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