August 8, 2022
Alibaba has invested $10 million into XpressBees, an eCommerce logistics company based totally in Pune,

Alibaba has invested $10 million into XpressBees, an eCommerce logistics company based totally in Pune, India.

XpressBees was once based in 2015 through Supam Maheshwari and Amitava Saha, who’re additionally founders of eCommerce website online FirstCry, a child product vendor subsidized through SoftBank. The corporate provides full-blown logistics answers and is adept at cross-border warehousing and transportation.

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In keeping with Paper.vc, Alibaba’s funding is prone to come as an extension to the former $35 million it injected into XpressBees within the corporate’s Collection D spherical in 2017 and was once expected to $100 million.

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