India logistics player Xpressbees raises $300m
The Blackstone Group, TPG Capital, and ChrysCapital Partners have participated in a USD 300m round for Xpressbees, an Indian logistics start-up established by the team behind mother-and-baby retailer FirstCry.
The round comprises USD 100m in primary capital and a USD 200m secondary piece that was used to facilitate partial exits for Alibaba Group and Elevation Capital and a full exit for an unnamed Chinese investor....
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