Total amount raised
$525.8 Million
Latest funding date
6/1/2023
Location
Ecom Express has successfully navigated through 8 funding rounds, with notable investors such as British International Investment and Partners Group backing the company. The latest funding round is categorized as "Venture - Series Unknown," reflecting the company's ongoing efforts to secure financial support for its logistics and supply chain services.
In collaboration with Delhivery, Ecom Express offers a comprehensive suite of logistics services, including express parcel delivery, part truckload, warehousing, full truckload, software solutions, and cross-border shipping. Keep reading to explore the intricacies of Ecom Express's fundraising journey and the investors backing this innovative platform.
What Is Ecom Express?
Ecom Express, headquartered in Haryana, India, is a prominent player in the logistics and supply chain industry. The company offers a range of services, including pickup, processing, network operation, and last-mile delivery. With a workforce exceeding 10,001 employees, Ecom Express has established itself as a significant entity in the logistics sector.
Recently acquired by Delhivery, Ecom Express continues to operate as a private entity, enhancing its service offerings through this strategic partnership. The company is known for its comprehensive logistics solutions, catering to both businesses and consumers across India.
How Much Funding Has Ecom Express Raised?
- Funding Round: Series Unknown
- Amount Raised: USD 1,400,000
- Date: June 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional capital for operational expansion and technological advancements.
- Funding Round: Series Unknown
- Amount Raised: USD 39,000,000
- Date: October 2022
- Lead Investors: Partners Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and growth amid challenging market conditions.
- Funding Round: Series Unknown
- Amount Raised: USD 20,000,000
- Date: March 2021
- Lead Investors: British International Investment
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance logistics capabilities and expand market reach.
- Funding Round: Private Equity
- Amount Raised: USD 250,000,000
- Date: December 2020
- Lead Investors: Partners Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and invest in new technologies.
- Funding Round: Series Unknown
- Amount Raised: USD 36,000,000
- Date: December 2019
- Lead Investors: British International Investment
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand service offerings and improve infrastructure.
- Funding Round: Private Equity
- Amount Raised: INR 1,920,000,000
- Date: September 2017
- Lead Investors: Warburg Pincus
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen market position and enhance logistics network.
- Funding Round: Private Equity
- Amount Raised: INR 8,500,000,000
- Date: June 2015
- Lead Investors: Warburg Pincus
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operational capacity and enter new markets.
- Funding Round: Series Unknown
- Amount Raised: INR 1,000,000,000
- Date: September 2014
- Lead Investors: Peepul Capital LLC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a robust logistics network and improve service quality.
Total Amount Raised: USD 382,400,000
Current Valuation: Not publicly disclosed
Key Investors
- British International Investment
- Details: Formerly known as CDC Group, British International Investment focuses on investments in emerging markets to support economic development. It is the UK's development finance institution.
- Investment Focus Areas: Infrastructure, financial services, healthcare
- Notable Investments: M-KOPA, Liquid Telecom, Globeleq
- Partners Group
- Details: Partners Group is a global private markets investment manager. It invests in private equity, private real estate, private infrastructure, and private debt.
- Investment Focus Areas: Private equity, private real estate, private infrastructure, private debt
- Notable Investments: GlobalLogic, Techem, Fermaca
- Warburg Pincus
- Details: Warburg Pincus is a global private equity firm with a focus on growth investing. It has a significant presence in various sectors worldwide.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Airtel, Bharti Televentures, Dainik Bhaskar
- Peepul Capital LLC
- Details: Peepul Capital LLC is a private equity firm that invests in mid-market companies. It focuses on growth and value creation.
- Investment Focus Areas: Technology, healthcare, consumer services
- Notable Investments: Not publicly disclosed
What's Next for Ecom Express?
As Ecom Express looks to the future, the company is poised to capitalize on the burgeoning Indian retail market, which is expected to reach $145 billion by FY26. The increasing demand from smaller towns and the rise of direct-to-consumer brands present significant growth opportunities. These factors could drive Ecom Express to explore further fundraising avenues, potentially resuming its IPO plans or engaging in strategic partnerships and acquisitions.
However, the path forward is not without challenges. The company faces intense competition from other logistics firms like Delhivery and Xpressbees, and must navigate market volatility that has already impacted its IPO plans. Despite these hurdles, the continued interest from existing investors and potential acquisition talks with major players like Amazon suggest a promising, albeit challenging, road ahead for Ecom Express.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Ecom Express and gather other critical business insights. Sign up for free to start transforming your sales strategy today.
