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Logistics start-up Xpressbees said on Wednesday it has raised $300 million in a funding round led by private equity funds Blackstone Growth, TPG Growth and ChrysCapital. The company is now a unicorn after the round valued it at $1.2 billion.
The Series F fundraise included a primary capital infusion of $100 million and a secondary share sale worth $200 million. Early investors Elevation Capital and Alibaba booked a partial exit in the share sale; Chinese asset management company CDH Investments made a complete exit.
Existing investors, Investcorp and Norwest Venture Partners, also participated in the Series F round. With this
