Meet Amitava Saha: How He Built Xpressbees into India’s Fastest-Growing E-commerce Logistics Company worth around 9800 Crores

The Story of Amitava Saha: Receiving and distributing goods is an essential element of every industry. Collecting resources, and separating and allocating specialized deliverers are critical steps performed to achieve client expectations. It maintains the e-commerce industry’s flow. Logistics is one of the most important aspects of the e-commerce industry. The E-commerce industry’s business model is based on trust and last-mile delivery of products and services. So logistics is always a top priority for online industries. Optimizing the logistical industry has been the core focus of the e-commerce landscape for the past few years. This is where a visionary like Amitava Saha comes into the picture.

Amitava Saha is the co-founder and CEO of Xpressbees, India’s leading logistics service provider. Xpressbees has a great network of supply chain management across the country. It is disrupting India’s logistics landscape with the use of high-end technology. The startup provides a wide range of logistical services both locally and abroad. The services are labeled E-commerce Logistics, Express Cargo, Cross-border Logistics, and Fulfilment Services. Xpressbees meets the needs of its clients with rapid delivery using cutting-edge technology and Reverse Logistics.

The Illustrious Career of Amitava Saha

Amitava Saha has amassed many feathers in his hat. His life is full of achievements and accomplishments. Since childhood, he has been very bright and talented. He pursued BTech at the IIT BHU. Upon graduation, he obtained PGDM (Post Graduate Diploma in Management) from IIM Lucknow. Amitava worked as a Senior Officer at Tata Steel, a Sr. Business Development Executive at NIIT Technologies, and a Business Development Manager at Aricent before co-founding Xpressbees. He then joined Brainvisa Technologies, where he worked as a Director, and VP, and was eventually elevated to Senior VP. Amitava Saha subsequently decided to establish FirstCry, where he worked as Co-Founder and COO, before establishing Xpressbees. He has over 17 years of sales and operations experience.

Growth Story of Xpressbees

Xpressbees, an online logistics company that offers express delivery services, was founded in 2015 after being spun off from the e-commerce powerhouse FirstCry. It was founded by Amitava Saha and his friend Supam Maheshwari, with whom he founded FirstCry too in 2010. Xpressbees began with 50,000 shipments per day and has since grown exponentially. The milestones achieved by the Xpressbees in its growth journey have been listed below:

• The startup ships around 3 million (30 lakh) shipments per day as of 2022
• As of 2022, the company employs over 3000 people, has over 3000 offices and service centers, 52 airport connections, and operates in over 2500 network cities.
• According to the financial statistics obtained during FY21, the company’s sales surpassed Rs 1000 crore.
• The company’s business operations expanded by 99.7% in the fiscal year 2019, totaling INR 540.95 crore, up from INR 270.83 crore in FY18.
• In FY21, Xpressbees increased their revenue from operations by 32.7%, to INR 1004.8 crore, from INR 757.2 crore in FY20.
• In 2022, the company became a unicorn, with a valuation of 1.2 billion dollars (more than 9800 crores).

Business Strategy of Xpressbees

The Xpressbees business concept is divided into two parts: B2B and B2C. Their B2B business strategy is offering services to other businesses and internet markets. The B2C E-Commerce model involves offering goods to end users. Xpressbees’ main source of business is also fulfillment services, which include warehousing and transportation. Xpressbees’ focus on technology and innovation has paid off tremendously.

Xpressbees has a strong focus on technology and innovation, which has helped the company to differentiate itself in the highly competitive e-commerce logistics industry. The company uses a proprietary algorithm to optimize its delivery routes and has developed a unique last-mile delivery model that leverages local delivery partners to ensure timely and efficient delivery of goods. The company has also invested heavily in building a robust technology infrastructure that enables customers to track their deliveries in real-time and a customer service portal that provides support to customers.

Current Standings

The Xpressbees startup is headquartered in Pune, Maharashtra. The company is currently backed by the likes of Innoven Capital and Alibaba. The startup’s legal name is Busybees Logistics Solutions Private Limited. The startup crossed the revenue mark of 1900 crore, earning 1905 crore revenue in FY22. The startup is valued at around $ 1.2 Billion (more than Rs 9800 crores). Amitava Saha’s leadership and vision have been instrumental in Xpressbees’ success. His journey from IIT to Unicorn is a testament to the power of hard work, perseverance, and entrepreneurship.