When was Pico Xpress founded?

Pico Xpress was founded in 2023 and raised its 1st funding round within a year of its incorporation.

Where is Pico Xpress located?

Pico Xpress is headquartered in Bengaluru, India. It is registered at No.1212, BBMP Katha No.688/12/2, SBM Fortune,22nd Cross,14th Main, Sector III, Hosur Sarjapur Road, HSR Layout, Bangalore, Bangalore South, Karnataka, India, 560102.

Which legal entities is Pico Xpress associated with?

Pico Xpress is associated with PICO XPRESS PRIVATE LIMITED.

How many employees does Pico Xpress have?

As of Aug 31, 2025, Pico Xpress has 32 employees, reflecting a 68% year-over-year decline in headcount.

Is Pico Xpress a funded company?

Pico Xpress is a funded company, having raised a total of $5.83M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 28, 2023.

How much is Pico Xpress worth?

The latest valuation of Pico Xpress is ₹***** as of Jul 04, 2025.

When was the latest funding round of Pico Xpress?

Pico Xpress' latest funding was a $***** Seed round on Jan 07, 2025, with participation from 13 investors. Its primary sector is Logistics Tech. In India, the Logistics Tech sector has seen $90.5M in funding in 2026 to date.

What is the annual revenue of Pico Xpress?

Annual revenue of Pico Xpress is between ₹10 Cr and ₹50 Cr as on Mar 31, 2025

Where does Pico Xpress rank among its competitors?

Pico Xpress ranks 2nd amongst 32 active competitors, of which 5 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Shippin, which secured $55.9K in Oct, 2025.

Who are the top competitors of Pico Xpress?

Pico Xpress' top competitors include Oorjaa, Opinio and Movin. Among them, Shippin secured the most recent funding round in October, 2025.

Pico Xpress - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

AI powered B2B parcel delivery services. It is a logistics service provider that offers an online platform for end-to-end supply chain solutions built for speed, scale, and reliability. The company offers a range of services including transportation and delivery services. It utilizes AI-driven technology to facilitate supply chain and logistics operations. The platform enables integration, delivery, and tracking, catering to B2C and B2B e-commerce, and marketplace operations.

Website: picoxpress.com
Email ID: *****@picoxpress.com
Phone Number: +91 **********
Registered Address: No.1212, BBMP Katha No.688/12/2, SBM Fortune,22nd Cross,14th Main, Sector III, Hosur Sarjapur Road, HSR Layout, Bangalore, Bangalore South, Karnataka, India, 560102

Key Metrics

Founded Year

2023

Location

Bengaluru, India

Stage

Seed

Total Funding

$5.83M in 5 rounds

Latest Funding Round

Seed, Jan 07, 2025, $*****

Post Money Valuation

₹***** as on Jul 04, 2025

Investors

Angel List & 25 more

Ranked

2^nd among 32 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2025

Employee Count

32 as on Aug 31, 2025

Similar Companies

Stuart & 458 more

View Pico Xpress' full profile

Pico Xpress is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PICO XPRESS PRIVATE LIMITED CIN: U52219KA2023PTC171252 , India, Active	Mar 15, 2023	$1M - $10M (As on Mar 31, 2025)	32 (As on Aug 31, 2025)

Pico Xpress has raised a total funding of $5.83M over 5 rounds. Its first funding round was on Apr 28, 2023. Its latest funding round was a Seed round on Jan 07, 2025 for $*****. 13 investors participated in its latest round. Pico Xpress has 8 institutional investors and 18 angel investors.

Here is the list of recent funding rounds of Pico Xpress:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 07, 2025	2699556	Seed	6513099	6140677	4703644	1244380
Aug 03, 2024	6352084	Seed	4783694	7274408	4718208	Atul Garg & 6 more
Apr 06, 2024	3040435	Seed	5822883	6159683	Angel List	Blume Venture & 10 more

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View details of Pico Xpress's funding rounds and investors

The founders of Pico Xpress are Kamal Syal and Aniruddha Gangopadhyay.

Here are the details of Pico Xpress' key team members:

Kamal Syal: Co-Founder of Pico Xpress. They are also an angel investor in 1 startup and serve on the board of 1 company.
Contact Info: 1 email address
Aniruddha Gangopadhyay: Co-Founder of Pico Xpress. They serve on the board of 1 company.
Contact Info: 1 email address

Pico Xpress' Board of Directors

Pico Xpress's board has 2 active members. Kamal Syal and Aniruddha Gangopadhyay are part of team.

Here is the list of Pico Xpress' board of directors:

Name	Type	Representing	Status	Duration
Kamal Syal	Team	-	Current	3y 2m
Aniruddha Gangopadhyay	Team	-	Current	3y 2m

View details of Pico Xpress's Founder profiles and Board Members

Pico Xpress' employee count trend

Pico Xpress has 32 employees as of Aug 25. The total employee count is 68.0% lower than what it was in Aug 24. Here is Pico Xpress's employee count trend over the years:

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Top competitors of Pico Xpress include Oorjaa, Opinio and Movin. Here is the list of Top 10 competitors of Pico Xpress, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Oorjaa 2021, Mumbai (India), Seed	Intra-city and mid-mile logistics solutions	$3.22M	Inflection Point Ventures, Beacon Trusteeship ... & 103 others	61/100
2nd	Pico Xpress 2023, Bengaluru (India), Seed	AI powered B2B parcel delivery services	$5.83M	Blume Venture, Angel List & 24 others	51/100
3rd	Opinio 2015, Bengaluru (India), Acquired	Tech-enabled last mile delivery	$8.3M	Accel, Delhivery & 5 others	47/100
4th	Movin 2022, Gurugram (India), Unfunded	Provider of business-to-business delivery services utilizing air and ground networks	-	-	46/100
5th	Runnr 2015, Bengaluru (India), Acquired	On-demand food delivery platform from nearby restaurants	$31.7M	DST Global, Blume Venture & 21 others	46/100
6th	Pickingo 2014, Gurugram (India), Acqui-Hired	Hyperlocal delivery service for businesses	$1.45M	Orios Venture Partners, Zomato & 2 others	39/100
7th	VDeliver 2011, Hyderabad (India), Seed	Web based platform to book for on-demand delivery services	$196K	GenNext Hub, MAPE & 7 others	38/100
8th	Shippin 2020, Kolkata (India), Seed	Provider of tech-enabled last-mile delivery solutions for businesses	$119K	IIMCIP & 4 others	37/100
9th	Abhilaya 2017, Mumbai (India), Unfunded	Provider of end to end delivery solutions for businesses	-	-	36/100
10th	Bikozee 2019, Guwahati (India), Funding Raised	A B2B platform offering last-mile delivery services through electric bikes	-	IIM Calcutta, IIMCIP	32/100

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Founders (largest shareholder) own 52.54%, Funds own 31.12%, Enterprises own 0.31% and Angels own 8.39%. The net worth of Pico Xpress's founders is INR 70.2Cr as of Jul 04, 2025.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	52.54%	70.2Cr	9426307	1613535	5996275	1028917
Aniruddha Gangopadhyay	9925746	1967029	1610694	1472637	3462936	5884203
Kamal Syal	8979969	3447279	2958403	2207801	4261783	3839841
Fund	31.12%	41.6Cr	8709325	3381273	4110732	7549974
Blume Venture	1471942	7120915	1745050	9765991	1505752	4140356
Enrission India Capital	762	113	545	527	878	595
Angel List	0	0	0	0	0	0
Enterprise	0.31%	42L	0	0	0	0
Angel	8.39%	11.2Cr	9220684	8194317	4481015	4841518
Sujeet Kumar	7755	7063	9072	4836	2825	8790
Atul Garg	0	0	0	0	0	0
ESOP Pool	7.60%	10.2Cr	2620621	8503020	2752425	2403358
Total	99.96%	134Cr	9360027	6915359	8184702	8562475