Announced
Completed
Financials
Sources
Tags
Minority
Single Bidder
India
Private
Friendly
Completed
logistics firm
Express Courier / Parcels
Private Equity
Acquisition
Cross Border
Venture Capital
Synopsis
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.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.