Bengaluru, September 06, 2023: Hybrid Shifting Solution India Pvt. Ltd.,(Hybrid Shifting) which recently securedthe first investment of US$ 2.5 million from Transworld International, is pleased to announce the acquisition of Pikkol, India’s first- AI based technology enabled moving brand. Within a span of 8 years, Pikkol has become India’s most innovative tech-enabled B2C moving brand having assisted in moving over 1,00,000 customers.This strategic acquisition allows Hybrid Shifting to stay ahead of the curve when it comes to technology, extensive partner networkacross 100 cities in Indiaand the loyal customer base of Pikkol. The entire staff of Pikkol, including the leadership, without any layoffs,will continue to stay focused on further developing the technology and its product offerings for better customer experience.
Pikkol, founded and led by Deepu Chandran, an alumnus of the Indian Institute of Management, Bangalore, is deeply committed in providing a hassle-free, transparent and happy moving experience with limited human interventions. Recognized as one of India’s top 50 hottest start-ups in 2017, Pikkol boasts being the country’s first platform to offer instant quotes through an advanced algorithm, eliminating the need for a pre-move physical survey. With an impressive track record of 80 % customer retention and having successfully executed more than 1,00,000 moves, Pikkol has earned a stellar 4.1 Google review rating.
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.”
Hybrid Shifting, powered by Transworld International’s strategic investment and FIDI FAIM accreditation, along with the acquisition of Pikkol’s tech-enabled innovations, becomes the one and only company in India to have a tech enabled solution for B2B and B2C business at different price pointswith a strong commitment towards quality, transparency, trust and sustainability.
Deepu Chandran, Founder and CEO of Pikkol and RedNile Innovations Pvt Ltd.said,“Hybrid Shifting, backed by the exceptional leadership of Rahul Pillai and TransworldInternational’s infrastructure brings tremendous growth, scale, and an internationalplatform. With this collaboration, our customers can now choose between a white gloveservice and a no frill service without compromising on the quality and commitment. Thisdivestment and partnership is in line with our strategic vision to let us concentrate onlogistics services for our clients as Pikkol continues to deliver exceptional customer service inrelocation“
Corporate Comm India (CCI Newswire)
