Pune's Xpressbees acquires TrackOn, a New Delhi courier firm.

- XpressBees, an e-commerce logistics startup, acquires Trackon, a supply chain firm, for expansion.

- XpressBees' first acquisition since its founding in 2015.

- The move lets XpressBees enter SME courier sector and expand Trackon's operations nationally.

- Financial details of the transaction remain undisclosed.

- Trackon's founder, Prabhat Kumar Anand, to lead independently for two years; co-founders resign.

- XpressBees and Trackon partnership expected to offer expanded services to clients.

- Trackon aims to expand coverage from 5,600 to 12,000 pin codes.

- XpressBees achieved unicorn status post $300 million funding round in Feb 2021.

- Ontario Teachers’ Pension Plan Board considers $100 million investment in XpressBees.

- XpressBees ranked third among new-age logistics firms in FY22 with revenue of around Rs 2,000 crore.