Ecom Express, a logistics solutions provider to the e-commerce industry, today announced that an affiliate of private equity firm Warburg Pincus has committed over Rs 850 crore to the company.
Delhi-headquartered Ecom Express was founded in 2012 by a team of four professionals.
The company currently services more than 2,800 pin-codes through more than 320 delivery centers and 8,000 employees in approximately 210 cities, and expects to handle about 50 million packages this year, it said in a statement.
"We are delighted to welcome Warburg Pincus as our partner. The infusion of capital will help us expand our delivery footprint in Tier III, IV towns and rural centers across the country," chief executive officer of Ecom Express TA Krishnan said.
Beside expanding reach, the company said it plans to invest in technology, deploy advanced parcel sortation systems, strengthen network reliability and infrastructure, and build the second level management team.
"These initiatives will help us deliver superior customer experience and build a scalable business," he added.
