These are related to metrics such as shipment volumes, Service EBITDA and cost per shipment
The IPO will consist of a fresh issue of shares worth up to Rs 1,285 crore while existing investors will offload shares aggregating to Rs 1,316 crore
Gurgaon-based Delhivery has started overseeing larger warehouses for Swiggy Instamart while Xpressbees is discussing partnerships with key players in the industry
Logistic companies are also launching multiple initiatives to increase the participation of women
Fulfilment centre will create close to 1000 direct and indirect jobs, says company
Logistics services provider Ecom Express on Monday announced that it will onboard over 50,000 delivery partners by September-end under its flagship programme 'Ecom Sanjeev'. The company said it is expecting a spike in e-commerce order deliveries during the festival season and seeks to further strengthen its last-mile capabilities. Under the 'Ecom Sanjeev' programme launched last year, the company has created opportunities for delivery partners such as students, homemakers, freelancers and part-timers, among others, Ecom Express said. "When it comes to e-commerce order deliveries, customers expect timely service. In times when the number of parcels is continuously increasing, owing to industry growth, we have clearly seen the advantage of having gig workers to help strengthen our delivery capabilities, especially to meet the anticipated surge in customer demand during the festive season," said Ashish Sikka, Chief Strategy Officer, Ecom Express. The company, he said, will continue to
SoftBank-backed internet commerce firm aims to become biggest contributor in its space in terms of shipments through 3PL players
Ecom Express has been working to put in place the infrastructure to support the EV roll-out including the charging facility.
Logistics solutions provider Ecom Express on Tuesday said it has invested USD 11 million (about Rs 80.6 crore) in Bangladesh's largest third-party e-commerce logistics (3PL) firm, Paperfly.
E-commerce firms see a large chunk of their business coming in during festive sales and they make significant investments ahead of time to ramp up capacity
The hiring of new employees is driven by unprecedented need to keep the supply chain running for the e-commerce industry and in ensuring safe and timely deliveries
Ecom Express offers express delivery to the e-commerce industry; claims its network reaches 90% of India's population
The fund will work with Ecom Express to transit a proportion of its distribution fleet to electric vehicles
Ecom has recently opened its 1,000th delivery centre in Machilipatnam in Andhra Pradesh and now covers the whole state