Alibaba may invest $100 mn in Indian startup Xpressbees
Chinese e-commerce giant Alibaba is in advanced talks to buy a significant minority stake in Pune-based logistics startup Xpressbees by making an investment of $100 million, according to reports. The deal is likely to close in the next two-three weeks, reports added. Founded in 2015, Xpressbees spun out of maternity product retailer FirstCry. 