2014-09-10

Delhi-based Ecom Express raises over $16.5 million from Peepul Capital

The startup was founded in 2012 by the four veterans of the Express Industry of IndiaKrishnan, K Satyanarayana, Manju Dhawan and Sanjeev Saxena.

Delhi-based Ecom Express raises over $16.5 million from Peepul Capital

Delhi-based e-commerce logistics solutions provide, Ecom Express Pvt Ltd, has raised more than Rs 100 crore ($16.5 million) from Peepul Capital, as reported by VCCircle.



“The infusion (of this capital) will go towards strengthening our current reach, expanding operations, investing in technology and automation, attracting key talent and building a healthy flow in working capital,” said TA Krishnan, co-founder and CEO, Ecom Express.



The startup was founded in 2012 by the four veterans of the Express Industry of IndiaKrishnan, K Satyanarayana, Manju Dhawan and Sanjeev Saxena. Ecom Express was started in January 2013 with operations in 35 towns and 42 distribution centres in North India with around 250 employees on board.



Today, the firm employs 3,000 people and has presence in over 100 towns and 190 distribution centres across the country. It now plans to expand to more than 800 locations in five years.



“There is a tremendous opportunity for a dedicated logistics player who can understand and play an enabling role for the e-commerce industry. Ecom Express is strongly positioned to leverage this opportunity given their track record and the experienced leadership team behind the company,” said Srini Vudayagiri, Investment Director, Peepul Capital Advisors told VC Circle.

Related opportunities
  • Others Food Service
    About We all love delicious ice cream that we can eat..
    Locations looking for expansion Haryana
    Establishment year 2023
    Franchising Launch Date 2023
    Investment size Rs. 10lakh - 20lakh
    Space required 70
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Movies (Multiplex)
    Open a cinema in your own locality in collaboration with..
    Locations looking for expansion Haryana
    Establishment year 2023
    Franchising Launch Date 2023
    Investment size Rs. 30lakh - 50lakh
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Welcome to Trip Factory, your trusted partner in unforgettable travel..
    Locations looking for expansion Delhi
    Establishment year 2006
    Franchising Launch Date 2006
    Investment size Rs. 10000 - 50000
    Space required 350
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Precious Jewellery
    Ms. Farah Khan Ali is a renowned jewellery designer from..
    Locations looking for expansion Maharashtra
    Establishment year 2023
    Franchising Launch Date 2023
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads