower their courier rates and most importantly improve efficiency of delivery, which results in greater revenue. Further, its smart pricing structure, allows for healthy margins in an otherwise low margin business. Pickrr’s partnerships across distribution networks and its comprehensive shipping solutions fit well with our ‘full-stack logistics solutions for MSMEs’ investment thesis, and we are excited to partner with Rhitiman, Gaurav and Ankit and help them scale to the next level.”

Apoorv Gautam, India Head and COO of Guild Capital, said, “Logistics in India is a highly unorganized market ripe for technology-led disruption. Pickrr’s unique SaaS platform is a full-stack logistics solution which provides smart order fulfillment and machine-learning based courier recommendations. We believe that Pickrr will pave the way for solving logistics-related challenges for a large number of e-commerce sellers at scale. We look forward to partnering with the Omidyar network team to support Pickrr in its growth journey and help realize its vision.”

With online shopping and ecommerce showing double digit growth, Pickrr aims to continue customer acquisition as a key driver of growth in the coming year.

Pickrr
Business World

Pickrr Helps Ecommerce Players Prepare for the Upcoming Festive Season

Oct 12, 2020 by Gouri Achary 0 Comments #B2B & B2C logistic courier aggregator, #festive season, #Pickrr, #Rhitiman, #Rhitiman Majumder

India’s leading B2B & B2C logistic courier aggregator is now offering a range of services for COVID-19 hit online sellers to help them recover in the following months.

Diwali is the most auspicious festivals of all, and it is also one of the highly celebrated seasons in the Ecommerce industries as customers look forward to the sales and offer it brings. The sales are high, and the delivery periods are often longer due to an upsurge in order volume.

Rhitiman Majumder, co-founder, Pickrr, suggests, “our real-time analytics and prediction system to pre-empt failures gives the best performance to sellers so that they can make the most out of this season. While the general time taken to deliver orders increases by as much as 20% is high demand seasons, we have retracted this rise to a mere 5% through our intelligent courier selection and real-time on-ground feedback in the past five years and will continue to do so.”

Pickrr has partnered with Delhivery, Ekart Logistics, Ecom Express, Dotzot, DTDC, XpressBees, FedEx and many more for its best-known delivery services.

For this year, Pickrr has curated customized offers for Diwali festival to help include local brands and small sellers deliver products to their customers. Rhitiman added, “this year has been tough for huge market players and for the smaller ones, it has been even tougher. We hope to provide multiple logistics options to these sellers, so they have more options to fall back upon.”

According to the Redseer report, the total predicted gross merchandising volume could hit $4 billion during the festive rush and this could very well be called the ‘Economy Kickstarter’ that India had been waiting for.

Pickrr’s festive offers include real-time performance report of all the partners so that sellers can switch easily; all-India coverage to deliver goods anywhere; single panel dashboard to manage everything related to logistics, from orders to finance; and an extended operations team to help sellers during Diwali so they can celebrate it peacefully.

For more, visit http://www.pickrr.com/.

Pickrr is a Delhi based virtual logistics company that was established by ISB & IIT alumni serving logistics needs of 5000+ sellers across India since 2015. The company has its own sustainable and scale-able reverse logistics model spread across all platforms (including Shopify, Unicommerce, Magento, Prestashop, Vinculum) and available across 26000+ pin codes through all national logistics provider.