Hybrid Shifting acquires AI-powered B2C brand Pikkol
This strategic acquisition allows Hybrid Shifting to stay ahead of the curve when it comes to technology, extensive partner network across 100 cities in India and the customer base of Pikkol.
Hybrid Shifting Solution India (Hybrid Shifting), which recently secured the first investment of $ 2.5 million from Transworld International, has acquired Pikkol, India's first- AI based, technology enabled moving brand. “Within a span of eight years, Pikkol has become India's most innovative tech-enabled B2C moving brand having assisted in moving over 100,000 customers,” said the official release.
The acquisition allows Hybrid Shifting to stay ahead of the curve when it comes to technology, extensive partner network across 100 cities in India and the customer base of Pikkol, the release added.
Pikkol, founded and led by Deepu Chandran, an alumnus of the Indian Institute of Management, Bangalore, is committed in providing a hassle-free and transparent moving experience with limited human interventions. Recognised as one of India's top 50 startups 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.
Rahul Pillai, Founder, and CEO of Hybrid Shifting says, “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 points with a strong commitment towards quality, transparency and sustainability.
Deepu Chandran, Founder and CEO of Pikkol and RedNile Innovations says, “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.”