Logistics tech startup Pikndel raises $1 million in a seed round led by VC Grid, others

Pikndel, a logistics technology startup transforming quick commerce delivery solutions for D2C and e-commerce brands, has raised $1 million in a seed funding round led by venture syndicate VC Grid.

The round also saw participation from D2C Insider Angels, Breathe Capital, Venture Catalysts, and prominent industry leaders, including Akash Gupta from Zypp and Keshav Bhajanka from Century Plywood.

Several influential family offices from Kolkata also participated in the round.

What does Pikndel do?

Founded in 2022 by Siddharth Batra and Tullika Batra, Pikndel aims to transform logistics with its network of shared dark stores and tech-enabled last-mile fleets.

The startup provides brands with multiple delivery options, from one-hour to next-day delivery, significantly enhancing customer experience while maintaining operational efficiency.

Pikndel’s model combines inventory management efficiency with fast, flexible delivery capabilities that allow brands to launch quick commerce services within 72 hours.

Market growth and demand

Pikndel’s entry into the market comes amid rising demand for efficient logistics in India’s booming e-commerce sector. The quick-commerce industry is anticipated to grow to $10 billion by 2029, driven by increased consumer expectations for faster deliveries.

The startup's shared dark store model allows brands to set up quick-commerce offerings more affordably than traditional individual dark stores, which often fall short of delivering expected ROI in today’s competitive landscape.

Leadership comments

 “The fast-paced business environment has transformed consumer expectations,” Batra said. “To meet this, Pikndel’s shared dark stores and agile last-mile solutions enable brands to enter the quick-commerce market swiftly and efficiently," Siddharth Batra said.

Batra also noted that the recent investment will support Pikndel’s expansion across multiple cities and strengthen its last-mile delivery infrastructure.

Vansh Oberoi, managing partner of VC Grid, expressed strong support for Pikndel’s potential to address market needs. “Pikndel’s innovative approach to quick commerce logistics addresses a critical gap in India’s rapidly evolving e-commerce landscape,” Oberoi said.

“Their model not only makes quick commerce accessible to a broader range of brands but also ensures operational efficiency and scalability.”