Xpressbees is a Pune-headquartered logistics company offering end-to-end delivery and supply-chain solutions for e-commerce and other industries. It works with more than 1,000 clients, including Paytm, Meesho, Lenskart, Xiaomi and NetMeds, and has a presence in over 2,000 cities and towns. The company processes more than 2.5 million orders per day and reported revenue of about $300 million for the financial year ending March while remaining loss-making. Xpressbees began within FirstCry in 2012 and became an independent company in 2015 under co-founder and CEO Amitava Saha, alongside Supam Maheshwari. The firm operates an asset-light model and is positioning for growth; observers and investors say the latest investment signals readiness to pursue an initial public offering within a year to two. Its cumulative funding is approximately $680 million and its investor base includes Khazanah, TPG, Alibaba and Blackstone. Xpressbees is an Indian third-party logistics unicorn. The company said it has secured a $40 million investment from Malaysia’s sovereign wealth fund, Khazanah Nasional. The transaction was announced in a company statement. The article identifies Khazanah Nasional as the investor and does not list other participants. No further financial metrics, terms of the investment or use of proceeds were disclosed in the article. Xpressbees provides end-to-end logistics services including last-mile delivery, 3PL, B2B logistics, and cross-border operations. The company emphasizes technology-driven platforms and a scalable, asset-light operating model with a seamless last-mile management system. Xpressbees operates across 3,000 cities, services over 20,000 pin codes, delivers more than 1.5 million packages per day, has over 100 hubs, 10 lakh sqft-plus warehouse capacity, and serves 52 airports. Management reports a near 100% year-over-year revenue growth. The capital from the Series F is earmarked to evolve the business into a full-service logistics organization, support growth, product development, and hiring talent. Xpressbees positions itself as a trusted logistics partner for India’s growing e-commerce market. Xpressbees operates a delivery and logistics network serving more than 1,000 customers, including Paytm, Meesho, Lenskart, Xiaomi, NetMeds and Snapdeal. It has a presence in over 2,000 cities and towns and processes more than 2.5 million orders a day, up from about 600,000 daily orders the prior year. The company employs over 30,000 delivery staff and supports large e-commerce volumes across India. Xpressbees began inside FirstCry in 2012 and became an independent company in 2015. The startup plans to use new capital to further automate its hubs and sorting centres and expand its delivery footprint to cover the entire country. Financially, it has attracted institutional capital and is scaling operations as online shopping grows in India. XpressBees operates a logistics network offering last-mile delivery, reverse logistics, real-time tracking and multiple payment collection options for clients such as Paytm, Flipkart, Snapdeal and Reliance. The company reports delivery reach to more than 10,000 pincodes with 53 hubs and over 1,300 service centres. Founded by Amitava Shah and Supam Maheshwari and spun out of FirstCry, XpressBees is operated by BusyBees Logistics Solutions. The startup plans to use the new capital for growth and expansion of its business. Prior to this round it had completed six funding rounds totalling $157.6 million and is also backed by debt capital firm InnoVen Capital. XpressBees has a history of institutional backers including SAIF Partners, Paytm, Valiant Capital, Chiratae Ventures, Vertex Ventures and IDG Ventures.

Total raised

$593M

Funding rounds

8

Latest round

Equity

Latest activity

Nov 2023