XPRESSBEES
Xpressbees appoints former Blinkit executive Mohit Sardana as CEO of B2C vertical
Prior to Blinkit, Sardana served as the chief operations officer at food delivery platform Zomato from August 2018 to September 2023. In April, the logistics and supply chain solutions provider appointed Uday Sharma as chief business officer for its business-to-business (B2B), 3PL and cross-border functions.
Xpressbees appoints Uday Sharma as chief business officer
Logistics provider Xpressbees appointed Uday Sharma as chief business officer for B2B, 3PL, and cross border operations. Sharma, with nearly 30 years of experience in business scaling and management, is expected to help strengthen Xpressbees' market presence and drive the company's growth.
Third-party firms Delhivery, Xpressbees look to sort out logistics of quick commerce race
Third-party logistics firms like Delhivery and Xpressbees are venturing into the quick-commerce sector to support platforms such as Swiggy Instamart, Blinkit, and Zepto as demand surges. Sensing opportunity in the q-commerce space, Delhivery has started to work with Swiggy Instamart’s larger warehouses which supply to small dark stores, or fulfilment centers. Meanwhile, Xpressbees is talking to multiple players for the same.
Ecom Express posts 20% rise in FY23 revenue to Rs 2,548 crore, loss widens
Ecom Express's FY23 revenue rose 20% to Rs 2,548 crore, but with a widened loss at Rs 375 crore due to increased total expenses. Courier services revenue exceeded Rs 2,300 crore.
Ontario Teachers venture arm invests $80 million in Xpressbees
Investment a mix of primary and secondary share sales; logistics company to conduct Esop buyback.
Xpressbees acquires delivery firm TrackOn
Xpressbees aims to tap the SME segment by leveraging TrackOn's franchisee network.
- Go To Page 1
Logistics firm Xpressbees buys Trackon in all-cash deal
Amitava Saha, chief executive of Xpressbees, said he will leverage his logistics firm’s existing network to scale up Trackon across the country.
Ontario Teachers' fund weighs $100 million investment in ecommerce logistics startup Xpressbees
The Canadian pension investor may buy a stake in the firm at about a $1.4 billion valuation.
Elevation Capital sells $40 million stake in Xpressbees to Malaysia’s Khazanah
New-age logistics firm valued at $1.3 billion; Elevation takes $120 million out in a year from secondary deals
ETtech Deals Digest: Indian startups remain parched as funding taps stay dry in scorching summer
This week, Indian startups raised $97 million across 18 rounds.
New-age stock brokers’ bull run hits a bump; Elevation sells more stake in Xpressbees
For new-age stock broking firms which grew exponentially during Covid-19, the past year has been punishing. This and more in today’s Morning Dispatch.
Why Ecom Express is trailing its rivals in the logistics industry’s game of thrones
Despite losing ground, the company insists on focusing solely on third-party ecommerce logistics. Much of its business is concentrated with a few large clients, putting it at risk at a time when it has been forced to defer its IPO, and the funding taps have gone dry.
Avendus Future Leaders Fund buys stake in Xpressbees for Rs 195 crore
This is the sixth deal from the new Rs 1,500-crore fund II raised by Avendus in August 2021. So far, it has invested in companies such as SBI General Insurance, Juspay, Lenskart, Zeta and Licious.
Xpressbees enters D2C delivery business after Shiprocket's Pickrr deal
Xpressbees said it will offer same-day and next day deliveries to D2C brands and large offline brands which are tapping into online commerce
Logistics cos Delhivery, Ecom Express in tussle with aggregators over shipment rates
Last month, Delhivery, Ecom Express and Xpressbees simultaneously increased shipment prices for the aggregators for trying to poach their clients.
Ecommerce logistics firms Delhivery, Ecom Express, Xpressbees give aggregators a price shock
Country’s three largest ecommerce-focused delivery firms hike rates for aggregators by 35-40%.
Ecommerce logistics firms give aggregators a price shock
The hike in prices effective earlier this month, said those briefed on the matter, is more tactical in nature as the logistics players found that aggregators were offering aggressive pricing for per-shipment deliveries compared with their own rates for enterprise clients or even SMEs.
Logistics firm Xpressbees raises $300 million in funding from PE funds Blackstone, TPG, ChrysCapital at $1.1 billion valuation
“We will use the capital for financing technological advancement, increasing automation and to grow geographical presence. We will also look at inorganic growth opportunities,” Amitava Saha, CEO, Xpressbees said.
Xpressbees headed to unicorn club, in talks for $300 million
Xpressbees will raise $100 million by offering fresh shares, where the proceeds will go into the company’s coffers, the people said. Some of its early backers are selling part of their stake to raise the remaining $200 million.
PE funds invest Rs 800 crore in Xpressbees
Company will use the funds to expand in Express Cargo, 3PL and Cross Border Logistics.
XpressBees raises Rs 71 crore
The company, whose rivals include Delhivery and Ecomm Express, provides end-to-end e-commerce-focused logistics services, offering clients services such as real-time tracking, multiple payment collection, processing options and handling of returns.
XpressBees raises Rs 35 crore from InnoVen Capital
Till now, XpressBees has raised an estimated $56 million in equity financing from the likes of SAIF Partners, Chiratae Ventures and Valiant Capital.
Alibaba plans on integrating BigBasket & XpressBees with Paytm Mall
Working with these companies will help Paytm Mall, which claims it will exit FY18 at a gross merchandise volume (GMV) run rate of $3 billion, target an ambitious $10 billion run rate by end of FY19.
Alibaba puts Rs 224 crore in FirstCry’s logistics arm
This financing underscores Alibaba’s attempt to create a robust global logistics network, which can bolster the growth of ecommerce.
China’s Alibaba on road to deliver $100 million to XpressBees
XpressBees is the logistics business spun out of baby and maternity products retailer FirstCry, known for its acquisition of Mahindra’s Babyoye in 2016.
Lawyer orders mobile online, gets cement block
Following a complaint, Ambazari police have registered an offence of cheating and criminal breach of trust against top officials of Snapdeal and courier company xpressbees.com.
Alibaba in investment talks with Delhivery and Xpressbees Logistics
The Chinese company is also chalking out a plan to get Paytm to spin off its marketplace business and plans to top it up with more capital, said a source.
Xpressbees plans to use Rs 85 crore to build capacity in northeast states
The logistics arm of baby and mother care product etailer FirstCry was spun off last year into a separate entity to service third party orders.
Xpressbees’ busy raising funds, bags Rs 85 crore for SAIF Partners, IDG Ventures, NEA, Vertex, Valiant Capital
The funding will be used to upgrade Xpressbees’ technology and expand its operations, said Amitava Saha, the company’s CEO.
Load More
