About Xpresslane
Xpresslane is a company based in Bengaluru (India) founded in 2016 by Madhukar Reddimasi and Ashwin Koorakula.. Xpresslane has raised $464.43 thousand across 2 funding rounds from investors including Manipal Technologies, PointOne Capital and Sarcha Advisors. The company has 8 employees as of April 07, 2024. Xpresslane operates in a competitive market with competitors including Shopflo, Nimbbl, Fastrr, Dashh and 1Checkout, among others.
- Headquarter Bengaluru, India
- Employees 8 as on 07 Apr, 2024
- Founders Madhukar Reddimasi, Ashwin Koorakula
- Stage Minicorn
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Sectors
RetailFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Bueno Labs Private Limited
- Date of Incorporation 13 Jul, 2016
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$408.53 (USD)0as on Mar 31, 2022
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Net Profit
$-190.18 K (USD)-2527.58as on Mar 31, 2022
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EBITDA
$-175.81 K (USD)-2839.8as on Mar 31, 2022
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Total Equity Funding
$464.43 K (USD)
in 2 rounds
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Latest Funding Round
$424.3 K (USD), Seed
Aug 14, 2021
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Investors
Manipal Technologies
& 38 more
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Employee Count
8
as on Apr 07, 2024
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Funding Insights of Xpresslane
Xpresslane has successfully raised a total of $464.43K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $424.3 thousand completed in August 2021. 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 2
- Last Round Seed — $424,298
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First Round
First Round
(21 Jul 2020)
- Investors Count 39
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Seed - Xpresslane | Valuation | Opus Consulting Solutions | |
| Jul, 2020 | Amount | Angel Round - Xpresslane | Valuation | Vetrichelvan Jeyapalpandy , Vetrichelvan Reddy |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Xpresslane
Xpresslane has secured backing from 39 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Manipal Technologies, PointOne Capital and Sarcha Advisors. 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 |
|---|---|---|---|---|
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Venture capital fund investing in pre-seed tech startups with support services.
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Founded Year | Domain | Location | |
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Angel network focused on the fintech sector
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Founded Year | Domain | Location | |
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IT services specializing in payment processing and gateways are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Xpresslane
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Xpresslane
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Xpresslane Comparisons
Competitors of Xpresslane
Xpresslane 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 Shopflo, Nimbbl, Fastrr, Dashh and 1Checkout, 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 |
Provider of checkout suite solutions for e-tailers
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| domain | founded_year | HQ Location |
One-click checkout and payment solutions for online businesses are provided.
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| domain | founded_year | HQ Location |
Delivers one-click checkout software to enhance e-commerce operations.
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| domain | founded_year | HQ Location |
A platform providing one-click checkout solutions for Shopify businesses.
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| domain | founded_year | HQ Location |
Provides fast checkout, payment options, and fraud prevention for online stores.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Xpresslane
When was Xpresslane founded?
Xpresslane was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is Xpresslane located?
Xpresslane is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Xpresslane?
Ashwin Koorakula is the current CEO of Xpresslane. They have also founded this company.
Is Xpresslane a funded company?
Xpresslane is a funded company, having raised a total of $464.43K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $40.14K, raised on Jul 21, 2020.
How many employees does Xpresslane have?
As of Apr 07, 2024, the latest employee count at Xpresslane is 8.
What is the annual revenue of Xpresslane?
Annual revenue of Xpresslane is $408.53 as on Mar 31, 2022.
What does Xpresslane do?
Xpresslane was founded in 2016 in Bengaluru, India, within the fintech sector focused on e-commerce payments. The platform is integrated with existing online systems to facilitate transactions through credit and debit cards, net banking, cash on delivery, and additional methods. An analytics module is included to monitor key performance indicators for retailers. Operations are centered on streamlining checkout processes for various digital marketplaces.
Who are the top competitors of Xpresslane?
Who are Xpresslane's investors?
Xpresslane has 39 investors. Key investors include Manipal Technologies, PointOne Capital, Sarcha Advisors, Yatra Angel Network, and Tsquaresurge.
What is Xpresslane's valuation?
The valuation of Xpresslane is $2.29M as of Aug 2021.