Xindus Secures $10 Million Funding to Expand Global Trade Operations
Xindus Secures $10 Million Funding to Expand Global Trade Operations

Xindus Secures $10 Million Funding to Expand Global Trade Operations

News summary

Xindus, a Gurugram-based cross-border logistics startup, has successfully secured $10 million in a Series A funding round led by 3one4 Capital, with participation from Orios Venture Partners and existing investors. Founded in 2022, the company provides a full-stack platform designed to simplify global trade for small and medium enterprises (SMEs), offering solutions for order fulfillment, shipping, compliance, and financial management. The newly acquired funds will help Xindus expand its customer base from 1,000 to 10,000 over the next 12-18 months and increase its gross merchandise value to $200 million. The startup aims to enhance its presence in the India-US trade corridor while also targeting markets in the UK, Canada, Australia, Europe, and the Middle East. Co-founder Saurabh Goyal emphasized that the funding is crucial for building infrastructure to help Indian SMEs navigate complex trade regulations and achieve global growth. With over 200 marketplace integrations, Xindus claims to have reduced trade complexity and costs for its users significantly.

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