XpressBees

XpressBees

Logistics and courier solutions provider

Founded

2015

Headquarters

Pune (India)

Status

Series G

Company Details

Website

Socials

Email

Phone

+91 - 2049116100

XpressBees is one of India’s leading end-to-end logistics and supply chain solutions providers. XpressBees operates across the air freight and logistics sector, specializing in express delivery services that cater to both B2B and B2C segments. The company’s expansive network covers over 20,000 pin codes and 2,500+ cities and towns, enabling it to serve a diverse clientele that includes e-commerce giants, SMEs, and enterprises across industries such as retail, healthcare, automotive, banking, and consumer goods.

Core Offerings

  • B2C and B2B Xpress: End-to-end logistics solutions for e-commerce and enterprise clients, including last-mile delivery, reverse logistics, and supply chain management.

  • Cross-border Logistics: Comprehensive solutions for import/export orders, supporting international e-commerce.

  • 3PL (Third-Party Logistics): State-of-the-art warehousing and fulfillment services, marketplace integration, and omni-channel support.

Unique Value Proposition

XpressBees differentiates itself through tech-empowered logistics, real-time shipment tracking, route optimization, and a customer-centric approach. Its ability to offer rapid, reliable deliveries-even in remote areas-has set new industry standards for speed and efficiency.The company’s ISO 9001:2015 certification and partnerships with leading e-commerce platforms like Flipkart, Amazon, and Myntra further underscore its reputation for quality and reliability.

Business Model & Revenue Streams

XpressBees operates on a hybrid B2B and B2C logistics model, serving both businesses (e-commerce platforms, retailers, manufacturers) and direct consumers. Its business model is built around providing integrated logistics services, leveraging technology for operational efficiency, and tailoring solutions to client needs.Its primary revenue streams are:

  • Service Fees: Charges businesses for logistics and fulfillment services, including last-mile delivery, warehousing, and reverse logistics.

  • Partner Commissions: Receives commissions from e-commerce platforms and sellers for logistics support, especially for high-volume clients.

  • Technology Solutions: Offers value-added services such as real-time tracking, order management systems, and analytics, generating additional revenue from enterprise clients.

  • Cross-border and 3PL Services: Earns fees for international shipping and third-party logistics, including warehousing and fulfillment for global e-commerce.

  • Cash on Delivery (COD) Services: Facilitates COD transactions, earning transaction fees and commissions.

Customer Segmentation

  • B2B: E-commerce companies, retailers, manufacturers, and SMEs seeking logistics and supply chain solutions.

  • B2C: Direct-to-consumer deliveries, including last-mile and reverse logistics for individual customers.

Growth Strategy

  • Technology Investment: Heavy focus on automation, AI, and data analytics to streamline operations and enhance efficiency.

  • Market Expansion: Aggressively growing its physical network of fulfillment centers and delivery hubs across India, with an eye on global expansion in cross-border logistics.

  • Strategic Partnerships: Collaborations with major e-commerce platforms and technology providers to expand reach and service offerings.

  • Service Diversification: Expanding into new verticals such as healthcare, automotive, and food logistics, and offering innovative services like same-day/next-day delivery and try-before-you-buy.

Conclusion

XpressBees has rapidly emerged as a logistics powerhouse in India, driven by a robust technology backbone, wide-reaching infrastructure, and a relentless focus on customer satisfaction. Its diversified business model, innovative service offerings, and strategic alliances position it as a preferred logistics partner for businesses and a strong contender in the competitive Indian logistics landscape. For investors and industry professionals, XpressBees represents a blend of operational excellence, growth potential, and adaptability in a sector critical to the digital economy’s expansion.

Key People

Amitava Saha

Rahul Agrawal

Harshal Bhoi

Santosh Abbimane

Ajoy Clement Salve

Key Metrics

Total Equity Funding

$356 Million

No. of Funding Rounds

9

Latest Funding Round

$80 Million, Series G

as of November 7, 2023

Post Money Valuation

$1.47 Billion

as of November 7, 2023

Funding Multiple

4.12

as of November 7, 2023

Investors

Elevation Capital

and 3 more

Employee Count

7733

Similar Companies

Telr

Exit Details

N/A

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
November 7, 2023Series G$80 Million$1.5 Billion$345 Million-Blackstone, TPG, ChrysCapital, Elevation Capital, Investcorp, Norwest Venture Partners, Gaja Capital
February 9, 2022Series F$100 Million$1.2 Billion$249 Million5.6x Blackstone, TPG, ChrysCapital, Investcorp, Norwest Venture Partners, Innoven Capital, Sage Investment Trust
November 8, 2020Series E$110 Milllion$383 Million$128 Million- Norwest Venture Partners, Gaja Capital, Investcorp
January 3, 2020Series D$10 Million$333 Million$100 Million3.2xAlibaba Group
December 28, 2017Series D$35 Million$146 Million$39.1 Million2.8x Alibaba Group
February 28, 2017Series B$8.1 Million$110 Million$26.7 Million- Chiratae Ventures, Elevation Capital, Vertex Ventures, Pratithi Investments
February 19, 2016Series A$12.5 Million$59.5 Million--Elevation Capital, Vertex Ventures, Chiratae Ventures, New Enterprise Associates, Pratithi Investments

Recent News