E-commerce logistics company Ecom Express announced raising Rs 100 crore in funds from Peepul Capital. The company said it will use the funds to grow its distribution capabilities to reach over 800 locations over the next two years and employ around 10,000 employees in the next five. It also said it would focus its expansions across locations in North, South and West India while expanding its distributional capabilities in East and North East of the country.
Ecom currently offers logistics services primarily to e-commerce ventures, including prepaid services for when shipment is paid for, cash on delivery services where it collects money when delivering products, cash before delivery services where it collects money first then dispatches the product, dropship services when it collects shipments on behalf of the shipper and reverse logistics services where it returns a delivered shipment back to the shipper.
The company also offers various value added services to its clients such as same day delivery, delivery outside municipal limits, Sunday pickup/delivery, holiday pickup/delivery, personalised delivery with customer branded uniform and customer branded offices for shipment processing. It currently has a partnership with Kartrocket to dispatch e commerce shipments for its clients.
Ecom Express launched in January 2013 and had secured angel funding in a round led by Oliphans Capital last year. The company currently claims to have 10 processing centres in Delhi-NCR, Bangalore, Chennai, Hyderabad, Ahmedabad, Kolkata and Pune, over 190 distribution centres across the country and a presence in over 100 towns. It also claims to have delivered close to 5 million packages last year alone.
– The same month, mail and logistics group Deutsche Post DHL (DPDHL) chose India to pilot its e-commerce logistics business model for Asia-Pacific and will run the program through its subsidiary Blue Dart Express.
– In November 2013, courier and logistics company DTDC launched an e-commerce marketplace focused on Indians who want to send gifts to people living abroad. In March the same year, it had launched a logistics solution for e-commerce retailers called DotZot.