Xpressbees raises $12.5m funding

Indian e-commerce logistics provider Xpressbees has raised $12.5m funds in a Series A round led by existing investors. The investors included SAIF Partners, IDG Ventures India, and Vertex Ventures.

Amitava Saha, founder and CEO of Xpressbees, commented: “We plan to use the funds to primarily invest in strengthening our technology and processes further raising the bar in service levels.

“Xpressbees has rapidly expanded in the last couple of months and has become a leading player in the ecommerce logistics market.

“Today, we operate the largest same-day delivery and next-day delivery network in the country covering around 100 cities.”