Investcorp invests in XpressBees | ZAWYA MENA Edition

SourceZawya
SectorFinancial Markets
CountryBahrain

Bahrain – Investcorp, a leading global provider and manager of alternative investment products, announced its investment in Xpressbees, a leading end-to-end e-commerce logistics platform in India. The investment was made as part of a Series E funding with participation from a consortium of local and global investors.Founded in 2015 by serial entrepreneurs Amitava Saha and Supam Maheshwari, Xpressbees is amongst 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 in the process of transforming itself into a fully-fledged supply chain company with Express Cargo, 3PL and Cross Border Logistics.“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 US $200bn+ logistics industry in India. 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’ management team in their journey to build a technology-first market defining business”, said Varun Laul, Private Equity, Investcorp India.“We deeply value the support and trust of our employees, customers, investors and partners who have been instrumental...read more...