Announced
Completed
Financials
Sources
Tags
Acquisition
Majority
Single Bidder
Cross Border
Private
India
logistics firm
Express Courier / Parcels
Private Equity
Friendly
Completed
Synopsis
Teachers’ Venture Growth, a late-stage venture, and growth investment arm of Ontario Teachers' Pension Plan, completed the $80m investment in Xpressbees, a third-party end-to-end logistics platform in India. “We believe the logistics sector is at the cusp of technological disruption and this is the right time to expand service offerings to address the growing needs of businesses and consumers. We are elated to partner with the TVG team who bring rich experience and a vast global network which will help as we scale our end-to-end platform to cater to the next level,” Amitava Saha, Xpressbees Founder and CEO.
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