Logistics Unicorn Xpressbees Acquires Trackon

Logistics unicorn Xpressbees has acquired the New Delhi-based courier firm Trackon in
an all-cash transaction to enter the SME courier space.
The deal would leverage Xpressbees' existing network to scale up Trackon nationwide.
Trackon has primarily focused on the northern and western parts of the country, serving
around 5,000 pin codes. Xpressbees is present across 1 5,000 pin codes. "We will expand Trackon using our network and also look at cross-selling our existing
services through the franchise network of Trackon," Amitava Saha, the CEO of
Xpressbees, said. "I firmly believe it will empower our respective businesses, change
consumer experience for
the better, and enable us to build significant synergies across the two organisations,"
added Saha.
As part of the deal, Prabhat Kumar Anand, founder and CMD of Trackon, will continue to
lead the business for at least the next two years. Cofounders Pramod Kumar Singh,
Dinesh Rautela and Yoginder Kumar Dabas will move on as part of the acquisition.
"Our partnership with Xpressbees enables us to scale up our business and reach quite
significantly. By combining our experience with the capabilities of Xpressbees we will be
able to expand our service lines to our existing clients while continuing to offer best-in-
class services," said Anand.