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

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.