Pikndel secures $285K in pre-seed round led by 100X VC, others

Pikndel, a quick commerce delivery platform has raised $285,000 (Rs 2.4 crore) in a pre-seed funding round led by 100X.VC. Anay Ventures, Flawless Company, Shavdia Ventures and Pradeep Desu also participated in the funding round.

The company plans to utilise the funds to fuel its expansion across India.

Pikndel was launched to empower direct-to-consumer and e-commerce brands achieve swift, cost-effective same-day deliveries, along with the facility of product storage via dark stores.

Commenting on the funding, Teja Vadlamani, co-founder of Pikndel in a statement 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.”

Ninad Karpe, founder at 100X.VC added, “With a team that is passionate about their business and a model that will disrupt the D2C and ecommerce industry, Pikndel is poised to make significant strides in the burgeoning quick delivery space.”

Co-founded in 2022 by Teja Vadlamani, Siddharth Batra, and Tullika Batra, Pikndel currently operates in in Delhi NCR, Mumbai, and Bengaluru.