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Investcorp Invests In Indian Logistics Startup Xpressbees

Investcorp Invests In Indian Logistics Startup Xpressbees

Bahrain's Investcorp said on Sunday it has made an investment in Xpressbees, an Indian logistics startup, as part of a consortium of local and global investors.

DUBAI: Bahrain’s Investcorp said on Sunday it has made an investment in Xpressbees, an Indian logistics startup, as part of a consortium of local and global investors.

Xpressbees has a presence in more than 2,000 towns and cities in India, with more than 1,000 customers across industries including e-commerce, pharmaceutical, consumer goods, retail, manufacturing, electronics and consumer durables.

Investcorp did not disclose the size of its investment, but said it was part of a Series E round – a late stage funding round to scale up a business.

Indian newspaper reports have reported that Xpressbees raised $110 million in its latest funding round.

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