Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Xpressbees.
Receiving and delivering goods are the indispensable part of every industry. Collecting the resources, segregating and allocating the specific deliverer are important measures undertaken to meet the standards of customers. It keeps the stream of the e-commerce industry alive.
Xpressbees is India’s leading logistics service provider and it has a great network of supply chain management across the country. The company was started in 2015 and now, it has more than 20,000 employees. Let us see the detailed description of the logistics Startup in India.
Xpressbees - Company Highlights
| Startup Name | Xpressbees |
|---|---|
| Sector | E-Commerce |
| Headquarters | Pune, Maharashtra |
| Founded | 2015 |
| Founders | Amitava Saha, Supam Maheshwari |
| Parent Organization | Busybees Logistics Solutions Private Limited |
| Website | www.xpressbees.com |
| Contact | customercare@xpressbees.com |
Rishabh Rathi
Xpressbees – About
Xpressbees – Founders and Team
Xpressbees – Vision and Mission
Xpressbees – Name, Tagline and Logo
Xpressbees – Growth and Revenue
Xpressbees – Funding and Investors
Xpressbees – Business Model and Revenue Model
Xpressbees – Competitors
Xpressbees – Future Plans
Xpressbees – About
Xpressbees was started in 2015 by Amitava Saha and Supam Maheshwari. With its exclusive transportation and delivery framework, the company offers a variety of logistics services locally and globally. It names the services as Ecommerce Logistics, Express Cargo, Cross-border Logistics, Fulfillment Services. With modest cutting-edge technology and Reverse Logistics, Xpressbees fulfills the customers’ needs with timely delivery.
Xpressbees – Founders and Team
Supam Maheshwari and Amitava Saha are the Founders of Xpressbees. Supam founded his first venture FirstCry.com in 2010. He did his B.Tech in Delhi College of Engineering and he is a graduate from IIM Ahmedabad. Supam was the co-founder and CEO of Brainvisa Technologies from 2000-2009. Amitava Saha is also the co-founder of FirstCry.com and he has more than 17 years of experience in sales and operation. Now, the company works with more than 5000 employees.
Xpressbees – Vision and Mission
The vision and mission of Xpressbees is to evolve as the best logistics solutions provider with all import and export services.
Xpressbees – Name, Tagline and Logo
The XpressBees logo has the words XpressBees delivering happiness on it. The name ‘Xpressbees’ depicts the rapidity of the company in its distribution and conveyance. ‘Delivering Happiness’ is the Tagline of Xpressbees.
Vidhi Punamiya
Xpressbees – Growth and Revenue
Xpressbees started with 50,000 shipments per day and now it is executing more than 1.5 million shipments per day. The company has more than 5000 employees, 2000 offices and service centers, and is functional across 1400 cities. In the financial year 2019, the company’s business operations increased by 99.7% which amounts to INR 540.95 Crore. In FY18, it was INR 270.83 Crore. Xpressbees is associated with SAIF Partners, Paytm, Chiratae Ventures, and a lot more ventures.
Xpressbees – Funding and Investors
The Xpressbees funding rounds have led to them raising of $277.6 Million over seven rounds. The company received a $10 Million funding from Alibaba Group in January 2020.
| Date | Stage | Amount | Investors |
|---|---|---|---|
| Spetember, 2015 | Seed | $5M | - |
| February, 2016 | Seed A | $12.4M | - |
| February, 2017 | Venture Round | - | - |
| January, 2018 | Corporate Round | $100M | Alibaba Group |
| January, 2018 | Series D | INR2.3B | Alibaba Group |
| February, 2019 | Debt Financing | INR350M | InnoVen Capital |
| January, 2020 | Series D | $10M | Alibaba Group |
| November, 2020 | Series E | $110M | Gaja Capital, Investcorp, Norwest Venture Partners |
Xpressbees – Business Model and Revenue Model
The Xpressbees business model operates on B2B and B2C models. Their B2B business model involves providing services to other companies and online markets. B2C E-Commerce model includes selling goods to the end customers. The major source of revenue for Xpressbees also lies in the fulfillment services which comprises warehousing and transportation.
Vibhavari Madki
Xpressbees – Competitors
The major competitors of Xpressbees are Ecom Express, Delhivery, FSC and Ekart Logistics. Xpressbees withstands its position with an expansive network and matchless logistics services.
Xpressbees – Future Plans
The company works towards widening their partnership with industries and expanding their network with more centers, increased shipments, stronger connections and infrastructure.
"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.
Frequently Asked Questions - FAQs
Who is the owner of XpressBees?
Amitava Saha and Supam Maheshwari are the Co-Founders of XpressBees.
Who are the XpressBees competitors?
Some XpressBees competitors are Ecom Express, Delhivery, FSC and Ekart Logistics.
How does the XpressBees Revenue model work?
The major source of revenue for Xpressbees also lies in the fulfillment services which comprises warehousing and transportation.
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