Bahrain’s Investcorp stated on Sunday it has made an funding in Xpressbees, an Indian logistics startup, as a part of a consortium of native and world traders.
Xpressbees has a presence in additional than 2,000 cities and cities in India, with greater than 1,000 clients throughout industries together with e-commerce, pharmaceutical, shopper items, retail, manufacturing, electronics and shopper durables.
Investcorp didn’t disclose the dimensions of its funding, however stated it was a part of a Series E spherical – a late stage funding spherical to scale up a enterprise.
Indian newspaper reviews have reported that Xpressbees raised $110 million in its newest funding spherical.
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