<ul><li>Xpressbees has raised $40 million from Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, through a secondary purchase from an early investor.</li><li>The new investment values Xpressbees at $1.2 billion pre-money.</li><li>This is the second time that Elevation Capital has sold a stake in Xpressbees, having sold 4% to Khazanah.</li><li>Xpressbees is an e-commerce focused end-to-end supply chain solutions provider, serving over 20,000 pin codes in India and delivering over 2 million packages per day.</li></ul>

Xpressbees raises $40 million from Khazanah Nasional Berhad

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