Investcorp, the global financial institution specializing in alternative investments, announced yesterday that it has invested in Xpressbees, a comprehensive direct e-commerce logistics platform in India. The investment was made with the participation of a group of local and international investors.
Founded in 2015 by businessman Amitava Saha and Subam Maheshwari, ExpressBase is among the market leaders in e-commerce logistics in India and provides a variety of services including all-stage delivery, real-time tracking, payment collection, and payment processing options. ExpressBase is in the process of transforming itself into a comprehensive supply chain company with Express Cargo, BL3 and Crossborder Logistics.
With a presence in more than 2000 cities in India, ExpressBase has a significant focus force with more than 1,000 customers across several sectors, including e-commerce, pharmaceuticals, FMCG, retail, manufacturing, electronics and consumer durables. The company handles more than 2 million shipments per day through its nationwide network.
Investcorp looks to rapidly growing consumer brands enhanced by technology to meet customer needs. In India, the company invests in mid-market companies across sectors related to consumption across the country. Investcorp targets opportunities across the consumer technology, healthcare, financial services and technology sectors. In addition to ExpressBase, the company has invested in eight companies. The focus is on targeting new entrepreneurs who are scaling up businesses using LVP models.
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