Xpressbees – India’s Leading Logistics Service Provider!
📄Company Profiles
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations.
Receiving and delivering goods is an 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 10,001 employees.
Here are the most recent developments about Xpressbees, including its funding and investors, company and revenue strategy, funding rounds, name and slogan, growth and investors, competitors, and more.
Xpressbees - Company Highlights
| Startup Name | Xpressbees |
|---|---|
| Headquarters | Pune, Maharashtra, India |
| Sector | E-Commerce |
| Founders | Amitava Saha, Supam Maheshwari |
| Founded | 2015 |
| Parent Organization | Busybees Logistics Solutions Private Limited |
| Website | xpressbees.com |
Xpressbees – About
Xpressbees – Industry
Xpressbees – Founders and Team
Xpressbees – Vision and Mission
Xpressbees – Name, Tagline, and Logo
Xpressbees – Business Model and Revenue Model
Xpressbees – Funding and Investors
Xpressbees – Financials
Xpressbees – Product and Service
Xpressbees – Acquisitions
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 E-commerce Logistics, Express Cargo, Cross-border Logistics, and Fulfillment Services. With modest, cutting-edge technology and Reverse Logistics, Xpressbees fulfills the customers’ needs with timely delivery. Xpressbees is associated with brands like Flipkart, ICICI Bank, TATA Cliq, Schneider Electric, and many others.
Xpressbees – Industry
The logistics and courier delivery services industry is an ever-expanding sector across the globe. Statista referred logistics industry as one of the "backbones of international trade worth over 5.7 trillion euros." The global market size of the logistics industry is over $8.5 trillion.
The Indian logistics market is not alien to growth either. It was last valued at around $250 billion in 2021, which has the potential to grow by $380 billion by 2025. This growth that the courier and logistics industry expects is because of the emergence of new-age courier and delivery companies and startups that are fuelled by cutting-edge technology.
Xpressbees – Founders and Team
Supam Maheshwari and Amitava Saha are the Founders of Xpressbees.
Supam Maheshwari
Supam founded his first venture, FirstCry.com in 2010. He did his BTech in Delhi College of Engineering and he is a graduate of IIM Ahmedabad. Supam was the co-founder and CEO of Brainvisa Technologies from 2000–2009, which he started with Amitava Saha and eventually sold it. Maheshwari is currently known as the Co-founder of Xpressbees.
Megha Rani
Amitava Saha
Amitava Saha is also the Co-founder of FirstCry.com along with being the Co-founder and CEO at Xpressbees. He was a BTech student at IIT Varanasi and then obtained a PGDM degree from IIM Lucknow. Before founding Xpressbees with Supam, Amitava has served as a Senior Officer at Tata Steel; a Sr. Business Development Executive at NIIT Technologies, and a Business Development Manager at Aricent. He then started with Brainvisa Technologies, where he served as a Director, and a VP, who was eventually promoted to the position of Senior VP. Amitava Saha then decided to found FirstCry, where he served as the Co-founder and COO, after which he founded Xpressbees. He has more than 17 years of experience in sales and operations.
The company currently works with more than 10,001 employees.
Xpressbees – Vision and Mission
The vision and mission of Xpressbees are to evolve as the best logistics solutions provider for 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's distribution and conveyance. ‘Delivering Happiness’ is the Tagline of Xpressbees.
Xpressbees – Business Model and Revenue Model
The Xpressbees business model operates on B2B, B2C, Cross Border & 3PL Logistic Service Provider 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 cross-border strategy is focused on offering customers a straightforward, seamless door-to-door service, regardless of the amount of luggage that needs to be transported. 3PL Logistic business model involves of commitment of outsourcing its distribution services to third-party logistics businesses. The major source of revenue for Xpressbees also lies in the fulfillment services which comprises warehousing and transportation.
Vibhavari Madki
Xpressbees – Funding and Investors
The Xpressbees funding rounds have helped the company raise $622.4 million over 11 rounds of funding. The last round that Xpressbees received on November 6, 2023, was worth $80 million , which came from Teacher's Venture Growth.
| Date | Stage | Amount | Investors |
|---|---|---|---|
| November 6, 2023 | Series G | $80 million | Teachers’ Venture Growth |
| April 28, 2023 | Secondary Market | $40 million | Khazanah Nasoinal |
| August 2, 2022 | Secondary Market | $24 million | Avendus Future Leaders |
| February 9, 2022 | Series F | $300 million | Blackstone Group, TPG Growth, Chrys Capital |
| November 10, 2020 | Series E | $110 million | Gaja Capital, Investcorp, Norwest Venture Partners |
| January 3, 2020 | Series D | $10 million | Alibaba Group |
| February 20, 2019 | Debt Financing | $4.45 million | InnoVen Capital |
| January 30, 2018 | Series D | $29.30 million | Alibaba Group |
| January 3, 2018 | Corporate Round | $100 million | Alibaba Group |
| February 1, 2017 | Venture Round | - | - |
| February 19, 2016 | Seed A | $12.4 million | - |
| September 1, 2015 | Seed | $5 million | - |
Xpressbees – Financials
| Xpressbees Financials | FY24 | FY23 |
|---|---|---|
| Operating Revenue | INR 2831 crore | INR 2521 crore |
| Total Expenses | INR 3143 crore | INR 2785 crore |
| Profit/Loss | INR -200 crore | INR -180 crore |
EBITDA
With expenses growing faster than revenue, XpressBees' net loss widened by 11%, rising to INR 200 crore in FY24 from INR 180 crore in FY23. However, the Pune-based firm achieved EBITDA positivity, reporting an EBITDA of INR 5 crore for the same period. The company’s ROCE stood at -8.32%, while its EBITDA margin came in at a modest 0.17%. On a per-unit basis, XpressBees spent INR 1.11 to earn every rupee in revenue during FY24.
ExpressBees recorded current assets worth INR 1867 crore in FY24 including INR 1331 crore in cash and bank balances.
| Xpressbees FY23-FY24 | FY24 | FY23 |
|---|---|---|
| EBITDA Margin | 0.17% | -1.73% |
| Expense/INR of Op Revenue | INR 1.10 | INR 1.11 |
| ROCE | -10.79% | -8.32% |
Vidhi Punamiya
Xpressbees - Partnership
SpiceXpress
On July 26, 2021, Xpressbees declared that, in an effort to bolster its position in the logistics industry, it had formed an exclusive strategic business partnership with SpiceXpress.
ONDC
The Open Network for Digital Commerce (ONDC) and e-commerce logistics company Xpressbees have partnered up on November 23, 2023, to provide broad delivery services throughout 20,000 pin codes in India.
Xpressbees - Product and Service
Same Day, Next Day Deliveries for D2C brands
On June 21, 2022, Xpressbees introduced same-day delivery (SDD) and next-day delivery (NDD) platforms aimed at traditional brands and direct-to-consumer (D2C) businesses.
XPRESSATHON
Declare that in December 2021, Xpressbees will present "Xpressathon," the first-ever pan-Indian coding innovation contest. Developers, analysts, and the programming community are invited to take part in Xpressathon, a virtual challenge, and create solutions that could potentially address some of the real-time logistic
Xpressbees – Acquisitions
Xpressbees, has recently acquired Trackon, a courier-based business that was founded in January 2002. Over 5,000 pin codes have been served, and more than 2 lakh consignments have been handled since it began with two sites in Delhi and Mumbai. It has a presence all across the nation.
Xpressbees – Competitors
The major competitors of Xpressbees are:
- Ecom Express
- Delhivery
- DTDC
- FSC
- Ekart Logistics
Xpressbees withstands its position with an expansive network and matchless logistics services.
Xpressbees – Future Plans
Xpressbees' future plans include expanding their delivery network, leveraging technology for efficiency, and exploring new business avenues like B2B deliveries and omnichannel solutions. They aim to offer a premium service with an emphasis on technology and to continue expanding their presence in smaller cities and towns. Additionally, they are looking to acquire companies like Trackon to further their reach in the SME courier space.
FAQs
Who is the owner of Xpressbees?
Xpressbees is owned by Busybees Logistics Solutions, which was founded by Amitava Saha and Supam Maheshwari.
Who are the Xpressbees competitors?
Some Xpressbees competitors are Ecom Express, Delhivery, FSC, Ekart Logistics and DTDC.
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.
Who is the CEO of Xpressbees?
The CEO of Xpressbees is Amitava Saha.
Must have tools for startups - Recommended by StartupTalky
- Convert Visitors into Leads- SeizeLead
- Website Builder SquareSpace
- Manage your business Smoothly Google Business Suite
