UK's CDC Group invests $36 mn in Warburg Pincus-backed Ecom Express

Ecom Express offers express delivery to the e-commerce industry; claims its network reaches 90% of India's population

CDC Group, the UK-based development finance institution and impact investor in South Asia and Africa, today announced that it has closed a $36 million equity investment in Warburg Pincus-backed Ecom Express, a fast-growing, tech-enabled logistics company. 

Ecom Express offers express delivery services to the e-commerce industry and claims its network reaches 90 per cent of India’s population, with more than 85 per cent of its presence in Tier-2, 3 and 4 cities and hinterlands. The new investment will help support the development of smaller, harder-to-reach towns as they are brought into the e-commerce fold. 

In addition to network expansion and augmentation, CDC’s