# Xpressbees

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xpressbees

- Industry: Logistics & Distribution
- Headquarters: Pune, India
- Website: www.xpressbees.com
- Total disclosed funding: $208M
- Latest round: Series F (Mar 10, 2022)
- Investors on record: 16

## About

Xpressbees is an Indian logistics company specializing in efficient supply chain solutions, including express delivery, warehousing, and fulfillment services, leveraging advanced technology to optimize operations.Founded in 2015 in Pune, India, Xpressbees is focused on providing comprehensive logistics services. The company has attracted significant investment, with the latest funding round being a Series G worth USD 80.00 mn led by Ontario Teachers' Pension Plan on November 7, 2023. Xpressbees has raised a total of USD 80.00 mn to date, attaining a company valuation of USD 1,500.00 mn. The company's founders include Abhilash Pant, Amitava Saha, and Rahul Deshmukh, with Amitava Saha serving as the CEO.XpressBees provides a suite of logistics solutions including express parcel delivery, reverse logistics, B2B logistics, warehousing, and fulfillment services. Utilizing AI-powered tracking and automated hubs, the company ensures operational efficiency and real-time shipment visibility, serving clients across e-commerce, FMCG, pharmaceuticals, and fashion sectors, both in India and internationally.In the most recent fiscal year 2023, XpressBees reported a revenue of USD 315.42 mn, while the EBITDA for the same period was USD -12.49 mn, indicating the company's financial performance amid its ongoing expansion efforts.Following the Series G funding round in November 2023, Xpressbees plans to utilize the USD 80.00 mn to further scale its operations. Expansion into new geographic markets is also anticipated, although specific regions have yet to be disclosed. The company continues to develop its product offerings to enhance its service portfolio, aligning with its strategy for growth.

## Funding rounds

- Series F, Mar 10, 2022, $99M — Blackstone Group, TPG, ChrysCapital, Norwest Venture Partners, Investcorp, Anchor Partners, Sage Investment Trust
- Series E, Nov 9, 2020, $84M — Norwest Venture Partners, Investcorp, Gaja Capital Partners, InnoVen Capital, Special Situation Investment A Pte. Ltd.
- Series A, Feb 19, 2016, $12M — New Enterprise Associates, Vertex Ventures Southeast Asia & India, Chiratae Ventures, Valiant, Elevation Capital
- Series A, Feb 8, 2016, $7.9M — Vertex Ventures Southeast Asia & India, SAIF Partners
- Seed, Sep 1, 2015, $5M — New Enterprise Associates, Vertex Ventures Southeast Asia & India, Chiratae Ventures, Valiant, Elevation Capital

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Seed, Series A
- Vertex Ventures Southeast Asia & India (https://capitalatlas.ai/funds/vertex-ventures-southeast-asia-india) — Seed, Series A
- Chiratae Ventures (https://capitalatlas.ai/funds/chiratae-ventures) — Seed, Series A
- Valiant (https://capitalatlas.ai/funds/valiant) — Seed, Series A
- Elevation Capital — Seed, Series A
- SAIF Partners (https://capitalatlas.ai/funds/saif-partners) — Series A
- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series E, Series F
- Investcorp — Series E, Series F
- Gaja Capital Partners (https://capitalatlas.ai/funds/gaja-capital-partners) — Series E
- InnoVen Capital — Series E
- Special Situation Investment A Pte. Ltd. — Series E
- Blackstone Group (https://capitalatlas.ai/funds/blackstone-group) — Series F
- TPG (https://capitalatlas.ai/funds/tpg) — Series F
- ChrysCapital (https://capitalatlas.ai/funds/chryscapital) — Series F
- Anchor Partners — Series F
- Sage Investment Trust — Series F