Express logistics player INSTANT-XP attracts $35-M from Multiples PE

Multiples PE has acquired an over 30% stake in Gurugram-headquartered INSTANT-XP , a B2B (business-to-business) express logistics provider, for USD 35 million.INSTANT-XP, founded by brothers Rajbir Singh and Jasveer Singh, leverages technology to streamline services for customers, consignors, truckers, and drivers. The company provides Full Container Load (FCL) and Less than Container Load (LCL) services and claims to have more than 500 clients, generating revenues of over INR 700 crore.