Logistics Company Xpressbees Raises Nearly Rs 85.43 Crore From SAIF Partners

The E-commerce industry is blossoming as a result the Busybees Logistics Solutions (Known as Xpressbees) have gained the advantage from its Investors. In a latest development the Investors have decided to invest Rs.85.43 Crores more in just 6 months from its start. The investors include SAIF Partners, IDG Ventures India, NEA, Vertex Ventures and Valiant Capital.

TATA group till now has backed up the Xpressbees in order to promote the Firstcry.com site. It nearly delivers 60,000 shipments daily on a fast note and in a reliable manner. They have specialized in e-commerce shipments.

Amitava, founder & CEO of Xpressbees have expressed satisfaction over the decision of the investors and stated that the funds will be utilized in increasing the processing and the technology fields.

Xpressbees is a tough competitor for Delivery of Tiger Global & Ecom Express of Warburg Pincus which are E-Commerce based logistic companies.