About XpressBees
XpressBees is a company based in Pune (India) founded in 2015 by Supam Maheshwari and Amitava Saha.. XpressBees has raised $320.63 million across 8 funding rounds from investors including Paytm, Alibaba Group and Blackstone. The company has 3,498 employees as of December 19, 2024. XpressBees has completed 1 acquisition, including TrackOn. XpressBees operates in a competitive market with competitors including Delhivery, Shadowfax, Holisol, Parcellab and Prozo, among others.
- Headquarter Pune, India
- Employees 3498 as on 19 Dec, 2024
- Founders Supam Maheshwari, Amitava Saha
- Stage Unicorn
-
Sectors
Transportation, Automotive & LogisticsRetail
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Busybees Logistics Solutions Private Limited
- Date of Incorporation 13 Aug, 2015
- Jurisdiction Pune, Maharashtra, India
-
Annual Revenue
$313.14 M (USD)34.94as on Mar 31, 2023
-
Net Profit
$-21.69 M (USD)-564.94as on Mar 31, 2023
-
EBITDA
$-14.12 M (USD)-719.2as on Mar 31, 2023
-
Total Equity Funding
$320.63 M (USD)
in 8 rounds
-
Latest Funding Round
$80 M (USD), Series G
Nov 07, 2023
-
Investors
Paytm
& 22 more
-
Employee Count
3498
as on Dec 19, 2024
- Investments & Acquisitions
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Software Development Team
36 people
Leadership Team
26 people
Operations Team
18 people
Finance and Accounting
7 people
Product Management Team
6 people
Human Resources and Administration
4 people
Senior Team
3 people
Warehouse Team
2 people
Unlock access to complete
Funding Insights of XpressBees
XpressBees has successfully raised a total of $320.63M across 8 strategic funding rounds. The most recent funding activity was a Series G round of $80 million completed in November 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series G — $80.0M
-
First Round
First Round
(05 Nov 2015)
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Series G - XpressBees | Valuation | Ontario Teachers' Pension Plan | |
| Feb, 2022 | Amount | Series F - XpressBees | Valuation | Blackstone , TPG | |
| Nov, 2020 | Amount | Series E - XpressBees | Valuation | Norwest Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in XpressBees
XpressBees has secured backing from 23 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Paytm, Alibaba Group and Blackstone. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Diversified investment management is provided across multiple asset classes.
|
Founded Year | Domain | Location | |
|
Fund of funds focused on pre-seed and seed-stage companies
|
Founded Year | Domain | Location | |
|
Investment firm focusing on private equity in sectors like financial services and healthcare.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by XpressBees
XpressBees has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include TrackOn. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Courier and delivery services are provided by TrackOn in India.
|
2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - XpressBees
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Xpressbees Comparisons
Competitors of XpressBees
XpressBees operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Delhivery, Shadowfax, Holisol, Parcellab and Prozo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Integrated logistics services including parcel delivery and warehousing are provided.
|
|
| domain | founded_year | HQ Location |
Express delivery logistics solutions are provided for businesses and individuals.
|
|
| domain | founded_year | HQ Location |
End-to-end supply chain, fulfilment, and IT solutions are provided.
|
|
| domain | founded_year | HQ Location |
Connects online merchants with their customers
|
|
| domain | founded_year | HQ Location |
Online platform offering wholesale and business-focused e-commerce solutions
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Xpressbees
Frequently Asked Questions about XpressBees
When was XpressBees founded?
XpressBees was founded in 2015.
Where is XpressBees located?
XpressBees is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Who is the current CEO of XpressBees?
Amitava Saha is the current CEO of XpressBees. They have also founded this company.
Is XpressBees a funded company?
XpressBees is a funded company, having raised a total of $320.63M across 8 funding rounds to date. The company's 1st funding round was a Series E of $110M, raised on Nov 05, 2015.
How many employees does XpressBees have?
As of Dec 19, 2024, the latest employee count at XpressBees is 3,498.
What is the annual revenue of XpressBees?
Annual revenue of XpressBees is $313.14M as on Mar 31, 2023.
What does XpressBees do?
XpressBees was founded in 2015 in Pune, India, within the logistics sector. End-to-end domestic supply chain solutions and international logistics services are offered to e-commerce businesses, individuals, and various clients. Technology-enabled platforms facilitate real-time shipment tracking, on-time deliveries, cargo handling, cross-border transactions, imports, exports, warehousing, inventory management, order fulfillment, and returns processing. Integration with online marketplaces supports stock and order oversight for small businesses to large enterprises.
Who are the top competitors of XpressBees?
How many acquisitions has XpressBees made?
XpressBees has made 1 acquisition, including TrackOn.
Who are XpressBees's investors?
XpressBees has 23 investors. Key investors include Paytm, Alibaba Group, Blackstone, TPG, and Gaja Capital.
What is XpressBees's valuation?
The valuation of XpressBees is $1.47B as of Nov 2023.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.