Xpressbees, an e-commerce logistics firm, has raised $300M in a Series F funding round that drew participation from Blackstone, ChrysCapital, and TPG Capital, among others.

HOW’S THE COMPANY PERFORMING?

• India-based Xpressbees offers logistics services that cover everything from the collection and storage of goods to their transportation and delivery.
• The company maintains 3K offices and service centers across India, and it processes over 3M packages every day.
• It has reportedly experienced 100% year-over-year revenue growth since its launch.
• Xpressbees has over 1K clients, including Xiaomi, Snapdeal, Paytm, Meesho, Lenskart, and NetMeds.

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The post Indian logistics firm Xpressbees hits $1.2B valuation. Xpressbees competitors include Delhivery, DTDC, Ecom Express, and Ekart Logistics. appeared first on CB Insights Research.