XpressBees is an Indian logistics startup that has collaborated with many reputed e-commerce brands, including Flipkart, Amazon, Meesho, Snapdeal, Purple, Lenskart, Firstcry, and many more for their logistics services.
Founding Story and Vision
XpressBees initiated its journey in 2015 in Pune with the vision to facilitate a swift and seamless delivery experience to different small and medium-sized enterprises (SMEs). The founders of FirstCry, Amitava Saha and Supam Maheshwari, are also the founders of Xpressbees. Both of them understood the hurdles faced by the logistics industry and, as a result, decided to offer seamless and swift delivery experiences to various customers.
According to an Economic Times report, Xpressbees, a leading Unicorn startup, is strategically entering the SME courier space. Indeed, the firm aims to extend Trackon Services reach by employing its extensive network. It is worth mentioning that Trackon is a Delhi-based courier company with a broad network. Xpressbees has already made a genius move to expand its network by acquiring Trackon, an effective strategy that will help position it for effective scalability.
XpressBees Merger and Acquisition (M&A) Landscape:
XpressBees is one of India’s leading logistic service providers, with over 30,000 employees. Additionally, it is the third largest new-age logistics and supply chain company after Ecom Xpress and Delhivery, with nearly Rs 2,000 crore in revenue as of FY22. However, its F23 numbers are yet to come. As previously mentioned, XpressBees has achieved the status of a unicorn startup, all thanks to its practical strategic approaches to mergers and acquisitions.
A recent acquisition with reputed courier firm Trackon has added another significant milestone in extending its presence in the market. Trackon is a 350 crore revenue generation firm that caters to 5,600 pin codes across the country.
Trackon plans to expand its services to 12,000 pin codes in the next few years. It turned profitable with Rs 8.22 crore profits in books. It also reported an operating revenue of Rs 283 crore in FY22. With the help of Trackons large customer base and resources, XpressBees is emerging as a critical player in the industry, catering to small and medium-sized firms. This integration enables both brands to incorporate their technologies and operations and helps them expand their geographical reach, resulting in the unceasing pursuit of growth.
The Road Ahead
The overall market size of the Indian logistics sector will be expected to reach around USD 435.43 bn in 2023, growing at a CAGR of 8.36%. In this vast landscape, a unicorn startup – XpressBees, has not only managed to excel in its respective field but also achieved a superior position from its competitors through its edge-killing services and innovations. While the logistics and courier sector is undoubtedly very competitive, XpressBees customer centric solutions and innovative tech-driven approaches will help achieve a competitive edge.
On the other hand, collaborations with reputed brands are another primary consideration for XpressBees plans. Yes, such a startup collaborates with other industry leaders to create a robust yet responsive network to tackle the customers evolving demands.
Wrap Up
XpressBees is one of India’s fastest-growing logistics service providers, catering to end-to-end supply chain solutions. It works with countless leading brands to bring their products across the country. Such a brand has already achieved the status of a unicorn startup, showcasing its practical strategic approaches, innovative spirit, and top-notch customer dedication.
