Top deals of Nov 2-9: Logistics unicorn XpressBees raises $83 million

Logistics unicorn XpressBees has raised Series G funding of $83 million from Teachers' Venture Growth (TVG), the late-stage investment arm of  the the Ontario Teachers’ Pension Plan (OTPP). The Pune-based startup, which claims to be India's fastest growing B2B, B2C, cross border, and 3PL logistic service provider, will use the fresh capital to drive growth.

Mumbai-based InCred Holdings, the holding company of InCred Financial Services, has Series D funding of $60.02 million from undisclosed investors. The fintech unicorn will deploy the fresh funds across business verticals such as consumer loans, student loans, and MSME lending.

Quick commerce unicorn Zepto raised $31.25 million in a Series E funding round Goodwater Capital, Nexus Venture Partners, Oliver, Lish Jung and Mangum II. The Mumbai-based startup delivers online groceries, fruits, vegetables, personal care, electronics and other items.

Electric three-wheeler manufacturer Euler Motors raised $14.42 million in a Series C funding round from British International Investment (CDC Group), Green Frontier Capital, Athera Venture Partners (Inventus India), ADB Ventures, Blume Ventures, Alteria Capital, GIC Singapore and Havells Family Office. The Delhi-based startup will use the funds to enter 40 cities by the end of FY24.

Cybersecurity startup Sequretek secured $8 million in Series A funding from Omidyar Network, Narotam Sekhsaria Family Office and Alteria Capital. It will use the funds to scale its global operations and for go-to-market strategies. It also plans to increase market share and profitability in the small and medium businesses (SMB) segment.