Alibaba-backed XpressBees raises Rs 35 crore from InnoVen Capital

Alibaba-backed XpressBees raises Rs 35 crore from InnoVen Capital
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  • Pune-based logistics company XpressBees has raised Rs 35 crore from venture debt capital firm InnoVen Capital.
  • This comes after Chinese conglomerate Alibaba invested over Rs 225 crore in XpressBees last year.
  • XpressBees was founded by Amitava Saha, Co-founder of FirstCry, and Supam Maheshwari in 2012.
  • Till date, the company has raised close to $56 million in equity.


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