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Logistics startup Pickkup raises $500K in seed round led by We Founder Circle

EntrackrEntrackr · 4m ago
Logistics startup Pickkup raises $500K in seed round led by We Founder Circle
Medial

Logistics startup Pickkup raises $500K in seed round led by We Founder Circle Logistic startup Pickkup has raised $500K in a seed funding round led by We Founder Circle (WFC) along with participation from other angel investors. The proceeds will be strategically utilized to expand its electric fleet, enhance the team, and invest in advanced technology to bolster logistics efficiency, Pickkup said in a press release. Co-founded by Ankush Sharma, Chandra Shekhar, and Upma Sharma, Pickkup aims to redefine logistics by deploying a 100% electric fleet, integrating cutting-edge technology to improve delivery efficiency, and actively contributing to decarbonization efforts. With a growing need for eco-friendly logistics solutions, the company intends to create impact in the industry. The Chandigarh-based startup aspires to build a sustainable, tech-driven logistics ecosystem that maximizes fleet utilization while minimizing environmental impact. It looks to optimize cross-utilization of its electric vehicles, ensuring they are operational for the maximum number of hours daily, a move that leverages the low operating costs of EVs for enhanced efficiency and affordability. Established in 2020, We Founder Circle offers mentorship and actively invests in early-stage startups. It invests $250,000-$2 million in early-stage startups that are fueled with ambition, sustainability, and a strategic approach. The VC firm has enabled $50 million worth of investments across over 150 deals. Some of the key investments include category leader companies like BluSmart, Zypp Electric, Kazam, Gauda Aerospace, Pixxel SpaceTech, and Qpi Quantum Computing.

Lead Angels rebrands as Lead Invest to expand beyond angel investing

EntrackrEntrackr · 4m ago
Lead Angels rebrands as Lead Invest to expand beyond angel investing
Medial

Lead Angels, a prominent angel investment network, announced its rebranding to Lead Invest, signaling its transition into a comprehensive investment platform with a focus on India's unlisted equity market. This transformation highlights their expanded focus on late-stage pre-IPO investments, syndications, and next-generation startup funding, moving beyond their prior concentration on angel investments. Lead Invest is committed to bolstering transparency, credibility, and governance while offering exclusive access to high-growth pre-IPO opportunities, allowing investors to engage with companies ahead of their public listings. Founder & CEO Sushanto Mitra emphasized their dedication to providing investors access to high-quality opportunities across various stages of startup growth, from early-stage to pre-IPO. The rebranding introduces new verticals like Lead Invest NxtGen for institutional investments in startups, Lead Pre-IPO for access to companies preparing for public listing, and Lead Advisory for growth consulting services. The firm aims to bridge the gap between investors and high-potential startups through a data-driven investment approach, fostering strategic investment opportunities and superior returns. Lead Invest has built a network of over 500 investors and invested in approximately 100 startups across diverse sectors, reporting an internal rate of return (IRR) of about 34%.

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