Xpressbees

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Xpressbees
IndustryLogistics
Founded2015
Founder(s)Amitava Saha
Headquarters
Pune, Maharashtra
,
India
Key people
Amitava Saha (Managing Director & CEO)
RevenueIncrease ₹1,904.4 crore (FY22)[1]
Decrease ₹−27.1 crore (2022)[1]
Websitewww.xpressbees.com

Xpressbees (legally Busybees Logistics Solutions Private Limited)[2] 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. Its operations include parcel delivery, reverse logistics, warehousing, and cross-border shipping.[3][4][5]

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.[6] Its early investors included SAIF Partners (now Elevation Capital), IDG Ventures, and Vertex Ventures.[7] In 2017, Alibaba Group invested approximately $35 million in the company.[8][9]

By 2020, Xpressbees had expanded beyond e-commerce delivery to provide third-party warehousing and heavy cargo services.[10] In the same year, it raised about ₹800 crore (US$110 million) from a consortium including Investcorp, Norwest Venture Partners, and Gaja Capital.[11][9] 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.[12][13]

Subsequent funding included US$40 million from Khazanah Nasional Berhad in early 2023[14] and US$80 million from the Ontario Teachers’ Pension Plan in November 2023.[14][15]

Partnerships and acquisitions

In February 2021, Xpressbees acquired NimbusPost, a shipping aggregation service provider.[16] 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,[17] the cargo division of SpiceJet, to support air-freight operations across select Indian cities.[18]

In August 2023, Xpressbees acquired Trackon Courier, a New Delhi-based courier company, in an all-cash transaction.[19] The company is also a logistics partner on the Government of India's Open Network for Digital Commerce (ONDC).[20]

Operations

As of March 2025, Xpressbees stated that it operated about 4,500 service centres and 250 hubs,[21][22] and engaged more than 28,000 delivery partners.[5]

Recognition

In March 2025, Fortune India included XpressBees among five logistics ventures profiled in its Most Promising Startups issue.[5]

References

  1. ↑ 1.0 1.1 Mahtta, Priyal; Rawat, Aman (2022-11-16). "Xpressbees narrows losses". mint. Retrieved 2025-09-25.
  2. ↑ "CCI approves TPG, Blackstone acquiring stakes in Busybees Logistics | Company Business News". mint. 2022-03-23. Retrieved 2025-09-25.
  3. ↑ Sharma, Shweta (2021-04-15). "Watch: Xpressbees CEO on profitability, B2B Xpress and D2C market push". Techcircle.
  4. ↑ Singh, Manish (2023-11-07). "Ontario Teachers' fund backs Indian logistics unicorn Xpressbees in $80 million funding". TechCrunch.
  5. ↑ 5.0 5.1 5.2 Kumar, Ashutosh (2025-03-24). "How logistics startups are fuelling India's e-commerce explosion". Fortune India.
  6. ↑ Singh, Arti (2016-02-19). "Xpressbees raises $12.5M from SAIF Partners, IDG Ventures, others". Techcircle.
  7. ↑ Singh, Vishal (2016-02-19). "Ecommerce Logistics Firm Xpressbees Raises Over $12 Mn". Inc42 Media.
  8. ↑ J, Anand (30 January 2018). "Logistics firm Xpressbees raises $35 mn from Alibaba". VCCircle.
  9. ↑ 9.0 9.1 Balakrishnan, Reghu (2020-11-10). "PE funds invest Rs 800 crore in Xpressbees". The Economic Times. ISSN 0013-0389.
  10. ↑ "FirstCry: Meet the man behind the baby products business that grew into a giant". The Economic Times. 2024-08-01. ISSN 0013-0389.
  11. ↑ 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.
  12. ↑ Soni, Yatti (2022-02-09). "Xpressbees raises $300 million in funding from Blackstone, TPG, and ChrysCapital". BusinessLine.
  13. ↑ "Xpressbees raises $300 mn in funding from Blackstone Growth, others". mint. 9 February 2022.
  14. ↑ 14.0 14.1 "Xpressbees raises $40 million from Khazanah". The Financial Express. 2023-04-29.
  15. ↑ Kaur, Jaspreet (2022-08-02). "Logistics Unicorn Xpressbees Bags INR 195 Cr From Avendus Future Leaders Fund II". Inc42 Media.
  16. ↑ Rana, Karvi (2021-06-02). "XpressBees, Unicommerce join hands to streamline e-commerce operations for online sellers". Logistics Insider.
  17. ↑ Rana, Karvi (2021-07-26). "Xpressbees enters into a strategic partnership with SpiceXpress". Logistics Insider.
  18. ↑ Sharma, Shubham (2021-07-26). "In Brief: XpressBees, SpiceXpress partner; Meesho waives commission to court more MSMEs". Techcircle.
  19. ↑ Mishra, Digbijay (2023-08-14). "Logistics firm Xpressbees buys Trackon in all-cash deal". The Economic Times. ISSN 0013-0389.
  20. ↑ "ONDC onboards logistics firm XpressBees - ET Retail". ETRetail.com. November 24, 2023.
  21. ↑ "Xpressbees appoints Tarun Agarwal as VP-B2C first mile operations". BusinessLine. 2025-06-09.
  22. ↑ Manzar, Nishat (2023-11-30). "Xpressbees – India's Leading Logistics Service Provider". Business Outreach.

External links

Retrieved from "https://en.bharatpedia.org/w/index.php?title=Xpressbees&oldid=545896"
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