Delhi-based Ecom Express raises over $16.5 million from Peepul Capital
Hotline: 1800 102 2007
X
Search Business Opportunities
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 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
  • Partner with Cafe Frespresso and be part of India’s fastest..
    Locations looking for expansion Gujarat
    Establishment year 2010
    Franchising Launch Date 2010
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater vapi Gujarat
  • Real Estate
    About Us: Co-offiz is an office for all young professionals, start-ups,..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Courier & Delivery
    About Us: Shop India Teleshopping: is one of the largest Direct Response..
    Locations looking for expansion Madhya Pradesh
    Establishment year 2013
    Franchising Launch Date 2013
    Investment size Rs. 2lac - 5lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya Pradesh
  • Automobile Accessories
    Protect Your Car/Bike tyres's from Punctures Install Puncture Lock! About Us: Founded..
    Locations looking for expansion Uttar pradesh
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 10000 - 50 K
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Ghaziabad Uttar pradesh
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
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