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XpressBees - About the company

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.
Social
XFacebook
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
Post Money Valuation
₹12,000Cr as on Nov 07, 2023
Ranked
Annual Revenue
₹1,000+ Cr as on Mar 31, 2025
Employee Count
8,701 as on Sep 30, 2026
Investment & Acquisitions
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XpressBees's funding and investors

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:lockFilter 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
-
Feb 09, 2022
$100M
Series F
$1.5B
5.7x
Nov 08, 2020
$110M
Series E
$396M
-
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XpressBees' founders and board of directors

Founder? Claim Profile
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:

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
Team
-
Current
11y 2m
Team
-
Current
11y 2m
Investor
-
Past
5y 11m
Investor
SAIF Partners
Past
0y 1m
Investor
Alibaba Group
Past
1y 5m
Investor
Alibaba Group
Past
4y 6m
Investor
-
Past
5y 11m
Independent board member
-
Current
5y 11m
Independent board member
-
Current
5y 11m
Independent board member
-
Current
3y 5m
Independent board member
-
Current
2y 11m
Independent board member
-
Current
3y 4m
Independent board member
-
Current
3y 2m
Independent board member
-
Current
4y 6m

XpressBees' employee count trend

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

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
Logo for Shadowfax
Shadowfax
2015, Bengaluru (India), Public
Logistics solutions for express deliveries
$246M
83/100
2nd
Logo for Delhivery
Delhivery
2011, Gurugram (India), Public
Platform offering end-to-end parcel delivery, warehousing, cross-border, and fulfillment services
$1.13B
81/100
3rd
Logo for LoadShare
LoadShare
2017, Bengaluru (India), Series C
Provider of logistics infrastructure for last mile and fulfillment services
$65M
79/100
4th
Logo for Ripplr
Ripplr
2019, Bengaluru (India), Series C
Provider of retail technology and distribution solutions for consumer brands
$104M
66/100
5th
Logo for XpressBees
XpressBees
2015, Pune (India), Series G
Provider of end-to-end logistics delivery and courier solutions
$356M
62/100
6th
Logo for Parcellab
Parcellab
2014, Munich (Germany), Series C
Connects online merchants with their customers
$112M
58/100
7th
Logo for Blue Dart
Blue Dart
1983, Mumbai (India), Acquired
Operator of an express logistics company providing courier and parcel services
-
-
58/100
8th
Logo for WOW Express
WOW Express
2014, Mumbai (India), Series A
Logistics solutions for the e-commerce industry
$8.27M
46/100
9th
Logo for Bigblue
Bigblue
2018, Toulouse (France), Series A
Provider of shipping solutions for online sellers
$18.6M
46/100
10th
Logo for GoJavas
GoJavas
2013, Gurugram (India), Acquired
Fulfilment services provider for retail eCommerce
$39.2M
45/100
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Financials of XpressBeesFY 25 Available

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)

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$10.99$2.53(excl. taxes)
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What documents will you get?
  • Financial Summary & Charts
  • Detailed Income Statement, Balance Sheet, Cashflow Statement
  • Profitability Ratios, Liquidity Ratios, Growth Ratios
  • Audited Financial Statement (AOC-4), Shareholding Pattern

XpressBees's Latest cap tables and shareholding

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
56
19
84
40
69
77
Fund
63.42%
7,610Cr
8260459
8695531
2220719
9424387
8783254
2556836
6835149
8018198
2798588
5757015
7174024
9058157
4508298
9178832
5044708
5822466
370922
395958
236150
513471
399806
474314
705289
540178
757787
600729
734546
261846
96176
18651
79616
35237
94463
91938
30472
32437
84587
21976
18553
92889
6547
1829
3705
2628
2545
9978
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
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
Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
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shareholding pattern of this entity
$9.99$4.23(excl. taxes)
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What documents will you get?
  • Latest Shareholding Summary - Ownership breakdown across founders, investors, and other stakeholders
  • Round-by-Round Cap Tables - Evolution of shareholding across funding rounds
  • Year-on-Year Cap Tables - Dilution trends over time

XpressBees's Investments and acquisitions

XpressBees has made 1 investment in NimbusPost and acquired TrackOn.

Reports related to XpressBees

Here is the latest report on XpressBees's sector:

News related to XpressBees

lockFilter this list
•
•
Xpressbees hires Tarun Agarwal as Vice President – B2C First MileIndian Startup News•Jun 09, 2025•XpressBees
•
•
Xpressbees Appoints Uday R. Sharma as CBOAdgully•Apr 04, 2025•XpressBees
•
•
Shadowfax kicks off Series F round at $712 Mn valuationEntrackr•Feb 03, 2025•Shadowfax, Flipkart, Ecom Express, XpressBees and 10 others
•
ONDC onboards logistics firm XpressBeesXpressBees•Nov 23, 2024•ONDC, XpressBees
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