The fastest-growing same-day delivery service platform, Pikndel, secures $285K in a pre-seed funding round led by 100x.VC. 100X.VC was the first institutional investor to invest in the company. Post 100X.VC pitch day, notable contributors, including Anay Ventures, Flawless Company, Shavdia Ventures, Pradeep Desu, and other distinguished investors, have further invested in Pikndel. The capital raised will help the company reach one- step closer to its mission to revolutionize same-day deliveries in India.
Founded in 2022 by Teja Vadlamani, Siddharth Batra, and Tullika Batra, Pikndel is disrupting the logistics industry by empowering D2C brands to achieve swift, cost-effective deliveries. The company provides same-day delivery services for various leading D2C and e-commerce brands. Sellers can choose to store their products in Pikndel’s shared dark stores. Additionally, the platform provides flexible delivery timelines, ranging from four hours to same-day delivery services from their own warehouses.
Teja Vadlamani, Co-Founder and Chief Business Officer, Pikndel, said, “We take pride in being the fastest-growing quick commerce delivery partner. The investment received will be pivotal in our expansion plans as we intend to have a robust pan-India presence, making same-day deliveries a ubiquitous option for our customers. We are grateful to 100X.VC and other investors for their support and are bracing for progressive times ahead.”
Ninad Karpe, Founder & Partner, 100X.VC, said, “With a team that is passionate about their business and a model that will disrupt the D2C and e-commerce industry, Pikndel is poised to make significant strides in the burgeoning quick delivery space. As the first institutional investors in the company, we are delighted that they have received the required support to push them on the path of rapid growth.”
Pinkdel offers all-in-one solutions to optimize e-commerce operations. Currently providing same-day delivery services through its dark stores in Delhi NCR, Mumbai, and Bangalore, the platform has ambitious plans for expansion.
About 100X.VC
100X.VC is India’s first Venture Capital Fund to invest in early-stage startups using iSAFE (India Simple Agreement for Future Equity) Notes. 100X.VC is a SEBI Registered CAT I AIF, Investment Adviser and the first Institutional Investor in its portfolio companies. 100X.VC has so far invested in 140+ startups which have gone ahead and raised upwards of ~72 mn funding from VC funds, HNIs, Angel Networks and Family Offices.
