PIQYU

PIQYU

Offers web-enabled 3PL services

Founded

2019

Headquarters

Hyderabad (India)

Status

Seed

Company Details

Website

Socials

Email

Phone

799 799 9409

PIQYU is a rapidly growing 3PL (third-party logistics) and last-mile delivery service provider. PIQYU has quickly emerged as a key player in the logistics and supply chain industry, offering comprehensive logistics solutions across PAN India. The company serves a diverse clientele, including major e-commerce, food, grocery, and healthcare brands such as Zepto, Meesho, Big Basket, and Amazon.

Core Products and Services

  • Last-Mile & Hyperlocal Delivery: Fast, secure, and convenient delivery solutions tailored for e-commerce, grocery, food, healthcare, and pharmacy sectors.

  • E-commerce Logistics & Reverse Logistics: End-to-end logistics management, including returns and exchanges for online retailers.

  • Warehouse Management & On-Demand Warehousing: Flexible, scalable storage and fulfillment solutions for D2C brands and e-commerce merchants, supported by digital automation and API integration.

  • Dark Store Setup & Inventory Management: Enabling brands to optimize local inventory and achieve rapid fulfillment.

  • Mid-Mile Delivery: Efficient transfer of goods between warehouses and distribution centers.

  • EV Fleet & Green Mile Deliveries: Sustainable delivery options powered by electric vehicles, including an innovative EV Lease to Own Program for delivery partners.

  • Specialized Services: Pharma and cold chain logistics, pathology sample collection, and high-density distribution for healthcare clients.

Business Model & Revenue Streams

  • Direct Service Fees: Charges for last-mile, mid-mile, and hyperlocal delivery services provided to e-commerce, grocery, food, and healthcare companies.

  • Warehousing & Fulfillment Fees: Revenue from storage, inventory management, and order fulfillment services for D2C brands and online retailers.

  • EV Lease to Own Program: Income from leasing electric vehicles to delivery partners, with flexible repayment structures that promote sustainable mobility and empower gig workers.

  • Value-Added Services: Additional charges for specialized logistics (cold chain, pharma), dark store setup, and reverse logistics management.

  • Technology Integration Fees: Monetization through API integrations and digital logistics solutions for enterprise clients.

Customer Segmentation

  • B2B: E-commerce, food delivery, grocery, healthcare, and D2C brands.

  • Enterprise: Large-scale clients requiring integrated logistics and supply chain management.

  • Delivery Partners: Empowered through lease-to-own EV programs and training initiatives.

Growth Strategy

  • Market Expansion: Aggressively entering new cities, especially in tier-2 and tier-3 markets, to increase national coverage.

  • Product Innovation: Continuous development of tech-enabled logistics solutions, green delivery programs, and value-added services.

  • Strategic Partnerships: Collaborations with EV manufacturers and finance partners to drive sustainability and empower the delivery workforce.

  • Operational Excellence: Investing in training, process improvement, and technology to maintain high growth and service standards.

Conclusion

PIQYU is redefining logistics in India through its tech-enabled, sustainable, and scalable approach to last-mile and hyperlocal delivery. With a strong focus on operational excellence, rapid expansion, and green logistics, PIQYU is well-positioned for continued growth and industry leadership. Its innovative business model, robust client base, and commitment to empowering delivery partners make it a compelling choice for investors, researchers, and industry professionals tracking the future of logistics and supply chain in India.

Key People

Prashanth Reddy

Sundeep Manchala

Key Metrics

Total Equity Funding

$350 K

No. of Funding Rounds

0

Latest Funding Round

$60.4 K, Angel

as of July 6, 2024

Post Money Valuation

$11.1 Million

as of July 6, 2024

Funding Multiple

31.71

as of July 6, 2024

Investors

MiraiNxt

and 2 more

Employee Count

36

Similar Companies

Graas

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
July 6, 2024Angel$60.4 K$11.1 Million---
August 8, 2023Seed $121.0 K$1.3 Million$2.6 Million0.4x Nxt Discovery Fund, MiraiNxt
May 2, 2022Seed$169.0 K$1.2 Million$667.0 K1.5x-

Recent News