Funding round
XpressBees Series D
XpressBees, which works in logistics solutions development in Pune, raised $10M in a Series D round announced on 2 Jan 2020. 1 firm took part, 1 of them already investors. It is XpressBees' first venture round on record.
$10M
Amount raised
Not disclosed
Post-money valuation
1
Investors
no lead named
Valuation
What this round says about the price
XpressBees did not disclose a valuation in this round. It is XpressBees' first venture round on record, 5 years after it was founded in 2015. It is 1.9% of the $540M XpressBees has raised in the venture rounds on record. XpressBees raised again 10 months later: a Series E round of $110M in Nov 2020. Its next priced round, a Series F in Feb 2022, valued it at $1.20B.
XpressBees' funding rounds
XpressBees has 5 venture rounds on record. This one is highlighted.
- Series D this round 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 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
1 firm took part; no lead investor was named.
Investors
- Alibaba Group existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
The closest in time: 2 in Shipping Couriers, then Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Shipping Couriers | 4 May 2020 | $279M | $750M | GeoPost |
| Lalamove Shipping Couriers | 20 Feb 2019 | $300M | $1.00B | Hillhouse and Sequoia Capital |
| Alto Pharmacy Drug Stores & Pharmacies | 30 Jan 2020 | $250M | $700M | SoftBank Vision Fund |
| Dairy Products - Farms & Stores | 16 Jan 2020 | $225M | not disclosed | Qatar Investment Authority |
| Insurance - Agents, Carriers & Brokers | 30 Jan 2020 | $100M | not disclosed | KKR |
| Data Solutions | 13 Jan 2020 | $60M | not disclosed | Georgian |
| Real Estate Investment | 8 Jan 2020 | $50M | not disclosed | SVB Capital |
| Tech Companies | 29 Jan 2020 | $50M | not disclosed | Eminence Capital, LP |
Sources
Where this comes from
Reported by 1 source. 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 Series D round?
XpressBees raised $10M in its Series D round, announced in Jan 2020.
Which investors took part in XpressBees' Series D round?
Alibaba Group.
What was XpressBees' valuation at the Series D round?
It was not disclosed.
Did XpressBees raise again after this round?
Yes: a Series E round in Nov 2020 of $110M.