Xpressbees, India’s fastest-growing third-party end-to-end logistics company, has raised $300 million in a Series F fundraising round headed by Blackstone Growth, TPG Growth, and ChrysCapital. Investcorp and Norwest Venture Partners are two existing investors.
Xpressbees was founded in 2015 and now operates in over 3000 cities, serving over 20,000 pin codes and delivering over 1.5 million parcels per day. Xpressbees today has over 100 hubs across India, with a total storage capacity of 10 lakh sqft, and operates out of 52 airports.
Commenting on the funding, Amitava Saha, Founder, and Chief Executive Officer, Xpressbees said, “We are excited to welcome our new partners Blackstone Growth, TPG Growth, and ChrysCapital in our growth journey. With their vast network and operational expertise, we believe that they will further fuel our efforts in pursuing newer opportunities and will help expand our footprint.”