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Indian B2B logistic service provider, Xpressbees, raised its worth to $1.2B

ConsumerGeniuses

ConsumerGeniuses

India’s fastest growing B2B, B2C, and 3PL logistic service provider, Xpressbees, raised $300M in its series F funding round, raising the company’s worth to $1.2B. Firms including Blackstone, ChrysCapital, and TPG Capital participated in the investment series, while Delhivery, DTDC, Ecom Express, and Ekart Logistics are gearing up to compete with Xpressbees in the marketplace. The e-commerce delivery company collects, stores and then delivers the goods through its 3000 offices and numerous service centres spread across India. By processing and managing over 3M packages per day, the company enjoys 100% revenue growth per annum. Xpressbees serves over 1000 clients, including Xiaomi, Snapdeal, Paytm, and Meesho.

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