Full-service logistics company XpressBees has gone live on the Open Network for Digital Commerce (ONDC).
Amitava Saha, co-founder and CEO at XpressBees, said joining the platform will enable them to offer pan-India delivery services to over 20,000 PIN codes and 2,800 cities. “Joining ONDC will enable us to optimise operations and catalyse e-commerce growth,” he said.
XpressBess has 4,000 delivery centres on its network. The Pune-based firm provides B2B, B2C, cross-border and 3PL logistic services. Through ONDC, XpressBees aims to establish itself as a key participant in India’s booming e-commerce industry and expand its reach.
XpressBees is the 11th logistics company to join ONDC and the fourth to provide pan-India services. Delhivery, Shiprocket and eKart are the other firms on the platform providing pan-India services, while Loadshare serves all metro markets.
Other companies such as Dunzo, Shadowfax, Shipyaari, Grab, DTDC, eKart and Shri Maruti Integrated Logistics provide logistics support in specific locations on the platform.
T Koshy, MD & CEO, ONDC, said with XpressBees coming on board, it will strengthen their logistics network, ultimately delivering a thriving e-commerce ecosystem. “The ONDC vision is to create an open network that connects buyers, sellers and intermediaries of all kinds with each other without any digital barriers, and logistics is a key component of this,” he added.
XpressBees recently raised $80 million from Teachers’ Venture Growth, the investment arm of the Ontario Teachers’ Pension Plan. Last year, XpressBees had raised $300 million from Blackstone Growth, TPG Growth and ChrysCapital. The company is currently valued at around $1.5 billion.