Khazanah Invests In Logistics Company In India, Xpressbees

 

Khazanah Nasional Berhad often invests in various companies and startups. Most recently, Khazanah has already invested in one of the logistics companies in India, which is Xpressbees.

Khazanah made this investment by buying a stake from the company's earliest investors, at a value of $40 million.

Xpressbees was established last 2015, and has over 100 hubs in India, operating in over 5000 major cities in India. Every day, Xpressbees makes over 2 million deliveries to recipients.

Xpressbees is one of the unicorn companies from India, valued at around $1.2 billion. In addition to Khazanah, several other companies also invested in Xpressbees, including Alibaba Group.