Apr-May-June-2018
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INTERVIEW | Amitava Saha<br />
XpressBees<br />
All Set to be the Largest<br />
Cross-Border Player<br />
In the wake of the recent investment<br />
from Alibaba Group, Amitava Saha,<br />
the Co-Founder and CEO, XpressBees,<br />
an e-commerce specialized logistics’<br />
company, discusses plans for positioning<br />
itself as the leader in e-commerce logistics,<br />
in a tête-à-tête with Nahida Jafferi.<br />
XpressBees spun out of FirstCry- an online<br />
baby products portal, in 2015, and saw<br />
150 percent growth in 2017 while being<br />
4X more capital efficient compared to its<br />
competitors, and how. Edited Excerpts:<br />
Post investment from Alibaba, what are the<br />
growth plans and initiatives of XpressBees?<br />
Alibaba infused around $100 million in XpressBees, which<br />
is a mix of primary and secondary investment. Our aim is<br />
to grow 5X in next two years. The capital will be utilized<br />
to consolidate our leadership position in the current vertical,<br />
and expanding our warehousing and cross-border<br />
logistics capability. Our investment focus shall continue<br />
to be technology, since it plays a major role in optimizing<br />
business operations. We plan to expand without burning<br />
a lot of money.<br />
Will the Alibaba funded companies use XpressBees<br />
for its 3PL business?<br />
We will be the primary 3PL partner for most Alibaba<br />
funded companies. Simultaneously, we will be working<br />
with other companies in the ecosystem as an<br />
22<br />
APR - JUN <strong>2018</strong> | www.acaainews.com
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