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Alibaba-backed logistics startup Xpressbees raises ₹35 crore
short by Kanishka Pandey / on Wednesday, 20 February, 2019
Alibaba-backed e-commerce logistics startup Xpressbees has raised around ₹35 crore from Temasek-backed debt lending firm InnoVen Capital. The Pune-based logistics provider had last raised over ₹220 crore from Alibaba in January 2018. Founded by Amitava Saha and Supam Maheshwari as the logistics arm of baby products startup FirstCry, Xpressbees was relaunched as a separate entity in 2015.
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