India already has 8 new unicorns in just 40 days of 2022, latest being logistics startup Xpressbees
- IBEF
- February 11, 2022
India has produced eight unicorns in 40 days of 2022 these include start-ups like Polygon (blockchain), LEAD (edtech), Elasticrun (B2B e-commerce), Fractal (advance analytics), Darwinbox (Hrtech), Dealshare (social commerce), LivSpace (home interior and renovation) and Xpressbees (logistics).
Xpressbees a logistics firm recently become a unicorn with a valuation of US$ 1.2 billion from its new Series F fundraising round the company raised US$ 300 million from private equity firms Blackstone Growth, TPG Growth, and ChrysCapital. Xpressbees was founded in 2015, operates in 3000 cities and distributes over 1.5 million parcels every day. It has about 100 centers all throughout India. The total funds raised by the company were US$ 500 million.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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