Logistics Platform Xindus Raises $10 Million Pre-Series A Led by 3one4 Capital
Xindus, an end to end cross border logistics startup to support Indian SMEs' global reach, has raised $10 million in a pre-Series A round of funding headed by 3one4 Capital. Orios Venture Partners also co-led the round and was joined by current investors Shastra VC and Caret Capital. The firm is expecting to put the new funding towards expanding operations, growing its customers from 1,000 to 10,000 within a period of 12 to 18 months while aiming to grow to $200 million of GMV.
Xindus seeks to enhance its presence both in India and the US, as well as extend its market base to the UK, Canada, Australia, Europe, and the Middle East. The startup plans to continue to invest in its flagship service, XindusOne, empowering Indian SMEs to go global, automate order fulfillment, ship globally, and manage trade compliance and finance flows effortlessly with the new funds.
Established in 2022 by Saurabh Goyal (CEO and Founder), Madan Mohan (CTO and Co-founder), Jaikaar Singh (EVP and Co-founder), and Saptarshi Datta (EVP and Co-founder), Xindus makes global cross-border trade easier using a connected platform that provides selling, shipping, storing, returning, and receiving payments internationally. "This funding marks an important milestone in constructing the infrastructure Indian SMEs require to expand globally.". Trade rules are intricate and constantly evolving too many businesses are having trouble keeping up. Xindus is solving the problem. We're dedicated to providing fast, compliant growth at scale so that businesses can do what they do best: sell and grow beyond borders," said Saurabh Goyal, Xindus' Founder and CEO.
With more than 200 marketplace integrations, Xindus asserts that it has minimized trade complexity and cost by 20%, with a 98.4% on-time delivery performance. "With the recent trends in international markets, India is well-placed to boost its exports. We think platforms such as Xindus can help drive India's export growth, providing manufacturers with the tools they need to simplify their export processes. We are excited to back Saurabh in creating India's largest trade enablement platform," said Anurag Ramdasan, Partner at 3one4 Capital. "India's shift towards a trillion-dollar export economy, Xindus will be playing a revolutionary part in helping SMEs compete fairly on the world stage by delivering a holistic, world-class but affordable experience," said Madhav Tandan, Senior Partner at Orios Ventures.
Xindus seeks to enhance its presence both in India and the US, as well as extend its market base to the UK, Canada, Australia, Europe, and the Middle East. The startup plans to continue to invest in its flagship service, XindusOne, empowering Indian SMEs to go global, automate order fulfillment, ship globally, and manage trade compliance and finance flows effortlessly with the new funds.
Established in 2022 by Saurabh Goyal (CEO and Founder), Madan Mohan (CTO and Co-founder), Jaikaar Singh (EVP and Co-founder), and Saptarshi Datta (EVP and Co-founder), Xindus makes global cross-border trade easier using a connected platform that provides selling, shipping, storing, returning, and receiving payments internationally. "This funding marks an important milestone in constructing the infrastructure Indian SMEs require to expand globally.". Trade rules are intricate and constantly evolving too many businesses are having trouble keeping up. Xindus is solving the problem. We're dedicated to providing fast, compliant growth at scale so that businesses can do what they do best: sell and grow beyond borders," said Saurabh Goyal, Xindus' Founder and CEO.
With more than 200 marketplace integrations, Xindus asserts that it has minimized trade complexity and cost by 20%, with a 98.4% on-time delivery performance. "With the recent trends in international markets, India is well-placed to boost its exports. We think platforms such as Xindus can help drive India's export growth, providing manufacturers with the tools they need to simplify their export processes. We are excited to back Saurabh in creating India's largest trade enablement platform," said Anurag Ramdasan, Partner at 3one4 Capital. "India's shift towards a trillion-dollar export economy, Xindus will be playing a revolutionary part in helping SMEs compete fairly on the world stage by delivering a holistic, world-class but affordable experience," said Madhav Tandan, Senior Partner at Orios Ventures.
