The first AI-based shifting brand in India, Pikkol, has been acquired by Hybrid Shifting Solution India Pvt. Ltd. (Hybrid Shifting), which recently received a US$ 2.5 million first investment from Transworld International.
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In less than 8 years, Pikkol has helped more than 100,000 customers move, making it India’s most cutting-edge B2C moving company. This tactical acquisition enables Hybrid Shifting to maintain a technological edge thanks to Pikkol’s devoted client base, vast partner network over 100 cities in India, and broad partner network.
Pikkol, founded and run by Indian Institute of Management, Bangalore alumnus Deepu Chandran, is deeply committed to offering a hassle-free, open, and joyful moving experience with minimal human participation. Pikkol, one of India’s top 50 fastest-growing start-ups in 2017, boasts being the first platform in the nation to provide rapid quotes via a sophisticated algorithm. With a great 4.1 Google review rating and a track record of 80% client retention, Pikkol has successfully completed more over 1,00,000 relocation as per reported by indiaWeb2.com.
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Rahul Pillai, Founder, and CEO of Hybrid Shifting said, “By adopting Pikkol’s direct-to-consumer model and app-based technology, we are committed to delivering an exceptional experience for our customers in an industry moving towards employee reimbursement.”
With the acquisition of Pikkol’s tech-enabled innovations, Hybrid Shifting, powered by Transworld International’s strategic investment, FIDI FAIM accreditation, and commitment to quality, transparency, trust, and sustainability, becomes the only company in India with a tech-enabled solution for B2B and B2C business at various price points.
Deepu Chandran, Founder and CEO of Pikkol and RedNile Innovations Pvt Ltd. said, “Hybrid Shifting, backed by the exceptional leadership of Rahul Pillai and Transworld International’s infrastructure brings tremendous growth, scale, and an international platform. With this collaboration, our customers can now choose between a white glove service and a no frill service without compromising on the quality and commitment. This divestment and partnership is in line with our strategic vision to let us concentrate on logistics services for our clients as Pikkol continues to deliver exceptional customer service in relocation“
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About Hybrid Shifting
The idea behind hybrid shifting was to transform the way moving solutions have traditionally been provided across numerous geographies. The goal of starting the business was to bring accountability and transparency to the packing and moving industry by using a lot of technology to provide value for money to every B2C and B2B customer. With the aid of cutting-edge processes, packaging, transportation, and partner engagement, the company, with its several brands, will provide clients with options based on their needs while preserving long-term client connections.
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