When was XpressBees founded?

XpressBees was founded in 2015 and became a unicorn in 2022.

Where is XpressBees located?

XpressBees is headquartered in Pune, India. It is registered at Unit 1A & 501A, Building B-1, Cerebrum IT Park Kalyani Nagar, Vadgaonsheri, Pune, Pune, Maharashtra, India, 411014.

Which legal entities is XpressBees associated with?

XpressBees is associated with BUSYBEES LOGISTICS SOLUTIONS PRIVATE LIMITED.

How many employees does XpressBees have?

As of Sep 30, 2026, the latest employee count at XpressBees is 8701.

Is XpressBees a funded company?

XpressBees is a funded company, having raised a total of $356M across 9 funding rounds to date. The company's 1st funding round was a $12.5M Series A round, raised on Nov 05, 2015.

How much is XpressBees worth?

The latest valuation of XpressBees is ₹12,000Cr as of Nov 07, 2023.

When was the latest funding round of XpressBees?

XpressBees' latest funding was a $80M Series G round on Nov 07, 2023, with participation from 10 investors. Its primary sector is Logistics Tech. In India, the Logistics Tech sector has seen $122M in funding in 2026 to date.

What is the annual revenue of XpressBees?

Annual revenue of XpressBees is more than ₹1,000 Cr as on Mar 31, 2025

Is XpressBees a Logistics Tech company?

The primary sectors of XpressBees are Logistics Tech and E-Commerce Enablers.

Where does XpressBees rank among its competitors?

XpressBees ranks 5th amongst 67 active competitors, of which 11 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Ripplr, which secured $32M in Nov, 2025.

Who are the top competitors of XpressBees?

XpressBees' top competitors include Shadowfax, Delhivery and LoadShare. Among them, Ripplr secured the most recent funding round in November, 2025.

XpressBees - 2026 Company Profile, Team, Funding, Competitors & Financials

XpressBees is a series G company based in Pune (India), founded in 2015 by Supam Satyanarayan Maheshwari, Rajdeep Meda, Shaikh Awesh, Macey Quinn, Johnson Smith and Devendra Kumari. It operates as a Provider of end-to-end logistics delivery and courier solutions. XpressBees has raised $356M in funding from investors like Alibaba Group, Elevation Capital and Blackstone, with a current valuation of ₹12,000Cr. The company has 67 active competitors, including 11 funded and 6 that have exited. Its top competitors include companies like Shadowfax, Delhivery and LoadShare.

Sectors and market segments that XpressBees operate in

XpressBees serves in the Transportation and Logistics Tech, Retail market segments.The primary business model of XpressBees are:

Company Details

Provider of end-to-end logistics delivery and courier solutions. It provides end-to-end domestic supply chain solutions and international logistics services to e-commerce businesses, individuals, and other clients. It provides end to end supply chain solutions and international logistics services to e-commerce businesses. The platform offers technology-enabled solutions, enabling real-time tracking and on-time delivery. It provides logistics services to different clients, from small businesses to large enterprises. The company serves e-commerce businesses and provides tracking solutions for shipment management. It also enables shipment tracking, cargo deliveries, cross-border logistics and transactions, imports and exports, warehousing, and more. It provides integration with online marketplaces, management of stock orders, inventories, returns, and fulfillment.

Website: www.xpressbees.com
Social
Email ID: *****@xpressbees.com
Phone Number: +91 **********
Registered Address: Unit 1A & 501A, Building B-1, Cerebrum IT Park Kalyani Nagar, Vadgaonsheri, Pune, Pune, Maharashtra, India, 411014

Key Metrics

Founded Year

2015

Location

Pune, India

Stage

Series G

Total Funding

$356M in 9 rounds

Latest Funding Round

Series G, Nov 07, 2023, $80M

Post Money Valuation

₹12,000Cr as on Nov 07, 2023

Investors

Alibaba Group & 34 more

Ranked

5^th among 67 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2025

Employee Count

8,701 as on Sep 30, 2026

Investment & Acquisitions

NimbusPost & 1 more

Similar Companies

Delhivery & 593 more

View XpressBees' full profile

XpressBees is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
BUSYBEES LOGISTICS SOLUTIONS PRIVATE LIMITED CIN: U74999PN2015PTC156176 , India, Active	Aug 13, 2015	₹1,000+ Cr (As on Mar 31, 2025)	25 (As on Jul 01, 2025)

XpressBees has raised a total funding of $356M over 9 rounds. Its first funding round was on Nov 05, 2015. Its latest funding round was a Series G round on Nov 07, 2023 for $80M. 10 investors participated in its latest round. XpressBees has 27 institutional investors and 8 angel investors.

Here is the list of recent funding rounds of XpressBees:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 07, 2023	$80M	Series G	$1.44B	-	Ontario Teachers' Pension Plan	Blackstone, TPG, ChrysCapital, Khazanah Nasional Berhad, Alibaba Group, Elevation Capital, Investcorp, Gaja Capital, Norwest
Feb 09, 2022	$100M	Series F	$1.5B	5.7x	Blackstone, TPG, ChrysCapital	Investcorp, Innoven Capital, Sage Investment Trust, Anchor Partners, Norwest
Nov 08, 2020	$110M	Series E	$396M	-	Norwest	Gaja Capital, Investcorp, Special Situation Investments

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View details of XpressBees's funding rounds and investors

The founders of XpressBees are Supam Satyanarayan Maheshwari, Rajdeep Meda, Shaikh Awesh, Macey Quinn, Johnson Smith and Devendra Kumari. Yogesh Dhavade is the CEO of XpressBees.

Here are the details of XpressBees' key team members:

Supam Satyanarayan Maheshwari: Co-Founder of XpressBees and founder of 5 other companies, including Babyhug, WorldOfMoms and Brainvisa Technologies. They serve on the boards of 4 companies.
Contact Info: 1 email address and 2 phone numbers
Rajdeep Meda: Business Owner of XpressBees.
Shaikh Awesh: Owner of XpressBees.
Macey Quinn: Owner of XpressBees.
Johnson Smith: Owner of XpressBees.

XpressBees' Board of Directors

XpressBees's board has 11 active members. Amitava Saha, Jayant Goel, Supam Satyanarayan Maheshwari and Jayant Kumar Goel are part of team and Gopal Jain, Varun Laul, Simit Batra, Darius Dhunjishaw Vakil, Aravind Krishnan Krishnan Sreekumar, Nelson Goh Jun Kwan and Akshay Tanna are independent board members.

Here is the list of XpressBees' board of directors:

Name	Type	Representing	Status	Duration
Amitava Saha	Team	-	Current	11y 2m
Supam Satyanarayan Maheshwari	Team	-	Current	11y 2m
Jayant Goel	Investor	-	Past	5y 11m
Vivek Mathur	Investor	SAIF Partners	Past	0y 1m
Pak Tung Jason Yip	Investor	Alibaba Group	Past	1y 5m
Kenny Ho	Investor	Alibaba Group	Past	4y 6m
Jayant Kumar Goel	Investor	-	Past	5y 11m
Gopal Jain	Independent board member	-	Current	5y 11m
Varun Laul	Independent board member	-	Current	5y 11m
Simit Batra	Independent board member	-	Current	3y 5m
Darius Dhunjishaw Vakil	Independent board member	-	Current	2y 11m
Aravind Krishnan Krishnan Sreekumar	Independent board member	-	Current	3y 4m
Nelson Goh Jun Kwan	Independent board member	-	Current	3y 2m
Akshay Tanna	Independent board member	-	Current	4y 6m

View details of XpressBees's Founder profiles and Board Members

XpressBees' employee count trend

XpressBees has 8,701 employees as of Sep 26. Here is XpressBees's employee count trend over the years:

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Top competitors of XpressBees include Shadowfax, Delhivery and LoadShare. Here is the list of Top 10 competitors of XpressBees, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Shadowfax 2015, Bengaluru (India), Public	Logistics solutions for express deliveries	$246M	Flipkart, Eight Roads Ventures & 32 others	83/100
2nd	Delhivery 2011, Gurugram (India), Public	Platform offering end-to-end parcel delivery, warehousing, cross-border, and fulfillment services	$1.13B	Fidelity Investments, GIC & 36 others	81/100
3rd	LoadShare 2017, Bengaluru (India), Series C	Provider of logistics infrastructure for last mile and fulfillment services	$65M	Tiger Global Management, Stride Ventures ... & 33 others	79/100
4th	Ripplr 2019, Bengaluru (India), Series C	Provider of retail technology and distribution solutions for consumer brands	$104M	Sojitz, 3one4 Capital & 44 others	66/100
5th	XpressBees 2015, Pune (India), Series G	Provider of end-to-end logistics delivery and courier solutions	$356M	Khazanah Nasional Berhad, Chiratae Ventures ... & 33 others	62/100
6th	Parcellab 2014, Munich (Germany), Series C	Connects online merchants with their customers	$112M	Coparion, Capnamic Ventures & 12 others	58/100
7th	Blue Dart 1983, Mumbai (India), Acquired	Operator of an express logistics company providing courier and parcel services	-	-	58/100
8th	WOW Express 2014, Mumbai (India), Series A	Logistics solutions for the e-commerce industry	$8.27M	Tamarind Family Trust, Nykaa & 26 others	46/100
9th	Bigblue 2018, Toulouse (France), Series A	Provider of shipping solutions for online sellers	$18.6M	Samaipata, Runa Capital & 7 others	46/100
10th	GoJavas 2013, Gurugram (India), Acquired	Fulfilment services provider for retail eCommerce	$39.2M	Snapdeal & 6 others	45/100

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BUSYBEES LOGISTICS SOLUTIONS PRIVATE LIMITED, the legal entity associated with XpressBees, generated more than ₹1,000 Cr in revenue for the financial year ending on Mar 31, 2025. The revenue of BUSYBEES LOGISTICS SOLUTIONS PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 1% in the last 1 year.

Financial Statement Summary

Metrics	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21
Income Statement
Revenue	4081	2419	8687	3571	5631
Total Sales	8509	5347	2512	7521	3265
Total Expenses	2889	6597	7114	3793	8332
Operating Expenses	2589	6310	2016	9058	4621
Employee Expenses	3619	5705	1417	4220	2842
Marketing Expenses	8050	7982	6878	2661	8667
Operating Income (EBIT)	1552	9736	5027	7086	1634
Interest Expenses	5683	9593	8641	4145	9574
Expenses from other activities	4510	5206	2294	7241	9448
EBITDA	5318	1114	4732	7097	2894
Taxes	1174	1492	4317	1978	1587
Net Profit	9793	1879	9112	3682	5100
Balance Sheet
Assets	1397	5322	9751	1836	5524
Cash Equivalent	1810	9671	9883	8099	2242
Accounts Receivables	2706	5393	1570	4105	9785
Inventory	4778	6434	5874	1867	4229
Liabilities	9811	1914	2413	8806	5421
Total Debt	6542	4414	2817	5849	1172
Accounts Payable	5334	4495	9598	2271	2187
Equities	4322	3627	9131	2083	7100
Cashflow Statement
Cash from Operating activities	4053	8904	5838	1383	9068
Cash from Investing activities	8981	9049	2317	4093	9653
Net cash from Financing activities	9201	1583	1793	6608	6608

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

Founders own 5.96%, Funds (largest shareholder) own 63.42%, Enterprises own 21.00% and Other People own 2.11%. The net worth of XpressBees's founders is INR 715Cr as of Nov 07, 2023. The cap table displayed below is for BUSYBEES LOGISTICS SOLUTIONS PRIVATE LIMITED which is the legal entity associated with XpressBees.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	5.96%	715Cr	64971	64741	52292	75680
Supam Satyanarayan Maheshwari	56	19	84	40	69	77
Fund	63.42%	7,610Cr	8260459	8695531	2220719	9424387
Blackstone	8783254	2556836	6835149	8018198	2798588	5757015
Special Situation Investments	7174024	9058157	4508298	9178832	5044708	5822466
TPG	370922	395958	236150	513471	399806	474314
Gaja Capital	705289	540178	757787	600729	734546	261846
Valiant Capital	96176	18651	79616	35237	94463	91938
Elevation Capital	30472	32437	84587	21976	18553	92889
Ontario Teachers' Pension Plan	6547	1829	3705	2628	2545	9978
Investcorp	0	0	0	0	0	0
Innoven Capital	0	0	0	0	0	0
Sage Investment Trust	0	0	0	0	0	0
New Enterprise Associates	0	0	0	0	0	0
Chiratae Ventures	0	0	0	0	0	0
Vertex Ventures	0	0	0	0	0	0
Prathithi Investment	0	0	0	0	0	0
Enterprise	21.00%	2,520Cr	5492811	7222107	6153410	9258856
Other People	2.11%	254Cr	68	79	58	26
ESOP Pool	7.51%	901Cr	3739367	3303579	4046147	2777725
Total	100.00%	12,000Cr	1110659	6702061	6867332	3195190