X press bees is an e-commerce logistics company that provides reliable logistics solutions to its partners. The company offers comprehensive last-mile delivery, reverse logistics, payment collection, drop-shipping, vendor management, cross-border services, fulfillment services, and tailored software solutions to clients.
X press bees is one of the fastest growing companies in logistics sector. It was founded in 2015 and is headquartered in Pune, Maharashtra. X press bees focuses on providing end-to-end supply chain solutions that include last-mile deliveries. It has dedicated service platforms for B2C, B2B, third party logistics and cross border logistics. X press bees caters to the needs of various industry segments such as e-commerce, banking and finance, pharmaceutical and healthcare, heavy machinery and manufacturing, food and groceries, automotives and auto parts and consumer goods.
While there are quite a few logistics service providers in the country, X press bees has been able to register strong growth since its inception. It was made possible with use of advanced technology systems. As of now, around 75% of the company’s operations are fully automated. This allows a host of benefits such as reduced cost, high efficiency, accuracy and transparency. X press bees has an esteemed client list that include ICICI Bank, Bajaj FinServ, Flipkart, Meesho, Tata Clip, Snap deal, Myntra, MI, B I R A 91, Schneider Electric and Shop 101.
History
X press bees story can be traced back to 2012 when it was used primarily as a delivery service for First Cry. With growing demand for logistics services in the country, the founders felt that X press bees could be launched as an independent logistics service provider. The aim was to allow X press bees to grow on its own and not limit it to operations related to First Cry.
That’s exactly what happened, as X press bees has been registering strong growth over the years. As of now, X press bees handles more than 3 million shipments per day. It has 3000+ offices and service centers, 52+ cargo airports, 100+ hubs, more than 10 lakh sq. ft. warehouse capacity and 35,000+ field executives.
Funding
X press bees has received investments worth $577.6 million via 9 rounds of funding. Some of the key investors include Blackstone Group, Chrys Capital, TPG Growth, Gaja Capital, Invest corp, Nor west Venture Partners, Alibaba Group and Inno Ven Capital. In Series F funding in February 2022, X press bees had raised $300 million. With this, the valuation of the company zoomed to $1.2 billion, thereby achieving the coveted ‘Unicorn’ tag.
Acquisitions
X press bees has not made any acquisitions in recent years.
Competitors
X press bees competes with other logistics service providers such as E COM Express, Delhi very, Shadow fax, DTDC, DHL and eKart Logistics.
About the founders
X press bees was founded by Amitava Saha and Supam Maheshwari, who have also co-founded First Cry. When X press bees was launched as an independent entity in 2015, Amitava Saha became the CEO of the company. He also serves as the COO at First Cry. Prior to his entrepreneurial journey, Saha had worked with companies like Brainvisa, Aricent, NIIT Technologies and Tata Steel / TISCO. Saha is an alumnus of IIM, Lucknow.
Where is X press bees's headquarters? X press bees is located in Pune, Maharashtra, India.
Who invested in X press bees? X press bees has 15 investors including Avendus Future Leaders and Nor west Venture Partners.
How much funding has X press bees raised to date? X press bees has raised $602.4M.
When was the last funding round for X press bees? X press bees closed its last funding round on Aug 2, 2022 from a Secondary Market round.
Who are X press bees's competitors? Alternatives and possible competitors to X press bees may include Flexes, Shadow fax, and Lineage Logistics.
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