Logistics unicorn Xpressbees bags INR 195 Cr from Avendus Future Leaders Fund II
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Logistics unicorn Xpressbees has secured INR 195 Cr as a secondary investment from Avendus’ fund called Avendus Future Leaders Fund II. The latest development comes after Xpressbees’ parent company Busybees Logistics Solutions reported a 33% growth in its operating revenue and also narrowed its losses by 36% in the financial year 2020-21.