Best CEP Companies in India
The 87 best CEP companies in India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Borzodelivery.
Ranking the top CEP companies in India by disclosed equity funding gives you a fast read on where capital conviction actually sits — and across 87 companies we track, that conviction totals $209M. Borzodelivery leads at $94M, Gati follows at $68M, and First Flight has pulled in $25M. But funding tells only part of the story. The 68 filers in our directory collectively report $1.7B in combined revenue, with a median of roughly $2M and 10% YoY growth. Blue Dart Express alone logged $667M in revenue, up 9%, and Blue Dart Aviation added another $145M at a sharper 14% clip. DTDC Express filed $287M at 10% growth. These aren't projections. They're earned.
The profit picture sharpens it further. Sector median net income sits at just $61,598, yet Blue Dart Express cleared $29M, a figure that's 478 times that median. TCI Express hit $10M, 162 times over. So the gap between the middle of this market and its top earners is genuinely wide. India's trade facilitation push adds a tailwind too: India's recent CEPA with Oman signals a broader push to reduce cross-border friction, which I'd expect to benefit established express and courier operators disproportionately. Coverage in this sector is rising. The directory below reflects that momentum.
Ranked: Best CEP companies in India
| # | Company | Revenue | Disclosed funding | Employees | Founded | Founder | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Blue Dart Operator of an express logistics company providing courier and parcel services | $682M FY2025 | — | 2 | 1983 | Khushroo Dubash Co-Founder | LiferayJavaGoogle Maps+16 | — |
| 2 | DTDC Provider of cross-border courier and e-commerce management services 76Tech top 23%Market top 25%Fin. health top 26%Talent top 28% All 9 signals ▾Techtop 23% Markettop 25% Fin. healthtop 26% Talenttop 28% Customerstop 47% Fundingtop 48% Producttop 50% Growthbottom 48% Globalbottom 37% Tech: 87 technologies across 6/8 capability areas · Cloud: Cloudflare, Google Cloud Market: 2,793 employees (top 11% of Transportation and Logistics) · Revenue ~$292M rank vs industry peers · Fliar Intelligence Index 76/100 | $292M FY2025 | $22M | 2,793 | 1990 | Tapasi Chakraborty Co-Founder & Director | WordPressApple iCloud MailGoogle Workspace+26 | — |
| 3 | Gati Provider of express distribution, supply chain, and logistics solutions 45Moat top 19%Funding top 36%Global top 36%Talent top 38% All 9 signals ▾Moattop 19% Fundingtop 36% Globaltop 36% Talenttop 38% Markettop 39% Fin. healthtop 50% Growthbottom 38% Newsbottom 36% Techbottom 24% Moat: Top 1% by revenue among 136 tracked Supply Chain Services companies · Editorial + unicorn rating 5/10 Funding: Raised $68.1M across 2 rounds · 2 rounds over 14 yrs (0.1/yr) rank vs industry peers · Fliar Intelligence Index 45/100 | $180M FY2024 | $68M | 20 | 1989 | Mahendra Agarwal Founder & CEO | SalesforceGoogle Font APIMicrosoft 365+2 | — |
| 4 | Bluedartaviation Operator of scheduled cargo airline services, offering secure and reliable transport | $148M FY2025 | — | 1,001 | 1996 | Tushar Jani Founder & Chairman | WordPressMySQLPHP+17 | — |
| 5 | Harshexpress Operator of a network providing transportation and logistics management solutions | $45M FY2025 | — | 468 | 1997 | Kamal Panjwani Managing Director | VideoJSBootstrapApache HTTP Server+9 | — |
| 6 | KRS Provider of logistics solutions, software development services, culvert installation, and pipeline… | $25M FY2025 | — | 357 | 1962 | VK Moidoo Founder | — | — |
| 7 | CAPER End-to-end courier delivery service | $25M FY2025 | — | 139 139 → 160 (+15%) | 1993 | Satish Kundapur Founder & Director | Windows ServerMicrosoft ASP.NETBootstrap+7 | 1 partnership · 1 expansion |
| 8 | AKR Express Provider of express parcel delivery services with door-to-door options | $19M FY2025 | — | — | 1997 | Ravi Kumar Managing Director | WordPressMySQLPHP+22 | — |
| 9 | Grameenext Provider of last-mile delivery services for essential goods in rural areas | $11M FY2025 | — | 35 | 2019 | Venkatakrishnan G Director & Founder Of Grameenext Private Limited And Director Of Nexus Innovative Solutions Pvt Ltd | — | — |
| 10 | Cargo People Provider of freight forwarding services | $10M FY2025 | — | — | 2010 | Kanika Adlakha Co-Founder | PHPBootstrapLiteSpeed+16 | — |
| 11 | Franchexpress Operator of a network providing parcel and document delivery services | $6M FY2025 | — | — | 2004 | — | WordPress Block EditorElementorWordPress+31 | — |
| 12 | Borzodelivery Network of couriers providing on-demand, same-day parcel delivery services 50Customers top 18%Innovation top 24%Moat top 25%Talent top 35% All 12 signals ▾Customerstop 18% Innovationtop 24% Moattop 25% Talenttop 35% Fundingtop 39% Producttop 39% Markettop 48% Techbottom 42% Globalbottom 39% Growthbottom 35% Newsbottom 34% Fin. healthbottom 33% Customers: Play-Store rating 4.26★ across 449,221 ratings (5 apps) · Review volume +15% in 6 mo Innovation: 8 new-product events in 24 mo rank vs industry peers · Fliar Intelligence Index 50/100 | $6M FY2025 | $94M | 136 136 → 296 (+118%) | 2016 | Mike Alexandrovski Founder | Apple iCloud MailGoogle WorkspaceZoho+11 | — |
| 13 | Fulcrumslgroup Provider of integrated shipping, logistics, and warehousing solutions | $3M FY2025 | — | 70 | — | — | WordPressMySQLPHP+23 | — |
| 14 | Edisafe Provider of parcel delivery services | $2M FY2025 | — | 2 | 2012 | — | — | — |
| 15 | Grand Speed Network Operator of a network providing transportation and mobility solutions | $2M FY2025 | — | — | 2016 | — | UbuntuAnimate.cssBootstrap+6 | — |
| 16 | Bombax Provider of technology-enabled courier services for personal and business partners | $1M FY2020 | — | — | 2017 | Faisal Siddiqui Co-Founder | Windows ServerGoogle MapsMicrosoft ASP.NET+22 | — |
| 17 | Doorsure Provider of express delivery services | $984K FY2022 | — | 6 | 2020 | — | — | — |
| 18 | Dexters Logistics Provider of express distribution, e-commerce, warehousing, and third-party and reverse logistics | $967K FY2025 | — | — | 2010 | Dinesh Singh CEO & MD | Master SliderSlider RevolutionWordPress+24 | — |
| 19 | LogixKart Provider of warehousing, air & sea transportation, and delivery services | $415K FY2022 | — | — | 2018 | Shailesh Kumar Founder | — | — |
| 20 | Irushh | $393K FY2025 | — | 1 | 2019 | — | — | — |
| 21 | Aipex WorldWide Provider of domestic and international courier services, including customs clearing and warehousing | $254K FY2025 | — | — | 2016 | Sadanand Pandey Founder & MD | BootstrapNginxCloudflare+10 | — |
Top 5 CEP companies in India
#1
Series C · Mumbai, Maharashtra · founded 2016 · 136 employees$94Mraised▾
Network of couriers providing on-demand, same-day parcel delivery services. The company facilitates item pickup and delivery through its application and website. It offers options such as scheduled, next-day, and same-day delivery. The company provides features like package tracking, branded SMS updates, and support services.
- Aug 2021Series C$35M
- Aug 2019Series B$15M
- Sep 2018Series A$2M
- Aug 2017Series A$2.2M
#2
Public · Hyderabad, Telangana · founded 1989 · 20 employees$68.1Mraised▾
Provider of express distribution, supply chain, and logistics solutions. The business offers ground and air express options, alongside retail services. Consultative logistics includes warehouse storage, distribution, transportation, and in-plant management. Services extend to e-commerce order fulfillment, supported by technology and sustainability initiatives. The company provides tools for shipment tracking, branch location, and claim requests.
- Dec 2019Post IPO—
- 2014Post IPO$19M
- 2012Post IPO$49.1M
#3
Early Stage · Bengaluru, Karnataka · founded 1990 · 2793 employees$21.9Mraised▾
Provider of cross-border courier and e-commerce management services. Its supply chain solutions offering domestic and international express, freight, transportation, logistics management, warehousing, and distribution services. They use technology as the essence of all their service packages and offer single-window frameworks to all e-commerce websites.
- Jan 2018Unattributed$1.7M
- Mar 2016Unattributed$2.4M
- Jul 2013Unattributed$3.5M
- Sep 2012Unattributed—
#4
Seed · Gurugram, Haryana · founded 2019$32.7Kraised▾
Platform providing booking and comparison for courier, postal, and transport. It facilitates shipment scheduling, tracking, and delivery services. The platform offers options for individuals, small businesses, and large enterprises. It provides tools for postal recordkeeping, address management, and courier rate comparisons.
- Apr 2022Angel$32.7K
#5
Late Stage · Mumbai, Maharashtra · founded 1988 · 36 employees$25Mraised▾
Provider of multi modal freight forwarder transporting services. The company provide services for personal, professional, and private courier packages across the globe. Customers can book their shipments online and track their consignment.
- 2007PE$25M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of CEP coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.