What is Pickingo?
Pickingo operates as a B2B hyperlocal delivery platform, designed to serve neighborhood stores by managing their delivery logistics. The service aims to streamline operations for merchants by seamlessly integrating with their existing platforms, thereby enhancing their delivery capabilities and reach within their local areas. This focus on operational efficiency positions Pickingo as a key enabler for small and medium-sized businesses in the retail sector looking to optimize their last-mile delivery.
How much funding has Pickingo raised?
Pickingo has raised a total of $1.3M across 1 funding round:
Private Equity
$1.3M
Private Equity (2015): $1.3M with participation from Orios Venture Partners
Key Investors in Pickingo
Orios Venture Partners
Orios Venture Partners is an early-stage venture capital fund in India that focuses on backing innovators in the technology sector, investing across B2C, B2B, software, and hardware spaces. They provide strategic support to their portfolio companies.
What's next for Pickingo?
With the backing of major enterprise-level funding, Pickingo is poised for significant expansion and enhancement of its delivery infrastructure. The company's strategic objective is likely to broaden its merchant network and deepen its technological integration capabilities. Future investments may focus on scaling operations to new geographical markets, refining its logistics technology for greater efficiency, and potentially exploring new service verticals within the hyperlocal delivery space. This capital infusion signals strong investor confidence in Pickingo's business model and its potential to capture a substantial share of the growing B2B delivery market.
See full Pickingo company page
