Introduction
XpressBees, a prominent player in the logistics sector in India, has been making waves with its strategic initiatives and innovative approaches.
Founded with the vision of providing efficient and reliable logistics solutions, XpressBees has steadily grown to become a key participant in the dynamic Indian e-commerce landscape.
- Headquarter – Pune, Maharashtra, India
- Sector – Air Freight & Logistics
- Founders – Amitava Saha & Supam Maheswari
- Founded – 2015
What is the Historical Performance Summary Report?
Historical Performance Summary Report is our endeavor to delve deeper into a company’s market performance across the years, all through the lens of data. As a robust data intelligence platform, these reports serve as a testament to the capabilities of the PrivateCircle Research dashboard.
Why XpressBees?
Logistics major, XpressBees raised a massive $80 million funding in November, 2023 which was one of the top deals last month. In this historical report, we try to find out what is driving investor confidence in XpressBees.
One of the notable aspects of XpressBees is its extensive reach, spanning across various regions in India. The company has strategically expanded its services to over 20,000 pin codes, catering to the diverse needs of businesses and consumers nationwide.
This wide coverage has contributed to XpressBees’ reputation as a reliable logistics partner in the country.
The company’s comprehensive logistics infrastructure, which includes warehouses, delivery centers, and a diverse fleet of vehicles, is complemented by a technology-driven approach.
This approach ensures efficient order processing, real-time tracking, and timely deliveries, aligning with the evolving demands of the digital age.
In a strategic move, XpressBees recently joined the Open Network for Digital Commerce (ONDC), aiming to further enhance its capabilities and contribute to the growth of the e-commerce industry.
This move underscores XpressBees’ adaptability and willingness to align with broader industry frameworks.
Watch our ‘It’s-A-Big-Deal’ series’ episode 4, where we talk about one of the earlier deals of XpressBees.
Beyond its operational prowess, XpressBees is dedicated to empowering small and medium enterprises (SMEs) across the country.
The company’s inclusion in ONDC is a testament to its commitment to fostering entrepreneurship and catalyzing e-commerce growth, ultimately contributing to the digital economy’s expansion in India.
XpressBees Peers
- BigFoot Retail Solutions Private Limited (Shiprocket) with Revenue ₹11.3 Bn FY 2023 and 3-yr CAGR 89.64% FY 2023
- Delhivery Freight Services Private Limited (Delhivery) with Revenue ₹2.2 Bn FY 2022 and CAGR 96.66% FY 2022
- Shadowfax Technologies Private Limited (Shadowfax) with Revenue Revenue ₹14.2 Bn FY 2023 and 3-yr CAGR 62.37% FY 2023
- Instakart Services Private Limited (eKart) Revenue ₹130.0 Bn FY 2023 and 3-yr CAGR 38.75% FY 2023
Conclusion
XpressBees continues to be a notable force in India’s logistics sector, marked by its expansive reach, technological prowess, and strategic collaborations.
As the company navigates the complexities of the ever-evolving business landscape, its commitment to efficiency, innovation, and empowerment remains at the forefront of its operations.
Interested in how you can research such in-depth analysis in minutes? sign up on our platform – privatecircle.co/research and find out.
Try our FREE trial/demo to access reliable data, intelligence, and insights. Lead your research on 1.7 million private unlisted companies across 500+ data categories with confidence.
References
More HPSRs from PrivateCircle Research
Historical Performance Summary Report: CleanMax 2023
Historical Performance Summary Report: WayCool 2023