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Exclusive: Mid-market PE fund investing in Alibaba-backed Xpressbees

By Bruhadeeswaran R

  • 24 Aug 2020
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Exclusive: Mid-market PE fund investing in Alibaba-backed Xpressbees
Credit: Thinkstock

Xpressbees, the Alibaba Group-backed logistics company that focuses on the e-commerce sector, is raising a new round of equity funding, two people aware of the development told VCCircle. Pune-based Xpressbees, operated by Busybees Logistics Solutions Pvt. Ltd, is aiming to mop up as much as $50 million (Rs 370 crore), the ......

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