Indian start-up Xpressbees raises $80 million from Ontario Teachers' fund
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Indian logistics company Xpressbees has secured $80 million in a recent funding round, led by Ontario Teachers' late-stage venture growth fund. This investment comes as online shopping in India experiences a significant increase. The Canadian pension fund has obtained a stake in the Pune-based start-up, valuing it at approximately $1.4 billion, which is consistent with the valuation from its Series F tranche. With this latest fundraiser, Xpressbees' total funding has reached nearly $680 million.