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Xpressbees’ Loss Widens 11% To INR 200 Cr In FY24
- Logistics unicorn Xpressbees reported a net loss of INR 199.9 Cr in FY24, a 10.8% increase compared to the previous fiscal year.
- Operating revenue grew 11.8% to INR 2,831.3 Cr in FY24.
- Xpressbees handles millions of shipments daily across 19,000+ pin codes and has raised over $630 Mn in funding.
- The startup's major expenses include logistics costs, employee benefit expenses, and shipping expenses.
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