Xpressbees
| Company type | Private |
|---|---|
| Industry | Logistics |
| Founded | 2015 |
| Founder | Amitava Saha |
| Headquarters | , India |
Key people | Amitava Saha (Managing Director & CEO) |
| Website | www |
Xpressbees (formally BusyBees Logistics Solutions Pvt. Ltd.) is an Indian logistics and supply chain company headquartered in Pune, Maharashtra. It was established in 2015 as a spin-off from FirstCry, an e-commerce platform co-founded by Amitava Saha and Supam Maheshwari. The company's operations include parcel delivery, reverse logistics, warehousing, and cross-border shipping.[1][2][3]
History
[edit]Xpressbees was initially created as the logistics arm of FirstCry, an online retailer of baby products. In 2015, it was incorporated as a separate entity.[4] Early funding was received from investors such as SAIF Partners (now Elevation Capital), IDG Ventures, and Vertex Ventures.[5] In 2017, Alibaba Group invested approximately $35 million in the company.[6][7] By 2020, Xpressbees had expanded its operations to include third-party warehousing and heavy cargo services.[8]
In November 2020, the company received ₹800 crore (approximately $110 million) from a consortium that included Investcorp, Norwest Venture Partners, and Gaja Capital.[9] [7] In February 2022, it raised $300 million in a Series F funding round led by Blackstone Growth, TPG Growth, and ChrysCapital.[10] Following this round, the company's valuation was reported to exceed $1 billion.[11]
Later funding included $40 million from Khazanah Nasional Berhad in 2023[12] and $80 million from the Ontario Teachers’ Pension Plan in November 2023.[12][13][14]
Partnerships and acquisitions
[edit]In February 2021, Xpressbees acquired NimbusPost, a shipping aggregation service provider.[15] In June 2021, the company partnered with Unicommerce, a supply chain software platform. In July 2021, it entered into a strategic partnership with SpiceXpress,[16] the cargo division of SpiceJet, to facilitate air freight logistics across select Indian cities.[17]
In August 2023, Xpressbees acquired Trackon Courier, a courier company based in New Delhi, through an all-cash transaction.[18]
The company is also a logistics partner on the Government of India's Open Network for Digital Commerce (ONDC).[19]
Operations
[edit]As of March 2025, Xpressbees operated approximately 4,500 service centres and 250 hubs,[20][21] with more than 28,000 delivery partners involved in field operations.[3]
Recognition
[edit]In 2025, Fortune India listed Xpressbees among startups to watch in the logistics sector.[3]
References
[edit]- ^ Sharma, Shweta (2021-04-15). "Watch: Xpressbees CEO on profitability, B2B Xpress and D2C market push". Techcircle.
- ^ Singh, Manish (2023-11-07). "Ontario Teachers' fund backs Indian logistics unicorn Xpressbees in $80 million funding". TechCrunch.
- ^ a b c Kumar, Ashutosh (2025-03-24). "How logistics startups are fuelling India's e-commerce explosion". Fortune India.
- ^ Singh, Arti (2016-02-19). "Xpressbees raises $12.5M from SAIF Partners, IDG Ventures, others". Techcircle.
- ^ Singh, Vishal (2016-02-19). "Ecommerce Logistics Firm Xpressbees Raises Over $12 Mn". Inc42 Media.
- ^ J, Anand (30 January 2018). "Logistics firm Xpressbees raises $35 mn from Alibaba". VCCircle.
- ^ a b Balakrishnan, Reghu (2020-11-10). "PE funds invest Rs 800 crore in Xpressbees". The Economic Times. ISSN 0013-0389.
- ^ "FirstCry: Meet the man behind the baby products business that grew into a giant". The Economic Times. 2024-08-01. ISSN 0013-0389.
- ^ Bhatla, Prabhjeet (2020-11-10). "Xpressbees Raises $110 Mn In Series E Funding Led By Investcorp, Norwest Venture Partners and Gaja Capital". Entrepreneur. Archived from the original on 2025-06-22.
- ^ Soni, Yatti (2022-02-09). "Xpressbees raises $300 million in funding from Blackstone, TPG, and ChrysCapital". BusinessLine.
- ^ "Xpressbees raises $300 mn in funding from Blackstone Growth, others". mint. 9 February 2022.
- ^ a b "Xpressbees raises $40 million from Khazanah". The Financial Express. 2023-04-29.
- ^ Kaur, Jaspreet (2022-08-02). "Logistics Unicorn Xpressbees Bags INR 195 Cr From Avendus Future Leaders Fund II". Inc42 Media.
- ^ Shah, Sneha (2022-08-02). "Avendus Future Leaders Fund buys stake in Xpressbees for Rs 195 crore". The Economic Times. ISSN 0013-0389.
- ^ Rana, Karvi (2021-06-02). "XpressBees, Unicommerce join hands to streamline e-commerce operations for online sellers". Logistics Insider.
- ^ Rana, Karvi (2021-07-26). "Xpressbees enters into a strategic partnership with SpiceXpress". Logistics Insider.
- ^ Sharma, Shubham (2021-07-26). "In Brief: XpressBees, SpiceXpress partner; Meesho waives commission to court more MSMEs". Techcircle.
- ^ Mishra, Digbijay (2023-08-14). "Logistics firm Xpressbees buys Trackon in all-cash deal". The Economic Times. ISSN 0013-0389.
- ^ "ONDC onboards logistics firm XpressBees - ET Retail". ETRetail.com. November 24, 2023.
- ^ "Xpressbees appoints Tarun Agarwal as VP-B2C first mile operations". BusinessLine. 2025-06-09.
- ^ Manzar, Nishat (2023-11-30). "Xpressbees – India's Leading Logistics Service Provider". Business Outreach.