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Announced

Completed

Blackstone, TPG and ChrysCapital led a $300m Series F funding round in Alibaba-backed Xpressbees.

Financials

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Transaction Value£221m
Consideration TypeCash
Capital Owned-
Capital Bid For25%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Minority

Venture Capital

Friendly

Private Equity

Express Courier / Parcels

India

logistics firm

Cross Border

Private

Acquisition

Completed

Synopsis

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Blackstone, an American multinational private equity, TPG, a private equity investment firm, and ChrysCapital, an India focused investment firm, led a $300m Series F funding round in Alibaba-backed Xpressbees, a Pune-based logistics startup. "Xpressbees is playing an important role in India's booming e-commerce sector, which is still at an early stage and has a long runway of development. We look forward to leveraging Blackstone's deep expertise and global network in logistics and e-commerce to accelerate Xpressbees's growth," Mukesh Mehta, Blackstone Senior Managing Director.

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