End-to-end logistics solution provider Ecom Express has bagged a whopping Rs 192 crore funding in a new round from its existing investor Warburg Pincus. “We have been aggressive on our growth plans and intend to achieve our strategic goal of extending full state coverage to 23 states and cover 80…
Tag: Ecom Express
Ecom Express | Committing express delivery straight to your doorsteps
The e-Commerce drive has taken over the shopping space. The only setback is the slow delivery system which often kills the excitement of the new purchase. To pick on this lingering, Ecom Express is build-up on the idea of establishing a dedicated logistics solutions provider to take care of the d…
Venture capital funding of logistics start-ups dips 68%
Hyperlocal logistics start-ups, the backbone for any e-commerce company, had a bumpy ride in 2016 in terms of fund raising and it does not seem to be getting any better. Venture capital funding into logistics start-ups has drastically declined by 68% to $124.61 million in 2016 compared to the pre…
PepperTap to focus on Logistics business
Hyperlocal delivery startup PepperTap is closing grocery delivery operations in the next one month. The startup will instead pivot and focus on building a logistics company to compete with startups including Delhivery, Flipkart’s ekart division and go Javas head on, multiple sources told ET…