Xpressbees becomes a unicorn, raises $300 million in funding

Xpressbees has raised USD 300 million (about Rs 2,250 crore) in a Series-F funding.  

New Delhi: Logistics firm Xpressbees on Wednesday said it has raised USD 300 million (about Rs 2,250 crore) in a Series-F funding round led by Blackstone Growth, TPG Growth and ChrysCapital.

The capital raised will be used for product development, talent acquisition and the next phase of growth, it added.

With this round, the total amount of funds raised by Xpressbees exceeds USD 500-million, the company said in a statement.