Elevation Capital Sells $40 Million Stake in Xpressbees to Khazanah Nasional
Posted on 05/03/2023
Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, acquired a US$ 40 million stake, or 4% stake, in Mumbai-based third-party logistics provider Xpressbees from Elevation Capital. This acquisition will be made through a secondary purchase from an early investor in the company, Xpressbees said in a release.
Xpressbees touts investors such as Blackstone Growth, TPG Growth (TPG Capital), ChrysCapital, Alibaba Group, Elevation Capital, Investcorp, Norwest Venture Partners, and Gaja Capital among its existing set of investors.
Keywords: Blackstone Group LP.