Gurugram-based cross-border logistics startup Xindus has secured $10 million (approximately Rs 83.5 crore) in a Series A funding round led by 3one4 Capital. The round also saw participation from Orios Venture Partners, along with existing backers Shastra VC and Caret Capital.
The company plans to deploy the fresh funds to expand its operations over the next 12–18 months, aiming to grow its gross merchandise value (GMV) from $30 million to $200 million.
Cofounder Saurabh Goyal highlighted that this funding round marks a crucial step toward building the necessary infrastructure for Indian SMEs to compete globally. He noted that evolving trade regulations often hinder growth, and Xindus aims to simplify this landscape.
Founded in 2022 by Goyal, Madan Mohan, Jaikaar Singh, and Saptarshi Datta, Xindus offers a full-stack logistics platform. Its services include shipping, warehousing, compliance, returns management, and financial solutions—primarily catering to SMEs in sectors like fashion, home decor, jewellery, wellness, and Ayurveda, as well as D2C brands expanding internationally.
The investment comes amid a surge in interest in India’s logistics sector, which is gaining momentum alongside the country’s rising export ambitions. A report by Protium predicts that MSMEs will account for 45% of India’s exports, placing the country 9th globally in cross-border trade growth.
This funding trend aligns with broader sector activity, as several logistics firms prepare for IPOs. Shiprocket, for example, rebranded as “Shiprocket Limited” in January in anticipation of its public debut. Shadowfax also converted to a public entity last month, eyeing an IPO in the Rs 2,500–3,000 crore range after raising Rs 65.4 crore from its cofounders at a $750 million valuation.
In a strategic move, Delhivery recently acquired Ecom Express for $165 million to enhance its last-mile delivery capabilities. Additionally, the Indian government is working to reposition India Post as a major logistics player to boost rural commerce and SME growth, as announced in the Union Budget 2025–26.
According to Mordor Intelligence, India’s logistics industry is projected to grow from $349.4 billion in 2025 to $545.6 billion by 2030, reflecting a CAGR of 9.32%. The e-commerce logistics segment alone is expected to grow from $3.98 billion in 2024 to $10.40 billion by 2033.
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