Khazanah Nasional Berhad led a $40m funding round in Xpressbees.

Khazanah Nasional Berhad, a sovereign wealth fund of Malaysia, led a $40m funding round in Xpressbees, a third-party end-to-end logistics provider, with participation from Blackstone Growth, TPG Growth, ChrysCapital, Alibaba Group, Elevation Capital, Investcorp, Norwest Venture Partners and Gaja Capital. “There is a huge opportunity for tech led disruption in logistics. We have established a leading brand but are still early in our growth story. We continue on our path to become a dominant end-to-end logistics player and look to leverage any strategic opportunities. Khazanah’s disciplined long-term investment approach makes the Malaysian sovereign wealth fund a perfect partner for us in this journey,” Amitava Saha, Xpressbees Founder and CEO.