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

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.