Khazanah commits $40m to India's Xpressbees
Malaysia sovereign wealth fund Khazanah Nasional has invested USD 40m in India-based logistics start-up Xpressbees through the acquisition of shares from one of the company’s early backers.
Elevation Capital sold a 4% stake to Khazanah at a pre-money valuation of USD 1.2bn, Indian media reported. This was also the valuation when The Blackstone Group, TPG Capital, and ChrysCapital Partners...
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