Pickrr Technologies Pvt. Ltd.

Pickrr Technologies Pvt. Ltd. is an innovative logistics company specializing in eCommerce shipping solutions, simplifying delivery processes for online businesses across India. Founded in 2015 and headquartered in Gurugram, India, Pickrr Technologies Pvt.

Ltd. focuses on delivering comprehensive logistics solutions. The company has undergone significant growth, securing an ADD-ON funding round led by Shiprocket, contributing to a total capital raised of USD 12. 00 mn.

The founders, Ankit Kaushik, Gaurav Mangla, and Shiron Grover, have a background in technology and logistics, with Gaurav Mangla currently serving as CEO. Pickrr has also engaged in five total deals, with its most recent deal occurring on June 15, 2022, when BigFoot Retail Solutions Pvt. Ltd. acquired Pickrr for USD 200.

00 mn in cash and stock. Pickrr offers a comprehensive suite of eCommerce logistics and shipping solutions aimed at optimizing delivery processes for online businesses in India. Their core product features an AI-enabled dashboard for seamless one-click integration with over 50 leading eCommerce platforms. Services include appointment-based delivery, extensive serviceability across 29,000 pincodes, and a network of warehouses ensuring rapid order fulfillment.

The company focuses on enhancing customer satisfaction by reducing return-to-origin (RTO) rates by up to 30% and optimizing shipping costs through sophisticated data analysis. In the most recent fiscal year 2023, Pickrr reported a revenue of USD 38. 15 mn, with an EBITDA of USD -12. 42 mn.

The company's revenue model is primarily subscription-based, allowing clients to access diverse logistics features, including daily cash-on-delivery (COD) remittance and integration capabilities. This transactional structure enhances operational efficiency and supports quick cash flow for clients through a fast remittance cycle for COD orders. Looking ahead, Pickrr plans to leverage recent funding to expand its logistics capabilities and enhance its service offerings. The company is developing new products aimed at improving user experience and operational efficiency, with specific launch dates yet to be announced.

Additionally, Pickrr is targeting expansion into new geographical markets to broaden its reach and client base, although specific regions have not been disclosed. The recent acquisition by BigFoot Retail Solutions will further support these initiatives by integrating a broader network of shipping partners and technology providers.