Bahrain’s Investcorp said on Sunday that it has invested in Xpressbees, an Indian logistics startup, as part of a consortium of local and global investors.
Xpressbees has a presence in over 2,000 towns and cities in India, with over 1,000 customers 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 meet the scale of a business.
The Indian newspaper report reported that Xpressbees raised $ 110 million in its latest funding round.
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