Indian logistics startup Xindus has raised 83.5 crore rupee (US$10 million) in its series A funding round. The investment was led by 3one4 Capital, with participation from Orios Venture Partners, Shastra VC, and Caret Capital.

Founded in 2022, Xindus provides a full-stack platform for SMEs engaged in global trade, offering services like shipping, warehousing, compliance, returns management, and financial flows.

It mainly targets sectors such as fashion, home decor, jewelry, wellness, Ayurveda, and D2C brands.

The new funding will support its expansion over the next 12 to 18 months.

Co-founder Saurabh Goyal said the company aims to grow its gross merchandise value from US$30 million to US$200 million. This comes amid rising investor interest in India’s logistics sector, driven by the country’s export growth.

🔗 Source: Inc42

🧠 Food for thought

1️⃣ India’s logistics startups are riding an export-driven growth wave

Xindus’ $10 million funding reflects a broader trend in India’s logistics sector, which is projected to grow from $349.4 billion in 2025 to $545.6 billion by 2030 at a CAGR of 9.32%.

This growth is fueled by India’s expanding export ambitions, with MSMEs expected to contribute 45% of the country’s overall exports according to the Protium report mentioned in the news.

The logistics industry has transitioned from primarily B2C services to more complex B2B solutions addressing cross-border trade, evidenced by substantial funding rounds for companies like Delhivery, which became India’s first logistics unicorn back in 2019 1.

India ranks only 35th in the World Bank’s Logistics Performance Index, indicating significant room for improvement and opportunities for startups to introduce efficiency 1.

The government’s focus on transforming India Post into a major public logistics entity, as announced in Budget 2025-26, highlights the strategic importance being placed on logistics infrastructure to support SMEs and the rural economy.

2️⃣ Logistics startups are maturing from funding to IPO readiness

Xindus’ fundraising occurs amid a wave of logistics startups preparing for public listings, signaling the sector’s maturation and investor confidence.

Shadowfax, for instance, recently converted to a public entity and reported an operating profit of ₹23 crore in FY 2023-24 with a 33% increase in operating revenue to ₹1,884 crore 2.