IndusLaw has advised Indian end-to-end logistics services provider Xpressbees on a $300 million fundraising round, with Cyril Amarchand Mangaldas, Shardul Amarchand Mangaldas & Co, Anagram Partners, AZB & Partners and Trilegal advising various investors.

Set up in 2015, Xpressbees has been rapidly growing as demand for goods delivery has risen amid the COVID-19 pandemic. It now has a network of more than 2,700 service centers and 450 e-commerce customers.

The IndusLaw team was led by partner Winnie Shekhar. Other partners involved in the transaction included:

Cyril Amarchand Mangaldas (representing Blackstone) - S Harish

Shardul Amarchand Mangaldas & Co (representing ChrysCapital and NVP) - Karun Prakash and Manita Doshi

Anagram Partners (representing Investcorp) - Simone Reis

AZB & Partners (representing TPG) - Roxanne Anderson