Xpressbees
Pune-based tech-enabled logistics firm offering express parcel delivery, B2B freight, cross-border shipping and warehousing to e-commerce brands and enterprises in India.
Xpressbees (legal entity: Busybees Logistics Solutions Pvt. Ltd.) is a logistics company, not an AI-first company. It runs B2C express parcel, B2B express, cross-border, 3PL/warehousing and returns/COD services for e-commerce and D2C sellers, and it acquired Trackon Couriers. It became a unicorn in Feb 2022 after a $300M Series F ($100M primary) from Blackstone, TPG and ChrysCapital. It then raised an $80M Series G in Nov 2023, led by Ontario Teachers', at about a $1.44B valuation. In FY25 it reported about ₹2,874 Cr in operating revenue (≈₹2,961 Cr total) and a net loss of about ₹370 Cr.
