enarhyazzh-CNzh-TWcsdanlettlfifrkadeelhihuisiditjakolvmsnofaplptruskslessvthtrukviyi

.........-----

translate arrow

Nor Lines adds Rotterdam to LNG-powered Norway service
ROTTERDAM: April 22, 2018. Nor Lines, a subsidiary...

Read more

AAL adds to its European agency network
SINGAPORE: April 19, 2018. Breakbulk and project c...

Read more

DFDS to acquire Turkey's U.N. Ro-Ro
COPENHAGEN: April 18, 2018. European short-sea RoR...

Read more

Etihad Cargo supports bustard relocation
ABU DHABI: April 18, 2018. In the past three years...

Read more

New CMA CGM rail link between UK and China
LONDON GATEWAY: April 18, 2018. GB Railfreight, ow...

Read more

Dutch add more short-sea capacity to London
LONDON: April 18, 2018. Dutch-based A2B-online Con...

Read more

Saudia Cargo gets new CEO
JEDDAH, Kingdom of Saudi Arabia: April 17, 2018. F...

Read more

Turkish Cargo to introduce new routes
ISTANBUL: April 17, 2018. Turkish Cargo is to begi...

Read more

West Atlantic to operate Boeing's first converted 737-800...
Nor Lines adds Rotterdam to LNG-powered Norway service...
AAL adds to its European agency network
DFDS to acquire Turkey's U.N. Ro-Ro
Etihad Cargo supports bustard relocation
New CMA CGM rail link between UK and...
Dutch add more short-sea capacity to London
Saudia Cargo gets new CEO
Turkish Cargo to introduce new routes

Latest News

Airbus Mobile AL
20 Apr, 2018

Port of Mobile signs for new US$60 million RoRo auto terminal

in ports
MOBILE, AL: April 18, 2018. The Port of Mobile is to open a new vehicle processing RoRo…
Arthur Welter
20 Apr, 2018

Luxembourg adopts cross-border electronic consignment document

in Road
LUXEMBOURG, GD: April 20, 2018. Luxembourg and the Netherlands have followed Spain and…
CEVA Logistics
20 Apr, 2018

CEVA Logistics announces IPO and planned stake by CMA CGM

in Latest News
MARSEILLE: April 20, 2018. CMA CGM is planning to buy CEVA Logistics securities at a cost…
Lekki port CMA CGM
17 Apr, 2018

Nigeria’s first deep-sea port to open in 2020

in ports
LEKKI PORT, Nigeria: April 16, 2018. CMA CGM and Lekki Port LFTZ Enterprise have signed…
Rift Valley Railways
17 Apr, 2018

World Bank sanctions African Railways Logistics

in Rail
WASHINGTON, April 16, 2018. The World Bank Group has barred Africa Railways Logistics…
HyperloopTT Tube2
16 Apr, 2018

Hyperloop technology takes another high-speed step

in Latest News
TOULOUSE: April 16, 2018. HyperloopTT has taken delivery of full-scale passenger and…
ZIPLINE drone
13 Apr, 2018

First drone delivery network for medicines set to expand

in Humanitarian
ATLANTA: April 13, 2018. The UPS Foundation has awarded grants and in-kind support of…
Charleston harbor
13 Apr, 2018

BMW helps Port of Charleston achieve March record

in Ocean
CHARLESTON, SC: April 11, 2018. The South Carolina Ports Authority (SCPA) reports an…
IRI World Congress
12 Apr, 2018

European road transport operators want technology to replace paper

in Road
AMSTERDAM: April 12, 2018. A survey of European road haulage operators by the world…

PRESS RELEASE

June 03, 2015: Ecom Express, one of the leading logistics solutions providers to the Indian e- commerce industry, today announced that an affiliate of Warburg Pincus, a leading global private equity firm focused on growth investing, has committed over Rs 850 crore (more than USD 130 million) to the company.

Ecom Express, headquartered in Delhi, was founded in 2012 by a team of four professionals with several decades of cumulative experience in the Indian logistics and distribution industry. Led by T.A. Krishnan, Ecom Express has grown rapidly to become a leading player in the e-commerce logistics space in less than three years since its inception.

The company currently services more than 2,800 pin-codes through more than 320 delivery centers and 8,000 employees in approximately 210 cities, and expects to handle about 50 million packages this year. Ecom Express has established a goal to service over 10,000 pincodes covering more than 1,500 towns and cities over the next few years.

Mr. Krishnan, Chief Executive Officer of Ecom Express said, "We are delighted to welcome Warburg Pincus as our partner. The infusion of capital will help us expand our delivery footprint in Tier III, IV towns and rural centers across the country.

Besides expanding reach, the company plans to invest in technology, deploy advanced parcel sortation systems, strengthen network reliability and infrastructure, and finally, build the second level management team. These initiatives will help us deliver superior customer experience and build a scalable business. We look forward to leveraging Warburg Pincus' domain expertise in logistics and the firm's global network of relationships."

Commenting on the transaction, Mr. Viraj Sawhney, Managing Director of Warburg Pincus India Pvt Ltd said, "There is a significant need for logistics capacity in India to serve the requirements of the e- commerce industry, and businesses are seeking reliable service providers who can scale up with them. We are excited to partner with a highly-regarded management team with deep domain expertise, in a sector with significant growth potential. We look forward to supporting the management of Ecom Express and building on their success."

Warburg Pincus is a leading global private equity firm focused on growth investing. The firm has more than US$35 billion in assets under management. Its active portfolio of more than 120 companies is highly diversified by stage, sector and geography.

Corporate News

digital-magtwitter-fw1utube-fw2loinked-fw3

- powered by Quickchilli.com -