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[Funding alert] Gurugram startup Ecom Express expands to Bangladesh; invests $11M in Paperfly Through this investment, Gurugram startup Ecom Express will foray into the Bangladesh market, marking its maiden venture outside India. 0 claps $11 million (about Rs 80.6 crore) in Bangladesh's largest third-party ecommerce logistics (3PL) firm Paperfly. Through this investment, Ecom Express is foraying into the Bangladesh market, marking its maiden venture outside India, the startup said in a statement. "With more than 167 million inhabitants and over 90 million internet users, the ecommerce indust...

PE and VCs deployed $47.5 billion in Indian companies while exits hit a five-year low at $6 billion

Indian end-to-end e-commerce logistics solution provider Ecom Express has acquired a majority stake in Bangladeshi home delivery service provider Paperfly, worth around Tk 100 crore. Paperfly aims to utilise the fund to reduce delivery time by 24 hours. Now it takes a maximum of five days. "We want to ensure home delivery service in the country within 48 to 72 hours," Razibul

Logistics solutions provider Ecom Express on Tuesday said it has invested USD 11 million (about Rs 80.6 crore) in Bangladesh's largest third-party e-commerce logistics (3PL) firm, Paperfly. Through this investment, Ecom Express is foraying into the Bangladesh market, marking its maiden venture outside India, a statement said. "With more than 167 million inhabitants and over 90 million internet users, the e-commerce industry in Bangladesh is emerging and has become one of the fastest growing markets in the region. The increasing per-capita disposable income has fueled higher consumption from...

Synopsis Having survived in a tough market, XpressBees is now tightening its belt to expand. From investing in automation to tapping into omnichannel commerce and small sellers to diversifying into segments like B2B express and managed warehousing, the start-up has chalked out a road map to get a bigger share of e-commerce logistics. But there are pitfalls it needs to tackle. This doesn’t happen too often. For start-ups, initial years are conventionally for strengthening the core and taking baby steps towards creating a brand. But Amitava Saha and Supam Maheshwari, co-founders of baby prod...