Private Equity Funds Invest Rs 800 Crore in Xpressbees

November 9, 2020November 9, 2020

Private Equity Funds including Investcorp, Norwest Venture Partners and Gaja Capital had invested together Rs.800 crore ($110 million) for acquiring 31% stake in the E-commerce focused end-to-end supply chain solutions provider, Xpressbees.
Xpressbees was founded back in 2015 by serial entrepreneurs Amitava Saha (Founder of Firstcry) and Supam Maheshwari. It is amongst the largest players in India’s E-commerce logistics business and handles more than over 2 million shipments on a daily basis across India in its network.
“We will use this investment for further automating our hubs and sort centres, increased investments in technology and to expand our delivery footprint to cover the entire country,” said Chief Executive Officer of Xpressbees, Amitava Saha.
Alibaba and SAIF Partners are the other major investors in Xpressbees. In 2017, Alibaba Group had invested about $35 Mn (Rs.224 Cr) in the E-commerce supply chain firm. Earlier this year, Alibaba had invested an additional $10 million in XpressBees.
The Pune-based XpressBees is operated by BusyBees Logistics Solutions. Till now, it has raised about $65 million from various investors. In 2016, it has raised about $12.5 million from its existing investors including SAIF Partners, IDG Ventures India, Vertex Ventures, NEA and Valiant Capital.
Currently Xpressbees has its presence across 2,000 towns and cities and is working with more than 1,000 customers across E-commerce, pharma, retail, manufacturing, FMCG and electronics and consumer durables industry. Its major clients include Flipkart, Myntra, Snapdeal, Netmeds, Lupin, Marico, Reliance Ajio, Meesho and Purple.

INDEX OUTLOOK MARKET OUTLOOK NIFTY IT

NIFTY IT Outlook for the Week (June 03, 2024 – June 07, 2024)

CRON USERMay 31, 2024

May 31, 2024

NIFTY IT closed the previous week on a negative note losing 5.69%.

Technically, NIFTY IT share price will see immediate support at 31,702.25 and immediate resistance would be seen at 33,648.50.

If NIFTY IT share price closes below immediate support of 31,702.25, then sharp breakdown can be seen. NIFTY IT share price will see major support at 31,018.40 for the week.

On the positive side, immediate resistance will be seen at 33,648.50. Closing above 33,648.50, NIFTY IT share price will see a sharp breakout. Major resistance for NIFTY IT share price will be seen at 34,910.90 for the week.

Trading range for NIFTY IT share price for this week should be between 29,756.00 on down side and 35,594.75 on up side.

NIFTY IT Previous Week High: 34227.05

NIFTY IT Previous Week Low: 32280.8

NIFTY IT Previous Week Range: 1946.25 Points

NIFTY IT share price support and resistance for the week (June 03, 2024 – June 07, 2024)

Level Type	Value
Resistance 3	35,594.75
Resistance 2	34,910.90
Resistance 1	33,648.50
Support 1	31,702.25
Support 2	31,018.40
Support 3	29,756.00

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INDEX OUTLOOK MARKET OUTLOOK NIFTY IT

NIFTY IT Outlook for the Week (May 27, 2024 – May 31, 2024)

CRON USERMay 24, 2024

May 24, 2024

NIFTY IT closed the previous week on a negative note losing 2.66%.

Technically, NIFTY IT share price will see immediate support at 33,311.35 and immediate resistance would be seen at 34,217.65.

If NIFTY IT share price closes below immediate support of 33,311.35, then sharp breakdown can be seen. NIFTY IT share price will see major support at 32,798.40 for the week.

On the positive side, immediate resistance will be seen at 34,217.65. Closing above 34,217.65, NIFTY IT share price will see a sharp breakout. Major resistance for NIFTY IT share price will be seen at 34,611.00 for the week.

Trading range for NIFTY IT share price for this week should be between 32,405.05 on down side and 35,123.95 on up side.

NIFTY IT Previous Week High: 34098.05

NIFTY IT Previous Week Low: 33191.75

NIFTY IT Previous Week Range: 906.3 Points

NIFTY IT share price support and resistance for the week (May 27, 2024 – May 31, 2024)

Level Type	Value
Resistance 3	35,123.95
Resistance 2	34,611.00
Resistance 1	34,217.65
Support 1	33,311.35
Support 2	32,798.40
Support 3	32,405.05

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INDEX OUTLOOK MARKET OUTLOOK NIFTY IT

NIFTY IT Outlook for the Week (May 20, 2024 – May 24, 2024)

CRON USERMay 17, 2024

May 17, 2024

NIFTY IT closed the previous week on a negative note losing 3.25%.

Technically, NIFTY IT share price will see immediate support at 32,778.50 and immediate resistance would be seen at 33,875.95.

If NIFTY IT share price closes below immediate support of 32,778.50, then sharp breakdown can be seen. NIFTY IT share price will see major support at 32,175.15 for the week.

On the positive side, immediate resistance will be seen at 33,875.95. Closing above 33,875.95, NIFTY IT share price will see a sharp breakout. Major resistance for NIFTY IT share price will be seen at 34,370.05 for the week.

Trading range for NIFTY IT share price for this week should be between 31,681.05 on down side and 34,973.40 on up side.

NIFTY IT Previous Week High: 33766.7

NIFTY IT Previous Week Low: 32669.25

NIFTY IT Previous Week Range: 1097.45 Points

NIFTY IT share price support and resistance for the week (May 20, 2024 – May 24, 2024)

Level Type	Value
Resistance 3	34,973.40
Resistance 2	34,370.05
Resistance 1	33,875.95
Support 1	32,778.50
Support 2	32,175.15
Support 3	31,681.05

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INDEX OUTLOOK MARKET OUTLOOK NIFTY IT

NIFTY IT Outlook for the Week (May 13, 2024 – May 17, 2024)

CRON USERMay 10, 2024

May 10, 2024

NIFTY IT closed the previous week on a negative note losing 2.20%.

Technically, NIFTY IT share price will see immediate support at 32,639.30 and immediate resistance would be seen at 33,378.25.

If NIFTY IT share price closes below immediate support of 32,639.30, then sharp breakdown can be seen. NIFTY IT share price will see major support at 32,343.45 for the week.

On the positive side, immediate resistance will be seen at 33,378.25. Closing above 33,378.25, NIFTY IT share price will see a sharp breakout. Major resistance for NIFTY IT share price will be seen at 33,821.35 for the week.

Trading range for NIFTY IT share price for this week should be between 31,900.35 on down side and 34,117.20 on up side.

NIFTY IT Previous Week High: 33525.5

NIFTY IT Previous Week Low: 32786.55

NIFTY IT Previous Week Range: 738.95 Points

NIFTY IT share price support and resistance for the week (May 13, 2024 – May 17, 2024)

Level Type	Value
Resistance 3	34,117.20
Resistance 2	33,821.35
Resistance 1	33,378.25
Support 1	32,639.30
Support 2	32,343.45
Support 3	31,900.35

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INDEX OUTLOOK MARKET OUTLOOK NIFTY IT

NIFTY IT Outlook for the Week (May 06, 2024 – May 10, 2024)

CRON USERMay 3, 2024

May 3, 2024

NIFTY IT closed the previous week on a negative note losing 3.26%.

Technically, NIFTY IT share price will see immediate support at 32,468.32 and immediate resistance would be seen at 33,570.67.

If NIFTY IT share price closes below immediate support of 32,468.32, then sharp breakdown can be seen. NIFTY IT share price will see major support at 32,028.23 for the week.

On the positive side, immediate resistance will be seen at 33,570.67. Closing above 33,570.67, NIFTY IT share price will see a sharp breakout. Major resistance for NIFTY IT share price will be seen at 34,232.93 for the week.

Trading range for NIFTY IT share price for this week should be between 31,365.97 on down side and 34,673.02 on up side.

NIFTY IT Previous Week High: 33792.85

NIFTY IT Previous Week Low: 32690.5

NIFTY IT Previous Week Range: 1102.35 Points

NIFTY IT share price support and resistance for the week (May 06, 2024 – May 10, 2024)

Level Type	Value
Resistance 3	34,673.02
Resistance 2	34,232.93
Resistance 1	33,570.67
Support 1	32,468.32
Support 2	32,028.23
Support 3	31,365.97

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NIFTY IT Outlook for the Week (June 03, 2024 – June 07, 2024)

NIFTY IT Outlook for the Week (May 27, 2024 – May 31, 2024)

NIFTY IT Outlook for the Week (May 20, 2024 – May 24, 2024)

NIFTY IT Outlook for the Week (May 13, 2024 – May 17, 2024)

NIFTY IT Outlook for the Week (May 06, 2024 – May 10, 2024)

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