Gurugram-based cross-border logistics startup Xindus has secured $10 million (roughly Rs 83.5 crore) in a Sequence A funding spherical led by 3one4 Capital. The spherical additionally noticed participation from Orios Enterprise Companions, together with current backers Shastra VC and Caret Capital.
The corporate plans to deploy the contemporary funds to increase its operations over the following 12–18 months, aiming to develop its gross merchandise worth (GMV) from $30 million to $200 million.
Cofounder Saurabh Goyal highlighted that this funding spherical marks an important step towards constructing the required infrastructure for Indian SMEs to compete globally. He famous that evolving commerce laws usually hinder progress, and Xindus goals to simplify this panorama.
Based in 2022 by Goyal, Madan Mohan, Jaikaar Singh, and Saptarshi Datta, Xindus provides a full-stack logistics platform. Its providers embrace transport, warehousing, compliance, returns administration, and monetary options—primarily catering to SMEs in sectors like style, residence decor, jewelry, wellness, and Ayurveda, in addition to D2C manufacturers increasing internationally.
The funding comes amid a surge in curiosity in India’s logistics sector, which is gaining momentum alongside the nation’s rising export ambitions. A report by Protium predicts that MSMEs will account for 45% of India’s exports, putting the nation ninth globally in cross-border commerce progress.
This funding pattern aligns with broader sector exercise, as a number of logistics companies put together for IPOs. Shiprocket, for instance, rebranded as “Shiprocket Restricted” in January in anticipation of its public debut. Shadowfax additionally transformed to a public entity final month, eyeing an IPO within the Rs 2,500–3,000 crore vary after elevating Rs 65.4 crore from its cofounders at a $750 million valuation.
In a strategic transfer, Delhivery not too long ago acquired Ecom Categorical for $165 million to boost its last-mile supply capabilities. Moreover, the Indian authorities is working to reposition India Put up as a significant logistics participant to spice up rural commerce and SME progress, as introduced within the Union Price range 2025–26.
In keeping with Mordor Intelligence, India’s logistics business is projected to develop from $349.4 billion in 2025 to $545.6 billion by 2030, reflecting a CAGR of 9.32%. The e-commerce logistics phase alone is predicted to develop from $3.98 billion in 2024 to $10.40 billion by 2033.
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