Cross Border Logistics Startup Xindus Bags $10 Mn

SUMMARY

Gurugram-based Xindus raises $10 Mn Series A led by 3one4 Capital to expand operations and increase GMV from $30 Mn to $200 Mn

Founded in 2022, the startup offers a full-stack platform integrating shipping, warehousing and compliance for SMEs in sectors like fashion, home decor and wellness

The funding comes amid growing investor interest in India's logistics sector, with competitors Shiprocket and Shadowfax preparing for IPOs and the government transforming India Post into a major logistics entity

Gurugram-based cross border logistics startup Xindus has raised $10 Mn (around INR 83.5 Cr) in a Series A funding round led by 3one4 Capital.

The round also saw participation from Orios Venture Partners, along with existing investors Shastra VC and Caret Capital.

The startup plans to use the fresh capital to scale up its operations in the next 12-18 months and boost its gross merchandise value to $200 Mn from $30 Mn.

“This funding is a key step in building the infrastructure Indian SMEs need to scale globally. Trade regulations are complex and constantly changing—most businesses lose momentum trying to keep up,” Xindus cofounder Saurabh Goyal told Inc42.

Founded in 2022 by Goyal, Madan Mohan, Jaikaar Singh and Saptarshi Datta, Xindus offers a full-stack platform that integrates shipping, warehousing, compliance, returns management and financial flows for small and medium enterprises (SMEs) engaged in global trade.

The startup primarily serves SMEs from sectors including fashion and apparel, home decor, jewellery, wellness and Ayurveda, as well as D2C brands looking to expand globally.

The funding comes amid growing investor interest in India’s logistics sector, which supports the country’s expanding export ambitions. According to a Protium report, MSMEs are expected to contribute 45% of India’s overall exports, with the country ranking 9th globally in cross-border trade growth.

This also comes at the heart of several logistics players raising capital and preparing for public listings. For instance, Shiprocket converted to a public company in January, rebranding as “Shiprocket Limited,” as it prepares for an IPO.

Similarly, Shadowfax converted into a public entity last month as it prepares for an IPO valued between INR 2,500-3,000 Cr. The logistics provider raised INR 65.4 Cr from its cofounders at a $750 Mn valuation.

Meanwhile, Delhivery announced its acquisition of Ecom Express for $165 Mn to strengthen its last-mile delivery capabilities. The government is also transforming India Post into a major public logistics entity to boost rural economy and support SMEs, as announced in the Union Budget 2025-26.

According to Mordor Intelligence, India’s logistics sector is projected to grow from $349.4 Bn in 2025 to $545.6 Bn by 2030, with a CAGR of 9.32%. The e-commerce logistics segment specifically is expected to expand from $3.98 Bn in 2024 to $10.40 Bn by 2033.