Logistics and supply chain company Pickrr witnessed an approximate two-fold revenue surge to Rs 306.45 crore in FY23. It saw over Rs 300 crore from operations contributing to the total revenue. It previously saw more than Rs 200 crore coming in from operations in FY22.
Gurugram-based Pickrr was established by Gaurav Mangla, Ankit Kaushik, and Rhitiman Majumder as an end-to-end SaaS based logistics solution to facilitate business vendors ship their products to the customers across the globe.
Its losses amounted to Rs 105 crore in FY23, a 2X rise as compared to the preceding year. Its ROCE stood at a positive 172.63% while the EDBITA stood at -32.48%.
The company’s expenses grew 60% as opposed to the previous fiscal year’s Rs 256.8 crore. It spent over 21% of its total expenses on employee benefits and a little over 4% on legal and professional charges. In its previous fiscal year, the company spent over 185 of its total expenses on employee benefits and close to 2% on legal and professional charges.
Pickrr has raised a total of Rs 120.97 crore in over 4 funding rounds. Its latest funding was raised on Aug 2021 from a Series B round which saw India Infoline, Amicus Capital Partners, and Ananta Capital as the lead investors.
The three founders hold equal shares in the company while investors Amicus Capital and Omidyar Network hold over 8% and 12% respectively.
It is currently up against the likes of Rocketflow, Eshopbox, Rivigo, and Ecom Express.