In the wake of the recent investment from Alibaba Group, Amitava Saha, the Co-Founder and CEO, XpressBees, an e-commerce specialized logistics’ company, discusses plans for positioning itself as the leader in e-commerce logistics, in a tête-à-tête with Nahida Jafferi. XpressBees spun out of FirstCry- an online baby products portal, in 2015, and saw 150 percent growth in 2017 while being 4X more capital efficient compared to its competitors, and how. Edited Excerpts:
Post investment from Alibaba, what are the growth plans and initiatives of XpressBees?
Alibaba infused around $100 million in XpressBees, which is a mix of primary and secondary investment. Our aim is to grow 5X in next two years. The capital will be utilized to consolidate our leadership position in the current vertical, and expanding our warehousing and cross-border logistics capability. Our investment focus shall continue to be technology, since it plays a major role in optimizing business operations. We plan to expand without burning a lot of money.
Post investment from Alibaba, what are the growth plans and initiatives of XpressBees?
Alibaba infused around $100 million in XpressBees, which is a mix of primary and secondary investment. Our aim is to grow 5X in next two years. The capital will be utilized to consolidate our leadership position in the current vertical, and expanding our warehousing and cross-border logistics capability. Our investment focus shall continue to be technology, since it plays a major role in optimizing business operations. We plan to expand without burning a lot of money.
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