Total amount raised
$525.8 Millions
Latest funding date
6/1/2023
Location
Ecom Express has successfully raised significant funding across multiple rounds, attracting notable investors such as British International Investment and Partners Group. The company offers a range of logistics solutions tailored to the e-commerce industry in India.
Keep reading to explore the intricacies of Ecom Express's fundraising journey and the investors backing this innovative logistics provider.
What Is Ecom Express?
Ecom Express, founded in January 2012, is headquartered in New Delhi, India. The company was established by K. Satyanarayana, Manju Dhawan, Sanjeev Saxena, and T. A. Krishnan.
Specializing in e-commerce logistics, Ecom Express offers a range of services including first-mile pickup, processing, network operation, last-mile delivery, and reverse logistics. They also provide storage and fulfillment solutions, order and warehouse management SaaS, and various delivery services like same-day and next-day delivery.
With over 10,001 employees, Ecom Express operates in more than 2,650 towns across 27,000+ pin codes in India, covering over 95% of the country's population.
How Much Funding Has Ecom Express Raised?
- Amount Raised: ₹1B (approx. $13.5M)
- Date: September 2014
- Lead Investors: Peepul Capital LLC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand logistics network and enhance service capabilities.
- Amount Raised: ₹8.5B (approx. $115M)
- Date: June 2015
- Lead Investors: Warburg Pincus
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve technology infrastructure.
- Amount Raised: ₹1.9B (approx. $27M)
- Date: September 2017
- Lead Investors: Warburg Pincus
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business growth and market expansion.
- Amount Raised: $36M
- Date: December 2019
- Lead Investors: British International Investment
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance delivery services and expand reach.
- Amount Raised: $250M
- Date: December 2020
- Lead Investors: Partners Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and invest in technology.
- Amount Raised: $20M
- Date: March 2021
- Lead Investors: British International Investment
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expansion and service enhancement.
- Amount Raised: $39M
- Date: October 2022
- Lead Investors: Partners Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure capital amidst IPO delays and market volatility.
- Amount Raised: $1.4M
- Date: June 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To maintain operational stability and support ongoing projects.
Total Amount Raised: $502.9M. Current Valuation: Not publicly disclosed.
Key Investors
- Warburg Pincus
- Details: Warburg Pincus is a global private equity firm focused on growth investing. They have a long history of partnering with management teams to build durable companies.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Bharti Airtel, Dainik Bhaskar, ICICI Lombard
- Partners Group
- Details: Partners Group is a global private markets investment manager. They invest in private equity, private real estate, private infrastructure, and private debt.
- Investment Focus Areas: Private equity, real estate, infrastructure
- Notable Investments: GlobalLogic, Techem, Fermaca
- British International Investment
- Details: British International Investment, formerly known as CDC Group, is the UK's development finance institution. They focus on supporting economic development in Africa and South Asia.
- Investment Focus Areas: Infrastructure, financial services, manufacturing
- Notable Investments: Globeleq, M-KOPA, Greenlight Planet
- Peepul Capital LLC
- Details: Peepul Capital LLC is a private equity firm focused on growth-stage investments. They partner with companies to drive growth and operational improvements.
- Investment Focus Areas: Technology, healthcare, consumer sectors
- Notable Investments: Not publicly disclosed
What's Next for Ecom Express?
As Ecom Express navigates the evolving landscape of ecommerce logistics, the company stands poised to capitalize on the burgeoning demand from smaller towns and direct-to-consumer brands. The Indian retail market is projected to reach $145 billion by FY26, with about 15 million daily shipments, presenting a significant growth opportunity.
Future fundraising efforts may see Ecom Express turning to existing investors or exploring strategic partnerships, such as the potential deal with Amazon. However, the company faces challenges, including intense competition from firms like Delhivery and Xpressbees, and macroeconomic headwinds that could impact funding and IPO plans.
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