Indian on-demand delivery start-up Pickingo raises $1.3m

Pickingo, an Indian B2B on-demand hyperlocal logistics startup, has announced that it raised $1.3m in its latest funding round. The funding was led by Rehan Yar Khan of Orios Venture Partners, along with Zishaan Hayath, an early investor in Ola Cabs.

Founded in December 2014, Pickingo does reverse-pickups for large e-commerce players such as Jabong, Snapdeal and Shopclues across six cities. The company intends to expand to more than 20 cities by the end of the year.

More than 300 restaurants, groceries, and pharmacies have signed up for its on-demand delivery service including some large hyperlocal startups, the company said.

Pickingo reported that it has scaled up in the past four months to more than 100 on-roll employees. The company claimed that it currently services around 3,000 deliveries a day.