Warburg Pincus plans to invest $133m in Ecom Express
Warburg Pincus plans to invest $133 million in Ecom Express, a logistics solutions provider to Indian ecommerce companies. Founded in 2012, Ecom provides logistics services to Indian ecommerce companies and aims to handle an estimated 50 million packages this year.
Ecom Express CEO TA Krishnan said: “The infusion of capital will help us expand our delivery footprint in tier III, IV towns and rural centers across the country.
“Besides expanding reach, the company plans to invest in technology, deploy advanced parcel sorting systems, strengthen network reliability and infrastructure and build the second level management team.”
Apart from expanding its services to additional cities, the company also plans to invest in advanced parcel classification systems, and enhancing network reliability and infrastructure.
Warburg Pincus India managing director Viraj Sawhney said: “There is a significant need for logistics capacity in India to serve the requirements of the ecommerce industry, and businesses are seeking reliable service providers who can scale up with them.”