100X.VC led $285K Pre-seed funding raised by same-day delivery platform Pikndel

The same-day delivery platform Pikndel has raised $285K in a pre-seed round of funding, with 100X.VC leading the round. Pradeep Desu, Shavdia Ventures, Flawless Company, and Anay Ventures were also involved in the round.

As per the press release, Pikndel, the company intends to use the funds for expanding its operations throughout India.

Pikndel, which was co-founded in 2022 by Teja Vadlamani, Siddharth Batra, and Tullika Batra, offers same-day delivery services for a range of e-commerce and direct-to-consumer brands. Vendors have the option to keep their goods in the shared dark stores of Pikndel. Additionally, the platform offers a range of flexible delivery schedules, from same-day delivery services from their own warehouses to four-hour delivery windows.

The Delhi-based business provides comprehensive solutions to maximize online sales. According to the company, same-day delivery services are currently offered through its dark stores in Bengaluru, Mumbai, and Delhi NCR.

100X.VC has raised over $72 million in funding from VC funds, HNIs, Angel Networks, and Family Offices, and has invested in over 140 startups to date.