
ENRISSION INDIA CAPITAL Backs Pico Xpress to Accelerate Quick Commerce Growth
The fresh capital will be used by Pico Xpress to strengthen its technological infrastructure, expand delivery operations, and scale its reach across urban India.
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
In a significant boost to India's fast-growing quick commerce sector, ENRISSION INDIA CAPITAL has invested in Pico Xpress in a Pre-Series A funding round.
The fresh capital will be used by Pico Xpress to strengthen its technological infrastructure, expand delivery operations, and scale its reach across urban India.
Founded in 2023 by Aniruddha Gangopadhyay and Kamal Syal, Pico Xpress is a Bengaluru-based logistics startup redefining how essential goods reach consumers. The company specialises in last-mile delivery, time-bound quick commerce logistics (within 30, 60, and 120 minutes), and omni-channel fulfillment through dark stores.
With a presence in over eight cities, Pico Xpress is building the backbone for India's convenience-driven commerce future.
Aniruddha Gangopadhyay, Co-founder of Pico Xpress, said, "ENRISSION INDIA CAPITAL's investment fuels our mission to build India's leading quick commerce logistics backbone. This capital infusion allows us to rapidly enhance our technological capabilities and expand our operational footprint."
Co-founder Kamal Syal added, "Our goal is to create a seamless and highly efficient quick commerce delivery experience. With ENRISSION's support, we are poised to innovate and set new standards in logistics speed and reliability."
Harsh Deodhar, Principal at ENRISSION INDIA CAPITAL, stated, "Pico Xpress is at the forefront of India's quick commerce revolution. We are excited to support their vision of delivering essentials with unmatched speed and reliability, and shaping the future of convenience retail."
As India's demand for faster deliveries surges, Pico Xpress is uniquely positioned to capitalise on the shift, offering businesses and consumers a dependable and scalable logistics partner for the digital age.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Entrepreneur
30 minutes ago
- Entrepreneur
Guardians Of Digital Trust
Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. As India's digital penetration deepens across Tier I to Tier III cities, the digital economy is thriving, but so are digital frauds. According to the Reserve Bank of India's (RBI) annual report, digital payment fraud surged more than fivefold to INR 14.57 billion (USD 175 million) in the fiscal year ending March 2024. KYC (Know Your Customer) scams are on the rise, with cases like a 73-year-old Mumbai woman losing INR 2 lakh and an RTO clerk duped of INR 4.35 lakh, exposing the growing vulnerabilities in the system. Amidst this landscape, IDfy is stepping up to combat fraud with Artificial Intelligence (AI) solutions. "We power about 60 per cent of all video KYCs in India," says Ashok Hariharan, Co-founder and CEO of IDfy. The company provides end-to-end verification services for banks, insurance providers, credit card issuers, and online merchants from employee onboarding to authenticating transactions. Yet, as Ashok points out, fraudsters are constantly evolving. "Fraudsters are always finding holes in the lock one area, they'll find a backdoor." Phishing, digital arrest scams, and mule accounts have proliferated, exploiting weaknesses in systems that rely heavily on physical KYC or less sophisticated technologies. "They target cooperative banks with weaker systems, often colluding with branch managers to bypass manual verification," Ashok adds. AI, however, is proving to be a formidable defense. "Deepfake detection, device mimicry, and intrusion attacks – we can catch all of this today," Ashok explains. By using AI models that analyse anomalies, IDfy can flag suspicious transactions such as a low-income applicant seeking a high-value loan. "A person living in Dharavi applying for a INR 10 crore loan that's anomalous," he highlights. IDfy's platform operates on four fundamental questions: Does the individual exist? Is the person the one transacting? Have they committed fraud before? Are they likely to commit fraud in the future? With AI, the company matches PAN card selfies to live photos, preventing fraudsters from impersonating others. It also cross-references court records and prior transactions to strengthen fraud detection. The need for such rigorous checks is clear. "In a test with cab aggregator platforms, seven per cent of vehicles we flagged were linked to drivers with criminal records or vehicles involved in hit-and-run cases," Ashok reveals.
Yahoo
an hour ago
- Yahoo
ICAI to host Global Capability Centres Summit
The Institute of Chartered Accountants of India (ICAI) is set to host a summit series under the theme "From Ledger to Global Leadership: Chartered Accountants Shaping Global Capability Centres". The inaugural event is scheduled for 27-28 June 2025 in New Delhi, with subsequent regional editions in Ahmedabad (GIFT City), Mumbai, and Hyderabad. The summit aims to showcase India's leadership in the Global Capability Centres (GCC) ecosystem and the significant role of Indian Chartered Accountants in the global services sector. The summit will gather industry experts, policymakers, academicians, and global stakeholders to explore emerging trends, create strategic partnerships, and drive innovation within the GCC domain. Government bodies, including the Ministry of External Affairs, Ministry of Electronics and Information Technology, IFSCA, SEPC, Invest India, NSDC, and IIM Sambalpur, have pledged support as Eco Partners for the series. India is home to more than 1,800 GCCs, employing upwards of 1.9 million professionals. ICAI president CA. Charanjot Singh Nanda said: "India is uniquely positioned to lead the next phase of the GCC evolution. Chartered Accountants are central to driving digital finance, regulatory integrity and global governance. Through this summit, industry experts and Chartered Accountants will come together to share insights, provide practical solutions and foster policy dialogue that can address these pain points and further strengthen India's position as a global GCC hub." ICAI vice president CA. Prasanna Kumar said: "While the GCC ecosystem in India continues to grow rapidly, it faces persistent challenges around regulatory clarity, taxation policies and evolving operational frameworks. The Summit will serve as a platform for collaboration, insights and leadership as we shape the future of the GCC ecosystem." The Delhi summit will feature panel discussions, keynote addresses, and networking opportunities, with a focus on strategic partnerships, digital transformation, and the evolving role of finance professionals in the GCC ecosystem. ICAI has established a dedicated group under its Directorate of International Trade, Services & WTO to promote India as a global hub for accounting and finance-focused GCCs. This initiative is stated to be a part of ICAI's commitment to the profession and national development, aiming to enhance the role of Chartered Accountants in finance leadership and global operations, and to prepare a skilled workforce for the GCC sector. ICAI invites industry professionals, GCC leaders, policymakers, and Chartered Accountants to engage in this dialogue that will shape the future of India's global financial leadership. Additionally, ICAI recently announced its plan to limit the number of tax audits that a partner can sign off in each year. "ICAI to host Global Capability Centres Summit" was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Yahoo
India's watchdog warns Air India for breaching pilots' flight duty timings
By Aditya Kalra NEW DELHI (Reuters) -India's aviation watchdog has issued a warning to Air India for "repeated and serious violations" related to pilot duty scheduling and oversight, according to government directives reviewed by Reuters on Saturday. The Directorate General of Civil Aviation (DGCA) directed Air India to remove three company executives from crew scheduling roles - a divisional vice president, a chief manager of crew scheduling and one planning executive - for lapses linked to flights from Bengaluru to London on May 16 and May 17 that exceeded the stipulated pilot flight time limit of 10 hours. The June 20 order cited "systemic failures in scheduling protocol and oversights" and criticised the lack of strict disciplinary measures against responsible officials. The latest action by the aviation authority against the airline is unrelated to this month's crash of an Air India Boeing 787-8 plane that killed all but one of the 242 people onboard but signal heightened scrutiny of the airline. On Thursday, Reuters reported the authorities had also warned Air India for breaching safety rules after three of its Airbus planes flew despite being overdue for checks on emergency equipment of escape slides. The latest order by assistant director of operations at the DGCA, Himanshu Srivastava, said: "Of particular concern is the absence of strict disciplinary measures against key officials directly responsible." In a statement to Reuters, Air India said it has implemented the DGCA order and in the interim, the company's chief operations officer will provide direct oversight to the Integrated Operations Control Centre. "Air India is committed to ensuring that there is total adherence to safety protocols and standard practices," it added. The DGCA stated in its order that Air India had voluntarily disclosed the violations. Air India was taken over by the Tata Group in 2022 and faces many challenges in its attempts to rebuild its image, after years of criticism from travelers for poor service. The Indian regulator, like many abroad, often fines airlines for compliance lapses. India's government in February told parliament that authorities had warned or fined airlines in 23 instances for safety violations last year. Around half of them - 12 - involved Air India and Air India Express. The biggest fine was $127,000 on Air India for "insufficient oxygen on board" during some international flights. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data