The fastest-growing express logistics service provider in India, Xpressbees was founded in 2015 and offers end-to-end supply chain solutions. Customers can choose from a full range of last-mile delivery services, reverse logistics, payment collection, drop shipping, vendor management, cross-border services, fulfillment services, and customized software solutions. Several companies, including Alibaba and Innoven Capital, have supported Xpressbees. Customers can choose from a full range of last-mile delivery services, reverse logistics, payment collection, drop shipping, vendor management, cross-border services, fulfillment services, and customized software solutions.
HEADQUARTERS: Pune, Maharashtra
FOUNDERS: Amitava Saha, Supam Maheshwari
TOTAL FUNDING: $577.6 mn (March 2022)
REVENUE: $237.40 mn (Rs 1800 crore in FY21)
VALUATION: $1.2 bn (February 2022)
PARENT ORGANISATION: Busybees Logistics Solutions Private Limited
ABOUT THE FOUNDER AND TEAM:
Along with being the Co-Founder and CEO of Xpressbees, Amitava Saha is also the Co-Founder of FirstCry.com. He graduated with a PGDM from IIM Lucknow after studying Btech at IIT Varanasi. Amitava worked as a senior officer at Tata Steel, a senior business development executive at NIIT Technologies, and a business development manager at Aricent before co-founding Xpressbees with Supam. He then began working for Brainvisa Technologies, where he held the positions of director and vice president until being elevated to senior vice president. After finding FirstCry, where he served as co-founder and COO, Amitava Saha then decided to found Xpressbees. He has been in sales and operations for more than 17 years.
In 2010, Supam launched FirstCry.com, his first business. He graduated from the IIM Ahmedabad and completed his B.Tech. at the Delhi College of Engineering. From 2000 to 2009, Supam co-founded and served as CEO of Brainvisa Technologies, which he later sold with Amitava Saha. Maheshwari is currently recognized as a member of Xpressbees’ founding team.
MISSION AND VISION:
The vision and mission of Xpressbees are to evolve as the best logistics solutions provider with all import and export services.
ABOUT NAME, TAGLINE:
The phrase “XpressBees delivering happiness” appears in the company’s logo. The name “Xpressbees” refers to the company’s quick distribution and delivery. The tagline of Xpressbees is “Delivering Happiness.”
FUNDING AND INVESTORS:
Over nine rounds of funding, the company raised $577.6 million with the assistance of the Xpressbees funding rounds. The Alibaba Group invested $10 million in the company on January 3, 2020. The company eventually raised two further rounds of funding over the following two years, including the $300 million round that it received on February 9, 2022, and the $110 million Series E round that was led by Investcorp, Norwest, and Gaja Capital. Through its Series F funding round, the company raised $300 million, making it the eighth Indian unicorn in 2022.
Xpressbees is connected to numerous ventures, including SAIF Partners, Paytm, Chiratae Ventures, and many more.
GROWTH AND REVENUE:
Starting with 50,000 shipments, Xpressbees is now processing more than 3 million shipments daily. The company operates across 2500+ network cities and has more than 3000 employees, 3000+ offices and service centers, and 52+ airport connections. According to the most recent financial information obtained during FY21, the company’s revenue surpassed the Rs 1000 crore threshold.
The company’s business operations expanded by 99.7% in the fiscal year 2019, totaling INR 540.95 crore, compared to INR 270.83 crore in the previous fiscal year. In comparison to the INR 757.2 crore in revenue that it managed to generate during FY20, Xpressbees was able to scale by 32.7 percent in FY21, bringing in INR 1004.8 crore from operations.
B2C Xpress: In contrast to B2B fulfillment, which involves sending orders to the business, B2C fulfillment simply refers to the delivery of items straight to the final consumer.
B2B Xpress: B2B (business-to-business) is a sort of electronic commerce (e-commerce) that refers to the exchange of goods, services, or information between businesses rather than between businesses and consumers (B2C).
Cross-border Logistics: The planning, implementation, and control management processes for the efficient flow and storage of tangible goods and information at both ends of the customs boundaries are referred to as cross-border logistics.
3PL (Third Party Logistics): Outsourced logistics services, which include everything involving administration of one or more aspects of procurement and fulfillment activities, are provided by 3PL (third-party logistics) providers. In the world of business, the term “3PL” refers to any service agreement that includes the storing or shipment of goods.
BRANDS THEY ARE ASSOCIATED WITH:
- SHOP 101
- Tata CLiQ
- Ace Technologies
- ICICI Bank
- Baja Finserv
- Ace turtle
3000+ offices and services centers
52+ Cargo Airport
10 Lacs sqft Warehouse capacity
500+ Customer care executives
35,000+ Field executives
2,500+ Network cities
3 million + Shipments handling per day
The major competitors of Xpressbees are:
- Ecom Express
- Ekart Logistics
With a vast network and unrivaled logistics services, Xpressbees maintains its position.
With more centers, more shipments, stronger connections, and infrastructure, the company aims to broaden its relationship with industries and develop its network.
“We continue to stay focused on growth and capability enhancement, as we strive to become the leading logistics provider in the country. The funds will be deployed largely for growth and infrastructure enhancement” said, Amitava, Co-founder of Xpressbees.
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