Overview of the Company
(i) Ecom Express Private Limited is a leading end-to-end technology-enabled logistics solutions provider to the Indian e-commerce industry. The Company is primarily providing courier services to its customers on the digital platforms by delivering their shipments to end consignees within India.
Headquartered in New Delhi, Ecom Express was incorporated in 2012 by T.A. Krishnan, Manju Dhawan, K. Satyanarayana and Sanjeev Saxena with their 100+ years of cumulative experience in the Indian logistics and distribution industry.
T.A Krishnan has over 25 years of experience in the courier and express delivery services and has spent much of his working life at Blue Dart (now owned by DHL).
(ii) We have seen in the last 10 years how E-commerce companies like Flipkart, Amazon, Mintra, etc. have flourished. The backbone of such companies is to provide delivery of parcels, ordered online from these portals, to the doorstep of clients in the fastest time possible, to the remotest places of the country. In the field of providing such delivery service capability, scalability, and customization, E-com Express has emerged as one of the biggest players. It works on the B2B business model. It provides logistic service directly to the company only.
(iii) Ecom Express has its presence in all 29 states of the country and operates in over 2400 towns across 25,000+ PIN-codes in India.
Clients of the Company
1. Amazon
2. Clovia
3. Flipkart
4. Fashion and You
5. HomeShop18.com
Funding in Ecom Express
To date, they have raised close to 11.4 Billion( Rs. 1140 Crores ) in three rounds, as per data collected from Crunchbase. The funding has been done in the years 2015,2016 and 2017.
Valuation
In the last funding round in the year 2017, Ecom Express has raised Rs.195 Crores from Warburg Pincus’ Eaglebay Investment unit. In this deal, the Ecom Express has issued 6 lakh Preference shares at Rs. 3150 per share, as per data collected from VCC Circle.
Rivals or Peers
The company’s rival in the logistics segment, are Delhivery Pvt. Ltd, TrucksFirst Services Pvt. Ltd, which operates Rivigo, and Blackbuck.
Corporate Video
| Total Available Shares: | Not Available |
| Face Value: | ₹ 10 Per Equity Share |
| Year | Revenue | Other Income | cost of material | Employee Expense | Finance Cost | PAT |
| 2017 | 480 | 12 | 262 | 185 | 0.83 | -72 |
| 2018 | 566 | 11.5 | 313 | 202 | 3.26 | -71 |
| 2019 | 1005 | 12.59 | 512 | 281 | 2.93 | 31 |
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828, Sector 2B, Vasundhara, Ghaziabad, Uttar Pradesh, India 201012
Market Wizard
Warburg Pincus invested Rs 850 crores in Ecom Express in 2015.( 1st Round of Funding )
Ecom Express, one of the leading logistics solutions providers to the Indian e-commerce industry, in 2015 has raised 850 Crores from an affiliate of Warburg Pincus, a leading global private equity firm focused on growth investing.
The infusion of capital will help the company expand its 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.
Warburg Pincus
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. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 14 private equity funds which have invested more than US$50 billion in over 720 companies in more than 35 countries.
Market Wizard
Rishi Sareen of Ecom Express amongst India’s most influential CIOs by CIO Power List 2017:
https://ecomexpress.in/rishi-sareen-of-ecom-express-amongst-indias-most-influential-cios-by-cio-power-list-2017/