About Xpresslane
Xpresslane is a Retail company based in Bengaluru (India) founded in 2016 by Madhukar Reddimasi and Ashwin Koorakula. One-click checkout platform is integrated with online transaction systems. It operates in the Retail and Financial Services sectors. 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. Xpresslane was last valued at $2.29 million in August 2021. Its chief executive, as recorded, is Ashwin Koorakula. Its Indian entity Bueno Labs Private Limited reported revenue of ₹22.7 Lakh. Its focus areas include E-Commerce Enablers, Customer Experience Management, Checkout and One Click Purchase. Its competitors include Shopflo, Nimbbl and Fastrr; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Employees 8
- Founders Madhukar Reddimasi, Ashwin Koorakula
- Stage Minicorn
- SectorsRetailFinancial Services
- Email••••••••
- Website xpresslane.in
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Bueno Labs Private Limited
- Date of Incorporation 13 Jul, 2016
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹22.7 Lakh
FY 2023 · +6633% YoY
- Net Loss-₹1.57 Cr
FY 2023 · -689% margin
- EBITDA-₹1.33 Cr
FY 2023 · -586% margin
- Total Equity Funding$464.43K (USD)
in 2 rounds
- Latest Funding Round$424.3K (USD), Seed
Aug 2021
- InvestorsManipal Technologies
& 38 more
- Employee Count8
Associated legal entities of Xpresslane
Xpresslane operates through Bueno Labs Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Bueno Labs Private Limited CIN U72200KA2016PTC094967 | Active | 13 Jul 2016 | Bangalore, Karnataka | ₹0.2 Cr | 8 | 2 | View details |
Apps and channels of Xpresslane
its YouTube channel Team Xpresslane has 15 subscribers and 1 videos.
Videos from Xpresslane
The most watched videos on Xpresslane's YouTube channel, Team Xpresslane (15 subscribers). Click a video to play it here.
More on Team Xpresslane.
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 $464,433
- Total Rounds 2
- Last Round Seed — $424,298
- First Round $40,135
(Jul 2020)
- Investors Count 39
All 2 funding rounds of Xpresslane with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2021 | $424,298 | Seed | $2.29M | Opus Consulting Solutions | |
| Jul 2020 | $40,135 | Angel Round | $428,250 | Vetrichelvan Jeyapalpandy, Vetrichelvan Reddy |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2021 | $2.29M | •••••••• |
Last known valuation $2.29M (Aug 2021). 39 investors in total: 6 institutional and 33 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund investing in pre-seed tech startups with support services. | 2020 | pointone.capital | Bengaluru, India | |
Angel network focused on the fintech sector | 2020 | yatraangelnetwork.com | Mumbai, India | |
IT services specializing in payment processing and gateways are provided. | opusconsulting.com | Alpharetta, United States | ||
Diversified conglomerate operating across multiple industries | 1941 | manipaltechnologies.com | Manipal, India | |
Full-service corporate advisory firm | 2018 | sarchaadvisors.com | Gurugram, India | |
Offers hands-on growth consulting for startups in marketing, analytics, and hiring. | 2020 | tsquaresurge.com | Kanpur, India | |
RC Rohit Chanana | Angel investor, ex-SVP at Hero MotoCorp, focused on startups | unknown_098e8820b8ce46a48 | ||
MC Manish Chowdhary | unknown_8fd5ff1509a5438e8 | |||
KC Karan Chowdhary | Angel investor and entrepreneur, co-founder of WOW Skin Science, active in consumer brands | unknown_da526c5cc3ba41838 | ||
AU Arvind U S | unknown_2d41de8fb733460d9 |
Investor details for Xpresslane
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Bueno Labs Private Limited (Xpresslane)
Bueno Labs Private Limited is the primary company behind Xpresslane. The board of Bueno Labs Private Limited currently have 2 directors; the longest-serving is Ashwin Kumar Mallesh Koorakula, appointed in 2016. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashwin Kumar Mallesh Koorakula DIN 07537626 | Director | 13 Jul 2016 | 10 yrs 3 mo | Bueno Labs Private Limited |
| Shravani Nutalapati DIN 07689171 | Director | 15 Feb 2023 | 3 yrs 8 mo | Bueno Labs Private Limited |
People of Xpresslane
2 people are tracked at Xpresslane (2 in leadership); the tracked headcount is 8.
| Name | Role | Group |
|---|---|---|
Madhukar Reddimasi | Co-Founder | Leadership |
| Founder & CEO | Leadership |
Complete people profiles for Xpresslane
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Xpresslane
Figures of Bueno Labs Private Limited, the primary company behind Xpresslane, for FY 2023. Revenue was ₹22.7 Lakh (+6633% year on year). Net loss was -₹1.57 Cr (-689% margin). EBITDA was -₹1.33 Cr (-586% margin).
- ₹22.7 LakhRevenue · FY 2023 · +6633% YoY
- -₹1.57 CrNet loss · -689% margin
- -₹1.33 CrEBITDA · -586% margin
- ₹4.8 LakhPaid-up capital
- 8Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Bueno Labs Private Limited are on its company page.
Detailed financial statements for Xpresslane
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Xpresslane
4 dated milestones of Xpresslane across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Xpresslane is founded.
- Funding First funding round of $40K.
- Funding Latest funding round, Seed, of $424K.
- Milestone Reaches Minicorn status.
Competitors of Xpresslane
Xpresslane has 3 listed competitors in our database, 2 of them funded. They include Shopflo, Nimbbl and Fastrr.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| shopflo.com | 2021 | Delhi, India | $2.6M | 54 | Provider of checkout suite solutions for e-tailers | |
| nimbbl.biz | 2020 | Mumbai, India | $7.12M | 39 | One-click checkout and payment solutions for online businesses are provided. | |
| fastrr.com | 2017 | Gurugram, India | 108 | Delivers one-click checkout software to enhance e-commerce operations. |
Detailed competitors of Xpresslane
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Xpresslane
The website of Xpresslane (xpresslane.in) receives about 1.4K visits a month.
- Monthly visits1.4K
▼ 3.3% vs previous month
Websites whose visitors overlap most with Xpresslane. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| 1checkout.ai | 100% | 680.7K | #4,872,616 | View details |
Top companies in E-Commerce Enablers & Infrastructure
3 companies that operate in the same segment as Xpresslane (E-Commerce Enablers & Infrastructure) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.56 B | USD 1.12 B | 23,536 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 | |
Express delivery logistics solutions are provided for businesses and individuals. | 2015 | Bengaluru, Karnataka, India | USD 246.8 M | USD 447.86 M |
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Related news about Xpresslane
Complete news archive for Xpresslane
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Frequently Asked Questions about Xpresslane
Xpresslane was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Xpresslane is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Ashwin Koorakula is the CEO of Xpresslane, as recorded in our data. They have also founded this 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 2020.
Xpresslane has 8 employees.
The primary company behind Xpresslane, Bueno Labs Private Limited, reported revenue of ₹22.7 Lakh for FY 2023, up 6633% year on year.
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.
Xpresslane has 39 investors. Key investors include Manipal Technologies, PointOne Capital, Sarcha Advisors, Yatra Angel Network, and Tsquaresurge.
The valuation of Xpresslane is $2.29M as of Aug 2021.
Xpresslane operates through Bueno Labs Private Limited.
The legal entities of Xpresslane currently have 2 directors, including Ashwin Kumar Mallesh Koorakula, Shravani Nutalapati.