India, April 19 -- Logistics unicorn Xpressbees saw an uptick in its consolidated net loss in the fiscal year ended March 31, 2024 (FY24), despite a healthy growth in its top line. The startup, which began operations as the logistics arm of listed new-age tech company FirstCry, reported a 10.8% increase in its loss to INR 199.9 Cr in FY24 from INR 180.4 Cr in the previous fiscal year.

Operating revenue grew 11.8% to INR 2,831.3 Cr during the year under review from INR 2,531.5 Cr in FY23. Including other income of INR 109.1 Cr, its total revenue rose 12.9% to INR 2,940.5 Cr from INR 2,604.4 Cr in FY23.

Xpressbees was founded by Amitava Saha and Supam Maheshwari in 2012 to serve as the logistics service provider for FirstCry. It was hived...