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News

Xpressbees raises

$80mn from Teachers’

Venture Growth

pressbees announced an the TVG platform. TVG joins a
Xinvestment of $80 million set of investors in Xpressbees
by Teachers’ Venture Growth including Blackstone Growth,
(TVG), the late-stage venture TPG Growth, ChrysCapital,
and growth investment arm Khazanah Nasional Berhad,
of the C$249 billion Ontario Alibaba Group, Elevation Capital,
Teachers’ Pension Plan. Investcorp, Norwest Venture
The investment will help Partners and Gaja Capital.
drive further growth for the Xpressbees entered the unicorn
Xpressbees platform and support club after it raised $300 million
the company’s management in a Series F funding round led
team with their future plans. by Blackstone Growth, TPG
This marks Ontario Teachers’ Growth and ChrysCapital in
first investment in India from February 2022.

BLR Logistiks acquires Delhivery, BlueDart, Ecom
majority stake in Standard for reach, Shadowfax,

Multimodal Logistics Xpressbess for low-cost

he 3PL logistics services throughout India. The company's
Tprovider BLR Logistiks primary objective is to provide
announced its acquisition of Door to Door Container Coastal,
Standard Multimodal Logistics. Container Rail, and Container
With this move BLR intends to Cabotage inventory as alternatives
optimize its routes and expand its to long-distance trucking in cost-
trailer fleet at various ports while efficient trade lanes. elhivery and BlueDart are the most
deploying its recently purchased Ashok Goyal, managing Dpreferred partner for Direct-to-
inventory of 40’HC containers across director, BLR Logistiks, said, “We Consumer (D2C) brands looking for
multiple cabotage trade routes, are delighted to welcome Standard reliable delivery, while it is Shadowfax
starting with Mundra to North India Multimodal Logistics to the BLR and Xpressbees for low-cost solutions
trade lanes. Originally founded as a family. BLR Logistiks has a long- and E-com Express for wider reach as
coastal service provider, Standard standing reputation for being an revealed in a recent industry report by
Multimodal Logistics has rapidly employee-centric organization, Redseer Strategy Consultant.
evolved into a comprehensive end- prioritizing the welfare and The reports reads, “Shadowfax and
to-end Multimodal & Intermodal growth of its employees. This Xpresbess are used by brands where low-
solution provider, boasting an commitment also extends to cost shipping is a primary criteria, with
operational capability across the newly acquired Standard Shadowfax’s reach being more metro
14 ports and 28 ICD/Terminals Multimodal Logistics team.”
focused. Delhivery and BlueDart are
preferred by brands looking for superior
tech, quick and reliable delivery across
more pin codes while E-com Express is
known for wider reach with a larger focus
on tier 2+ cities.”
Redseer has created the report with
inputs from 60+ emerging new-age D2C
brands in India. The report decodes the
expectations that these D2C brands have
from 3PL partners.

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