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Xpressbees raises $8 million from SAIF, Vertex
Posted On: 09-02-2016 00:00:00 16

As per a report in Times of India:

E-commerce logistics firm Xpressbees has raised around $8 million or about Rs 54 crore from early-stage investor SAIF Partners and Vertex. Xpressbees, is the logistics arm of FirstCry—an e-commerce portal for baby and maternity products. Both Vertex Ventures and SAIF Partners are investors in FirstCry as well. Ratan Tata, chairman emeritus of Tata Sons, invested in First Cry late last month.

Xpressbees which started as a logistics support provider for FirstCry is now cashing in on the growing investor interest around this space. It has other e-commerce players as its partners including Snapdeal.

Most of the leading e-commerce companies including Flipkart, Myntra and Amazon have their own last-mile logistics support to feed the growing demand of online shopping. According to reports, Flipkart has invested Rs 600+ crore into its logistic arm Ekart and plans to open it up for rival e-commerce companies as well.

 
 
 

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