Our firm advised Xpressbees in relation to Series G investment from Teachers' Venture Growth, the venture arm of Canada's Ontario Teachers' Pension Plan1 including a secondary component where we also represented certain selling shareholders apart from the Company. This deal marks Ontario Teachers' first investment in India from the TVG platform.

Deal amount: USD 80 million

INDUSLAW Team: Winnie Shekhar (Partner), Shantanu Singh (Principal Associate), Rashi Bharadwaj (Principal Associate), Anu Bhaskaran (Associate), Anukriti Bhattad (Associate) and Shubham Tiwary (Associate).

Footnote

1 https://techcrunch.com/2023/11/06/indian-logistics-unicorn-xpressbees-in-80-million-funding/https://entrackr.com/2023/11/xpressbees-bags-80-mn-from-teachers-venture-growth/

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