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{{Short description|Indian logistics company}}
{{Infobox company
| name = Xpressbees
| logo =
| type = [[Privately held company|Private]]
| industry = Logistics
| founded = 2015
| founder = Amitava Saha
| hq_location_city = [[Pune, Maharashtra]]
| hq_location_country = India
| key_people = Amitava Saha (Managing Director & CEO)
| revenue = {{increase}} ₹1,904.4 crore (FY22)<ref name="Mint22">{{Cite web |last=Mahtta |first=Priyal |last2=Rawat |first2=Aman |date=2022-11-16 |title=Xpressbees narrows losses |url=https://www.livemint.com/companies/start-ups/xpressbees-narrows-losses-11668541325166.html |access-date=2025-09-25 |website=mint |language=en}}</ref>
| net_income = {{decrease}} ₹−27.1 crore (2022)<ref name="Mint22" />
| website = {{URL|https://www.xpressbees.com/}}
}}

'''Xpressbees''' (legally Busybees Logistics Solutions Private Limited)<ref>{{Cite web |last= |date=2022-03-23 |title=CCI approves TPG, Blackstone acquiring stakes in Busybees Logistics {{!}} Company Business News |url=https://www.livemint.com/companies/news/cci-approves-tpg-blackstone-acquiring-stakes-in-busybees-logistics-11648051120194.html |access-date=2025-09-25 |website=mint |language=en}}</ref> is an Indian [[logistics]] and [[supply chain]] company headquartered in [[Pune|Pune, Maharashtra]]. It was established in 2015 as a [[Corporate spin-off|spin-off]] from [[FirstCry]], an e-commerce platform co-founded by Amitava Saha and Supam Maheshwari. Its operations include [[Package delivery|parcel delivery]], [[reverse logistics]], [[Warehouse|warehousing]], and [[Border trade|cross-border shipping]].<ref>{{Cite web |last=Sharma |first=Shweta |date=2021-04-15 |title=Watch: Xpressbees CEO on profitability, B2B Xpress and D2C market push |url=https://www.techcircle.in/2021/04/15/watch-xpressbees-ceo-on-profitability-b2b-xpress-and-d2c-market-push |access-date= |website=Techcircle |language=en}}</ref><ref>{{Cite web |last=Singh |first=Manish |date=2023-11-07 |title=Ontario Teachers' fund backs Indian logistics unicorn Xpressbees in $80 million funding |url=https://techcrunch.com/2023/11/06/indian-logistics-unicorn-xpressbees-in-80-million-funding/ |access-date= |website=TechCrunch |language=en-US}}</ref><ref name=":1">{{Cite web |last=Kumar |first=Ashutosh |date=2025-03-24 |title=How logistics startups are fuelling India's e-commerce explosion |url=https://www.fortuneindia.com/long-reads/how-logistics-startups-are-fuelling-indias-e-commerce-explosion/121155 |access-date= |website=Fortune India |language=en}}</ref>

== History ==
Xpressbees was founded as the logistics arm of [[FirstCry]], an online retailer of baby products, before being incorporated as an independent company in 2015.<ref>{{Cite web |last=Singh |first=Arti |date=2016-02-19 |title=Xpressbees raises $12.5M from SAIF Partners, IDG Ventures, others |url=https://www.techcircle.in/2016/02/19/xpressbees-raises-12-5m-from-saif-partners-idg-ventures-others |access-date= |website=Techcircle |language=en}}</ref> Its early investors included SAIF Partners (now Elevation Capital), [[IDG Ventures]], and [[Vertex Holdings|Vertex Ventures]].<ref>{{Cite web |last=Singh |first=Vishal |date=2016-02-19 |title=Ecommerce Logistics Firm Xpressbees Raises Over $12 Mn |url=https://inc42.com/flash-feed/xpressbees-raises-funding/ |access-date= |website=Inc42 Media |language=en}}</ref> In 2017, [[Alibaba Group]] invested approximately $35 million in the company.<ref>{{Cite web |last=J |first=Anand |date=30 January 2018 |title=Logistics firm Xpressbees raises $35 mn from Alibaba |url=https://www.vccircle.com/logistics-firm-xpressbees-raises-35-mn-from-alibaba |access-date= |website=VCCircle |language=en-US}}</ref><ref name=":0">{{Cite news |last=Balakrishnan |first=Reghu |date=2020-11-10 |title=PE funds invest Rs 800 crore in Xpressbees |url=https://economictimes.indiatimes.com/tech/funding/pe-funds-invest-rs-800-crore-in-alibaba-backed-xpressbees/articleshow/79124674.cms?from=mdr |access-date= |work=The Economic Times |issn=0013-0389}}</ref>

By 2020, Xpressbees had expanded beyond e-commerce delivery to provide third-party warehousing and heavy cargo services.<ref>{{Cite news |date=2024-08-01 |title=FirstCry: Meet the man behind the baby products business that grew into a giant |url=https://economictimes.indiatimes.com/industry/services/retail/firstcry-meet-the-man-behind-baby-business-that-grew-into-a-giant/articleshow/112202021.cms?from=mdr |access-date= |work=The Economic Times |issn=0013-0389}}</ref> In the same year, it raised about ₹800 crore (US$110 million) from a consortium including [[Investcorp]], [[Norwest Venture Partners]], and Gaja Capital.<ref>{{Cite news |last=Bhatla |first=Prabhjeet |date=2020-11-10 |title=Xpressbees Raises $110 Mn In Series E Funding Led By Investcorp, Norwest Venture Partners and Gaja Capital |url=https://www.entrepreneur.com/en-in/finance/funding-alert-xpressbees-raises-110-mn-in-series-e/359372 |url-status=live |archive-url=https://web.archive.org/web/20250622014501/https://www.entrepreneur.com/en-in/finance/funding-alert-xpressbees-raises-110-mn-in-series-e/359372 |archive-date=2025-06-22 |access-date= |work=Entrepreneur |language=en}}</ref><ref name=":0" /> In February 2022, the company secured US$300 million in a Series F round led by Blackstone Growth, TPG Growth, and ChrysCapital, which brought its valuation above US$1 billion.<ref>{{Cite web |last=Soni |first=Yatti |date=2022-02-09 |title=Xpressbees raises $300 million in funding from Blackstone, TPG, and ChrysCapital |url=https://www.thehindubusinessline.com/companies/xpressbees-turns-unicorn/article64997895.ece |access-date= |website=BusinessLine |language=en}}</ref><ref>{{Cite news |date=9 February 2022 |title=Xpressbees raises $300 mn in funding from Blackstone Growth, others |url=https://www.livemint.com/companies/start-ups/xpressbees-raises-300-mn-in-funding-from-blackstone-growth-others-11644400575072.html |work=mint}}</ref>

Subsequent funding included US$40 million from Khazanah Nasional Berhad in early 2023<ref name=":2">{{Cite web |date=2023-04-29 |title=Xpressbees raises $40 million from Khazanah |url=https://www.financialexpress.com/market/xpressbees-raises-40-million-from-khazanah-3068018/ |access-date= |website=The Financial Express |language=en}}</ref> and US$80 million from the [[Ontario Teachers' Pension Plan|Ontario Teachers’ Pension Plan]] in November 2023.<ref name=":2" /><ref>{{Cite web |last=Kaur |first=Jaspreet |date=2022-08-02 |title=Logistics Unicorn Xpressbees Bags INR 195 Cr From Avendus Future Leaders Fund II |url=https://inc42.com/buzz/logistics-unicorn-xpressbees-bags-inr-195-cr-from-avendus-future-leaders-fund-ii/ |access-date= |website=Inc42 Media |language=en}}</ref>

== Partnerships and acquisitions ==
In February 2021, Xpressbees acquired NimbusPost, a shipping aggregation service provider.<ref>{{Cite web |last=Rana |first=Karvi |date=2021-06-02 |title=XpressBees, Unicommerce join hands to streamline e-commerce operations for online sellers |url=https://www.logisticsinsider.in/xpressbees-unicommerce-join-hands-to-streamline-e-commerce-operations-for-online-sellers/ |access-date= |website=Logistics Insider |language=en-US}}</ref> In June 2021, the company announced a partnership with Unicommerce, a supply chain software platform. The following month, it entered into a strategic partnership with SpiceXpress,<ref>{{Cite web |last=Rana |first=Karvi |date=2021-07-26 |title=Xpressbees enters into a strategic partnership with SpiceXpress |url=https://www.logisticsinsider.in/xpressbees-enters-into-a-strategic-partnership-with-spicexpress/ |access-date= |website=Logistics Insider |language=en-US}}</ref> the cargo division of [[SpiceJet]], to support air-freight operations across select Indian cities.<ref>{{Cite web |last=Sharma |first=Shubham |date=2021-07-26 |title=In Brief: XpressBees, SpiceXpress partner; Meesho waives commission to court more MSMEs |url=https://www.techcircle.in/2021/07/26/in-brief-xpressbees-spicexpress-partner-meesho-waives-commission-to-court-more-msmes |access-date= |website=Techcircle |language=en}}</ref>

In August 2023, Xpressbees acquired Trackon Courier, a New Delhi-based courier company, in an all-cash transaction.<ref>{{Cite news |last=Mishra |first=Digbijay |date=2023-08-14 |title=Logistics firm Xpressbees buys Trackon in all-cash deal |url=https://economictimes.indiatimes.com/tech/technology/logistics-firm-xpressbees-buys-trackon-in-all-cash-deal/articleshow/102701821.cms?from=mdr |access-date= |work=The Economic Times |issn=0013-0389}}</ref> The company is also a logistics partner on the Government of India's [[Open Network for Digital Commerce]] (ONDC).<ref>{{Cite web |last= |date=November 24, 2023|title=ONDC onboards logistics firm XpressBees - ET Retail |url=https://retail.economictimes.indiatimes.com/news/e-commerce/ondc-onboards-logistics-firm-xpressbees/105461512 |access-date= |website=ETRetail.com |language=en}}</ref>

== Operations ==
As of March 2025, Xpressbees stated that it operated about 4,500 service centres and 250 hubs,<ref>{{Cite web |last= |first= |date=2025-06-09 |title=Xpressbees appoints Tarun Agarwal as VP-B2C first mile operations |url=https://www.thehindubusinessline.com/economy/logistics/xpressbees-appoints-tarun-agarwal-as-vp-to-lead-b2c-first-mile-operations/article69674599.ece |access-date= |website=BusinessLine |language=en}}</ref><ref>{{Cite web |last=Manzar |first=Nishat |date=2023-11-30 |title=Xpressbees – India's Leading Logistics Service Provider |url=https://www.businessoutreach.in/xpressbees-success-story/ |access-date= |website=Business Outreach}}</ref> and engaged more than 28,000 delivery partners.<ref name=":1" />

== Recognition ==
In March 2025, ''[[Fortune (magazine)|Fortune India]]'' included XpressBees among five logistics ventures profiled in its ''Most Promising Startups'' issue.<ref name=":1" />

== References ==
{{reflist}}

== External links ==
* {{Official website|https://www.xpressbees.com/}}

[[Category:Companies based in Pune]]
[[Category:2015 establishments in Maharashtra]]
[[Category:Logistics companies of India]]

Xpressbees - Revision history

AndreaV955081450: done!