Investcorp Bahrain invests in Indian e-commerce logistics platform Xpressbees

SourceArabian Business
SectorFinancial Markets


href="">Bahrain-based Investcorp has ploughed money into the Indian start-up Xpressbees, a leading end-to-end e-commerce logistics platform. The investment is part of the Indian venture’s series E funding, in which a consortium of Indian and global investors also participated. The size of the investment was undisclosed, although the Indian venture is believed to have raised a total of $110 million in the current round of fundraising Founded in 2015 by serial entrepreneurs Amitava Saha and Supam Maheshwari, Xpressbees is among the market leaders in e-commerce logistics in India and offers services including first and last-mile delivery, reverse logistics, real-time tracking, and multiple payment collection and processing options. Xpressbees is currently in the process of transforming itself into a fully-fledged supply chain company with express cargo, 3PL and cross border logistics. Kindstar currently serves more than 3,000 hospitals in over 600 cities in China “Xpressbees is, in our view, at the strategic sweet spot of the consumption shift to digital and e-commerce, and the significant growth potential of the $200 billion plus logistics industry in India,” Varun Laul, private equity, Investcorp India, said. “Investcorp strongly believes in the digital transformation of the Indian consumer and enterprises, and hence we are excited to partner with Amitava and the Xpressbees’ more...