Xpresslane
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Xpresslane - overview
Established
2019
Location
Bangalore, Karnataka, India
Primary Industry
Internet
About
Based in Bangalore, India, and established in 2019 by Ashwin Koorakula, who is also the company's chief executive officer (CEO), and Madhukar Reddimasi, Xpresslane engages in providing an e-commerce checkout platform that focuses on helping customers and merchants transactions. In August 2021, Xpresslane raised INR 30 million in venture funding from Point One Capital, Yatra Angel Network (YAN), Opus Consulting, and Manipal Technologies. The company provides a mobile application-based checkout solution that enables users to checkout transactions, track shipments, make a refund, or re-order items. Following the investment in August 2021, Xpresslane will partner with its investors to pursue the company's plan of adding new talents to further grow the business.
Current Investors
Sarcha Advisors, Yatra Angel Network, PointOne Capital
Primary Industry
Internet
Sub Industries
Web Applications, Systems Management Software
Website
www.xpresslane.in
Verticals
E-commerce, Mobile Apps
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Xpresslane - timeline of key events
Xpresslane - financials
| Fiscal Year Ended | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | - | - | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - | - |
| EBITDA (USD) | (37,008) | (28,528) | (261,820) | (58,134) | - | - | - |
| Operating Income (USD) | (37,008) | (28,528) | (261,820) | (59,749) | - | - | - |
| Operating Margin | - | - | - | - | - | - | - |
| % EBITDA Margin | - | - | - | - | - | - | - |
| NET Income (USD) | (37,008) | (28,528) | (261,820) | (59,749) | - | - | - |
| % Net Margin | - | - | - | - | - | - | - |
Xpresslane - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.