Xpressbees: Case Study, Company Profile, Founding Team, and Many More

Introduction:

Xpressbees, the fastest-growing provider of express logistics services in India, was established in 2015 and provides full supply chain solutions. The whole spectrum of last-mile delivery services, reverse logistics, payment collection, drop shipping, vendor management, cross-border services, fulfillment services, and bespoke software solutions are available to customers.

It has received support from a number of businesses, including Alibaba and Innoven Capital. The whole spectrum of last-mile delivery services, reverse logistics, payment collection, drop shipping, vendor management, cross-border services, fulfillment services, and bespoke software solutions are available to customers.

Case Study:

India’s top logistics service provider, it has a strong supply chain management network throughout the nation. The business was founded in 2015, and as of this writing, it employs over 30,000 people. In 2015, Amitava Saha and Supam Maheshwari founded Xpressbees.

The business provides a range of logistical services both locally and internationally through its unique framework for delivery and transportation. It lists the services as fulfilment services, cross-border logistics, express cargo, and e-commerce logistics. Reverse Logistics and minimal cutting-edge technologies let Xpressbees meet consumers’ needs for prompt delivery.

Company Highlights:

Company Name	Xpressbees
Headquarter	Pune, Maharashtra
Industry	courier delivery services
Founded	2015
Founder	Supam Maheshwari and Amitava Saha
Website	https://www.xpressbees.com/

Industry:

The global market for logistics and courier delivery services is constantly growing. One of the “backbones of worldwide trade worth over 5.7 trillion euros,” according to Statista, is the logistics sector. The logistics market is worth more than $8.5 trillion on a global scale.

Growth is also not unheard of in the Indian logistics sector. Its current estimated worth of $250 billion, which might increase to $380 billion by 2025, was last recorded in 2021. The rise of modern courier and delivery startups and companies, driven by cutting-edge technology, is what has caused the courier and logistics sector to anticipate growth.

Founder & Team:

The founders of Xpressbees are Amitava Saha and Supam Maheshwari. In 2010, Supam launched FirstCry.com, his first business. He graduated from the IIM Ahmedabad and completed his B.Tech. at the Delhi College of Engineering. From 2000 to 2009, Supam co-founded and served as CEO of Brainvisa Technologies, which he later sold with Amitava Saha.

Maheshwari is currently recognised as a member of it’s founding team. Along with being the Co-Founder and CEO of Xpressbees, Amitava Saha is also the Co-Founder of FirstCry.com. He graduated with a PGDM from IIM Lucknow after studying Btech at IIT Varanasi. Amitava worked as a senior officer at Tata Steel, a senior business development executive at NIIT Technologies, and a business development manager at Aricent prior to co-founding Xpressbees with Supam.

He then began working with Brainvisa Technologies, where he held the positions of Director and VP before being elevated to Senior VP. More than 3000 people work for the company at the moment.

Startup Story:

Another piece of good news for the nation’s celebrations is the addition of Xpressbees to the roster of unicorns. Yes! After receiving funding in an investment round that was co-led by the private equity firms Blackstone Growth, TPG Growth, and ChrysCapital, it has joined the list of unicorns.

The year 2021 was a significant one for the nation as many businesses filed for initial public offerings (IPOs) and startups became unicorns. The beginning of this year seems promising.

With excellent marketing strategies, Xpressbees has succeeded in obtaining this position in just 5 years. Customers and its partners now have faith in it. Due to its amazing marketing approach and efforts, it has been successful in obtaining this position in just 5 years in the digital age where everything and everyone is migrating online. Both consumers and its partners now trust it. Digital marketing has become more important than ever thanks to everyone and everything moving online during this digital age and pandemic.

Businesses want to interact with and be visible to their potential customers online. Check out Karan Shah, the CEO and Founder of IIDEFree ,’s Masterclass on Digital Marketing if you want to stay current with the internet world and understand some fundamentals of the field.

A secondary purchase from an early investor in the company raised $40 million, according to logistics provider Xpressbees. The investment takes it’s total funding to $250 million and was made by Malaysia’s national wealth fund, Khazanah Nasional Berhad. The Pune-based business, which is backed by investors including Blackstone Growth, TPG Growth, and Alibaba Group, intends to use the funding to leverage the investment and grow its presence throughout India.

Over 20,000 pin codes are being served by Xpressbees across 5,000 Indian towns. The organisation has more than 100 hubs and a three million square foot warehouse. It runs across 52 airports in India and offers logistics support to online retailers like Amazon, Flipkart, and Myntra.

Mission & Vision:

The goal of Xpressbees is to become the top provider of logistics solutions for all import and export services.

Name & Logo:

The phrase “XpressBees delivering happiness” appears in the company’s logo. The term “Xpressbees” refers to the company’s quick distribution and delivery. The tagline of Xpressbees is “Delivering Happiness.”

Business Model & Revenue Model:

Xpressbees’ business approach utilises both B2C and B2B models. The B2C E-Commerce concept revolves around the exchange of products with customers. The B2B business model also provides services to online markets and other businesses. With new centres, solid connections, infrastructure, and larger shipments, it hopes to strengthen its partnerships with many businesses and broaden its network.

Both B2B and B2C models are used in the Xpressbees business model. They offer services to other businesses and online markets as part of their B2B business model. Selling products to final consumers is part of the business-to-consumer (B2C) paradigm. It also derives a significant portion of their income from fulfilment services, which include shipping and warehousing.

Products & Services:

• B2C Xpress: Unlike B2B fulfilment, which entails submitting orders to the company, B2C fulfilment merely refers to the delivery of goods to the customer.
• Business-to-business (B2B) electronic commerce, as opposed to business-to-consumer (B2C) e-commerce, refers to the exchange of goods, services, or information between firms (B2C).
• Border-crossing logistics Cross-border logistics refers to the planning, implementation, and control management procedures for the effective flow and storage of tangible items and information at both ends of the customs boundaries.
• 3PL (Third Party Logistics): 3PL (third-party logistics) companies offer outsourced logistics services, which comprise everything involving administration of one or more areas of procurement and fulfilment activities.
• The term “3PL” is used in the business world to describe any service contract that includes the shipping or storage of items.

Funding & Investors:

Over the course of 10 investment rounds, the company has raised $602.4 million thanks in part to the Xpressbees funding rounds. On August 2, 2022, it got a final round from Avendus Future Leaders Fund worth $24.8 million (about Rs. 195 crore). With this funding, Avendus has disclosed that it has acquired minor shares from Elevation Capital, an existing investor in Xpressbees, in the unicorn-focused end-to-end supply chain solutions provider.

The Alibaba Group invested $10 million in the startup on January 3, 2020. The company eventually raised two further rounds of funding over the course of the following two years, including the $300 million round that it received on February 9, 2022, and the $110 million Series E round that was led by InvestCorp, Norwest, and Gaja Capital. Through its Series F funding round, the company raised $300 million, making it the eighth Indian unicorn in 2022.

Date	Funding Round	Funding	Investors
February 9, 2022	Series F	$300M	Blackstone Group, TPG Growth, Chrys Capital
November 10, 2020	Series E	$110M	Gaja Capital, Investcorp, Norwest Venture Partners
January 3, 2020	Series D	$10M	Alibaba Group
February 20, 2019	Debt Financing	$4.45M	InnoVen Capital
January 30, 2018	Series D	$29.30M	Alibaba Group
January 3, 2018	Corporate Round	$100M	Alibaba Group
February 1, 2017	Venture Round	Not Known	Not Known
February 19, 2016	Seed A	$12.4M	Not Known
September 1, 2015	Seed	$5M	Not Known

Employees:

In India, XpressBees has between 1,001 and 5,000 employees. In XpressBees, the average yearly pay is INR 5.1 lakhs.

Challenges Faced:

• Industry Reliant on Human Resources: Because the logistics sector relies on human resources, it is a labor-intensive industry. The organization finds it difficult to handle regular delivery partner training and performance-based reviews because of this reliance on individuals.
• Less Exposure on the International Market: Xpressbees is less well-known than the international players. To compete in the global marketplaces against other logistics behemoths, Xpressbees must increase brand awareness.
• Lack of Training: Lack of training for delivery partners is a serious problem because they interact directly with clients and serve as the company’s public face.
• Huge Operational Costs: Running a firm in the logistics sector occasionally demands large operational costs to maintain the business process going.
• As new and improved technology occasionally emerges, it necessitates regular modifications in technology. People are getting harder to train, and updating regularly used technology is becoming more expensive.
• Political Upheaval: Political unrest, such as riots and protests, can hurt delivery personnel and harm the items that need to be delivered.
• Competition from large international businesses like DTDC, DHL, Future Supply Chain, and others puts Xpressbees in fierce competition.
• Consumer Trends are Always Changing: Consumers’ tastes and preferences for items are always evolving. Some products quickly lose popularity, and dealing with them would result in losses.

Increase in Fuel Prices: Rising fuel prices around the world cause an increase in operating expenses.

Country-specific Regulations: There are many laws and norms governing the transportation of commodities in each nation. It might be challenging to transport some items because of the severe regulations that some nations place on them.

Currency fluctuations: A business operating in several nations must continually deal with currency exchanges. Calculations are challenging because of these constant variations.

Acquisitions:

According to a top fund official in an exclusive interview with ET, Avendus Future Leaders Fund has acquired a share in Xpressbees, the cutting-edge logistics services provider from the Firstcry portfolio, from Elevation Capital for Rs 195 crore.

Growth:

Starting with 50,000 shipments every day, Xpressbees is now processing more than 3 million shipments per day. The organization operates across 2500+ network cities and has more than 3000 employees, 3000+ offices and service centers, and 52+ airport connections. According to the most recent financial information obtained during FY21, the company’s revenue has recently surpassed the Rs 1000 crore threshold.

The company’s business operations expanded by 99.7% in the fiscal year 2019, totaling INR 540.95 crore, compared to INR 270.83 crore in the previous fiscal year. In comparison to the INR 757.2 crore in revenue that it managed to generate during FY20, it was able to scale by 32.7 percent in FY21, bringing in INR 1004.8 crore from operations.

Xpressbees Revenue Verticals	FY21	FY20
Revenue from logistics services	INR 1004.80 cr	INR 75720 cr
Income from interests	INR 12 cr	INR 3.30 cr
Others	INR 3 cr	INR 1.70 cr

Because of its fundraising rounds, which increased by 200 percent from INR 3.3 crore to INR 15 crore, it generated non-operating income in addition to the revenue it generated from its operations.

Partners:

Xpressbees is connected to numerous ventures, including SAIF Partners, Paytm, Chiratae Ventures, and many more. The company has received the following funding rounds, listed in chronological order:

• Firstcry
• MI
• Bewakoof
• Purple
• Seniority
• Flipkart
• Meesho
• SHOP 101
• Tata CLiQ
• Snapdeal
• Myntra
• Netmeds
• Ace Technologies
• ICICI Bank
• Romsons
• BIRA
• Schneider
• Baja Finserv
• Landmark
• Ace turtle

Competitors:

The major competitors of Xpressbees are:

• Ecom Express
• Delhivery
• FSC
• Ekart Logistics

With a vast network and unrivalled logistics services, Xpressbees maintains its position.

Awards & Achievements:

Awards have not yet been given.

Future Plan:

The organisation wants to expand its network and relationships with industries by adding new centres, shipping points, connections, and infrastructure.

As we work to become the top logistics provider in the nation, we are continuing to maintain a focus on growth and capability development. The money will mostly be used for expansion and infrastructure improvements, according to Amitava, co-founder of Xpressbees.

FAQs :

What does Xpressbees do?

A company that offers e-commerce fulfilment services. It makes it possible to track shipments, deliver cargo, conduct cross-border logistics & transactions, imports & exports, and more. Additionally, it offers management of stock orders, inventories, refunds, and fulfilment, as well as connectivity with online marketplaces. Businesses in the automotive, food and groceries, health care, and other industries can use it.

When was Xpressbees founded?

It was established in 2015.

Who is the founder of Xpressbees Corporation?

Amitava Saha and Supam Maheshwari formed Busybees Logistics Solutions, the company that owns Xpressbees.

Who are the main competitors of Xpressbees?

Ecom Express, Delhivery, FSC, and Ekart Logistics are a few XpressBees rivals.

How long will XpressBees take to deliver?

Typically, your XpressBees package should be in transit for 24-48 hours after it is sent but before it is delivered. For international orders outside of India, transit could take anywhere from three to seven business days.

What is XpressBees future plans?

The company works towards widening its partnership with industries and expanding its network with more centers, increased shipments, stronger connections, and infrastructure.

How many shipments does XpressBees do a day?

It delivers over 1.5 million packages per day through 100 plus hubs with over 3 million sq ft of warehouse capacity.

Does Xpressbees deliver before time?

It offers delivery services 7 days a week, although operating hours vary on weekends. Please find this information below: Operating hours from Monday to Friday are 9 am to 8 pm, Saturdays from 9 am to 7 pm.

Which type of company is Xpressbees?

We are the fastest growing express logistics service provider in India catering to end-to-end supply chain solutions.

Does Xpressbees deliver before time?

It offers delivery services 7 days a week, although operating hours vary on weekends. Please find this information below: Operating hours from Monday to Friday are 9 am to 8 pm, Saturdays from 9 am to 7 pm.

Conclusion:

The Pune-based firm Xpreesbees wants to offer its partners dependable shipping solutions. Customers can choose from a full range of last-mile delivery services, reverse logistics, payment collection, drop shipping, vendor management, cross-border services, fulfillment services, and customized software solutions. A number of companies, including Alibaba and Innoven Capital, have supported Xpressbees.