Funding round
XpressBees Growth
Reported as "Growth Equity"
XpressBees, which works in logistics solutions development in Pune, raised $40M in a Growth round announced on 27 Apr 2023, led by Khazanah Nasional, at a $1.20B post-money valuation. 1 firm took part. It is XpressBees' fourth venture round on record; the one before was a Series F in Feb 2022.
$40M
Amount raised
$1.20B
Post-money valuation
$1.16B pre-money
1
Investors
1 lead
1.0x
Step-up from the Series F
$1.20B in Feb 2022
3.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced XpressBees at $1.20B after the new money, 1.0 times the $1.20B of its Series F (Feb 2022). The $40M bought investors about 3.3% of the company. It came 14 months after XpressBees' Series F. It is 7.4% of the $540M XpressBees has raised in the venture rounds on record. XpressBees raised again 7 months later: a Series G round of $80M in Nov 2023, at $1.40B post-money.
XpressBees' funding rounds
XpressBees has 5 venture rounds on record. This one is highlighted.
- Series D 2 Jan 2020 $10M
- Series E 10 Nov 2020, led by Investcorp, Norwest and Gaja Capital $110M
- Series F 9 Feb 2022, led by Blackstone, TPG and ChrysCapital $300M$1.20B post-money
- Growth this round 27 Apr 2023, led by Khazanah Nasional $40M$1.20B post-money
- Series G 7 Nov 2023, led by Ontario Teachers’ Pension Plan $80M$1.40B post-money
Investors
Who put money in
Khazanah Nasional led the round.
Lead investor
- backs 12 venture-backed companies new investor
Comparable rounds
How it compares
The closest in time: Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Canaan Industrial Machinery & Supplies | 18 Apr 2023 | $850M | not disclosed | not named |
| DMI Finance Loans & Financing | 3 Apr 2023 | $400M | not disclosed | MUFG Bank |
| Industrial Machinery & Supplies | 17 Apr 2023 | $384M | not disclosed | AEA Investors |
| Pharmaceutical Products | 20 Apr 2023 | $315M | not disclosed | CBC Group and Mubadala |
| Oil & Gas - Extraction & Distribution | 20 Apr 2023 | $300M | not disclosed | Energy Capital Partners |
| OpenAI Tech Companies | 30 Apr 2023 | $300M | $29.00B | not named |
| Clinics - Surgeons & Physicians | 4 Apr 2023 | $272M | not disclosed | Montana Capital Partners |
| Tech Companies | 17 Apr 2023 | $260M | not disclosed | TELUS Ventures and Maverix Private Equity |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did XpressBees raise in its Growth round?
XpressBees raised $40M in its Growth round, announced in Apr 2023.
Who led XpressBees' Growth round?
Khazanah Nasional led it.
What was XpressBees' valuation at the Growth round?
$1.20B post-money ($1.16B pre-money).
Did XpressBees raise again after this round?
Yes: a Series G round in Nov 2023 of $80M at $1.40B post-money.