Funding Galore: Indian Startup Funding Of The Week [November 9- 14]
India, Nov. 14 -- We bring to you the latest edition of Funding Galore: Indian Startup Funding Of The Week!
Pune-headquartered logistics company Xpressbees has raised $110 Mn in Series E funding round led by private equity firms Investcorp, Norwest Venture Partners and Gaja Capital. The new round valued the startup at more than $400 Mn. It plans to deploy the fresh capital to further automate its hubs and sorting centres, and expand its delivery footprint to cover the entire country.
Founded in 2015 by Amitava Saha and Supam Maheshwari, Xpressbees offers logistics services such as last-mile delivery, reverse logistics, payment collection, drop shipping, vendor management, cross-border services, fulfilment services and tailored software ...
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