India’s cross-border logistics firm Xindus has raised $10 million in its Series A round of funding, led by domestic early-stage venture capital firm 3one4 Capital.
The round, which also saw participation from Orios Venture Partners, Shastra VC, and Caret Capital, will be used to scale Xindus’s operations by expanding its customer base to 10,000 from 1,000 in the next 18 months, while driving GMV to $200 million from $30 million.
The company further plans to strengthen its foothold in the India-US corridor while expanding market reach across key regions like the UK, Canada, Australia, Europe, and the Middle East.
Founded in 2022 by Saurabh Goyal, Madan Mohan, Jaikaar Singh, and Saptarshi Datta, Xindus helps Indian SMEs in accessing global markets by streamlining order fulfillment, worldwide shipping, trade compliance, and seamless management of financial flows through XindusOne, its platform for cross-border businesses.
Xindus’s funding comes at a time when geopolitical tensions are reshaping global trade routes — with the Trump administration reimposing steep tariffs on imports from countries like China, Vietnam, and Thailand and signalling a broader protectionist shift that’s forcing exporters and supply-chain platforms to rethink their strategies.
In a response to DealStreetAsia, Goyal said that Xindus’s technology future-proofs against global shocks and enables its customers to scale faster when opportunities arise and ensures compliance while switching to more cost-effective operations to offset higher regulatory costs.
As digital commerce and last-mile delivery services continue to grow, the Indian logistics sector is increasingly evincing investor interest.
Among those who have raised capital recently, Leap India reportedly secured Rs 535 crore from Sixth Sense, FirstBridge India, and Madhurima International in 2024. This year, Emiza garnered Rs 100 crore in a Series C round led by Evolvence India and Mirabilis Investment Trust, while IPO-bound Shadowfax raised Rs 34 crore in fresh funding.
The UK-based private equity (PE) giant Apax Partners is in talks to invest in India’s SmartShift Logistics Solutions, which owns on-demand intra-city logistics unicorn Porter, DealStreetAsia reported last month.
For 3one4, Xindus is its first investment in logistics. Other investments by 3one4 include Licious, Jupiter, Kuku FM, Yulu, Darwinbox, etc.
“Given the recent trends in global markets, India stands at a unique position to scale up its exports. We believe platforms like Xindus can fast-track India’s export growth, enabling manufacturers with the tools to streamline exports,” said Anurag Ramdasan, partner at 3one4 Capital.
