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Announced

Completed

Investcorp, Norwest and Gaja led a $110m Series E round in Alibaba-backed Xpressbees.

Financials

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Transaction Value£84m
Consideration TypeCash
Capital Owned-
Capital Bid For28%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Minority

Single Bidder

India

Private

Friendly

Completed

logistics firm

Express Courier / Parcels

Private Equity

Acquisition

Cross Border

Venture Capital

Synopsis

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Private equity firms Investcorp, Norwest Venture Partners and Gaja Capital led a $110m Series E round in Alibaba-backed Xpressbees, an Indian logistics firm that works with several e-commerce firms in the country. “We have been truly impressed by their strong customer centricity and capital efficiency which has resulted in exceptional feedback from top players in the e-commerce sector,” Niren Shah, Norwest Managing Director.

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