Same-day delivery service platform, Pikndel, secured $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 investors, have further invested in Pikndel, as per the statement issued by the start-up.  

The company said that the raised capital will be used to widen its operations and enhance the service of 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 warehouses. 

Teja Vadlamani, co-founder and chief business officer of Pikndel, said, “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 and 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 expansion plans.