Ecom Express, a leading logistics solutions provider to the Indian e-commerce industry, has got over ₹850 crore investment from an affiliate of leading global private equity player Warburg Pincus.
Headquartered in Delhi and founded by a team of four logistics and distribution industry professionals, Ecom Express will use the money to increase its delivery footprint in Tier III and IV towns and rural centres. Besides, the company plans to invest in technology, deploy advanced parcel sorting systems, strengthen network reliability and infrastructure and build the second level management team.
Ecom Express now services more than 2,800 pincodes through more than 320 delivery centres and 8,000 employees in about 210 cities. It expects to handle about 50 million packages a year.
With the e-commerce industry in India set to grow, there is a greater need for reliable logistics capacity.
Ecom Express had raised ₹100 crore in August-September 2014 from Peepul Capital.
With the latest round of funding, Ecom Express, which counts almost all the major e-commerce players as its clients, hopes to have a pan-India footprint at the earliest. It will move into small towns where other logistics providers are not present.