Avendus Capital advises Xpressbees on its USD 300 mn funding round led by Blackstone,TPG and ChrysCapital

We are excited to welcome our new partners Blackstone Growth, TPG Growth, and ChrysCapital in our growth journey. With their vast network and operational expertise, we believe that they will further fuel our efforts in pursuing newer opportunities and will help expand our footprint.

Amitava Saha has done a phenomenal job of transforming Xpressbees from an up-and-coming startup into one of the top logistics businesses in India today. Xpressbees is playing an important role in India’s booming ecommerce sector, which is still at an early stage and has a long runway of development.

As the Indian e-commerce market continues to grow, the need for end-to-end supply chain solutions that can meet the needs of diversified customers across industries has never been more pronounced. Xpressbees has developed a differentiated, highly scalable, and asset-light operating model that is fully integrated through a customizable tech platform. We look forward to leveraging our deep capabilities in India to support Amitava and his team as they grow the business and build on their leadership position.

XpressBees is transforming the logistics landscape in India by building a robust delivery network powered by technology. ChrysCapital is truly excited to partner with Amitava Saha and his outstanding team. XpressBees is an exciting way to back the booming e-commerce sector in India, which continues to be a strong focus for ChrysCapital. The Fund’s extensive networks and experience can help fuel XpressBees to greater heights.

We are extremely proud to partner with the Xpressbees team who have established a leadership position with their proprietary tech stack and unique outsourcing model. They have emerged as the fastest growing and best operationally run company in the space and are well on the path to comprehensively expand their offerings across the logistics value chain to address the growing need for logistics solutions.