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Receiving and delivering goods are the indispensable part of every industry. Collecting the resources, segregating and allocating the specific deliverer are the important measures 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 Startup.
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 |
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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 name ‘Xpressbees’ depicts the rapidity of the company in its distribution and conveyance. ‘Delivering Happiness’ is the Tagline of Xpressbees.
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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 Cr. In FY18, it was INR 270.83. Xpressbees is associated with SAIF Partners, Paytm, Chiratae Ventures, and a lot more ventures.
Xpressbees – Funding and Investors
The company has acquired a funding of $167.6M over seven rounds. The company received a $10M funding from Alibaba Group in January 2020. And also the highest investors of Xpressbees are Alibaba Group and InnoVen Capital with an amount of $100M and INR350M.
| 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 |
Xpressbees – Business Model and Revenue Model
Xpressbees operates on B2B and B2C business 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.
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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.
Ecom Express Private Limited is a leading end-to-end logistics solutions provider with a focus on speed, safe and reliable nation-wide express delivery services to e-commerce industry.
Delhivery’s aim is to build the operating system for commerce in India. We provide parcel transportation, warehousing, freight, reverse logistics, cross-border and technology services to over 10000 customers including all of India’s largest e-commerce companies and leading enterprises.
EKART is India's largest logistics and supply chain company delivering 10 million shipments a month to 3800+ pin codes. Established in 2009, EKART as Flipkart's in-house supply chain arm has powered the growth of Flipkart with innovations such as Cash on Delivery, In-a-day guarantee.
FSC India’s largest organised third-party supply chain and logistics service provider. We offer automated and IT-enabled warehousing, distribution and other logistics solutions to a wide range of customers. Our service offerings, warehousing structure, pan-India distribution network,” hub-and-spoke” transportation model and automated technology systems support our competitive market position.
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.
