Xpressbees raises $80mn from Teachers’ Venture Growth

The investment will help drive further growth for the Xpressbees platform and support the company’s management team with their future plans. This marks Ontario Teachers’ Pension Plan's first investment in India from the TVG platform.

We are elated to partner with the TVG team who bring rich experience and a vast global network which will help as we scale our end-to-end platform to cater to the next level: Amitava Saha, Xpressbees

Led by a strong team, Xpressbees has established a highly scalable and efficient asset-light model with proven execution capabilities. We are delighted to partner with Amitava and the Xpressbees team in executing their vision to build an industry-leading business: Deepak Dara, Ontario Teachers’ Pension Plan

Xpressbees is present across over 5,000 cities and towns, serving over 20,000 pin codes, and delivers over 1.5 million packages per day. Xpressbees now has over 100 hubs across India, more than three million sq. ft. of warehouse capacity, and operates across 52 airports in the country.

India is a critical market for our TVG Asia strategy where we look to lead or co-lead rounds, and Xpressbees is a culmination of one such proprietary opportunity. We are excited to partner with Amitava and leverage our global network and playbook to drive long-term value creation for the business: Kelvin Yu, Teachers’ Venture Growth.

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