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Issue Date:Mar 15 2017 12:00AM     Price in Rs. R 6500    Price in USD. $ 100
    

ECOM Express is the second largest (after Delhivery) third party or 3PL last mile logistics company for ecommerce in India. It was incorporated around a year (14 months to be precise) after Delhivery, on 27 August 2012. Its growth pattern also lags Delhivery by roughly a year, though ECOM’s performance appears to be slightly better than Delhivery in terms of growth rates, and losses made so far.  

 

The company launched operations in Jan’13. Its focussed more on South India, where it now claims full-state coverage to Tamil Nadu, Telangana, Andhra Pradesh and Karnataka. It also claims strong coverage in North East. Overall it has a team size of over 14000 staff with presence in near 1000 towns and 1200 Delivery Centres. It delivers to 11,000 pin codes across the country.

 

ECOM until now only handled last-mile deliveries; it has recently started fulfilment services, which entails receiving, packaging and shipping products ordered by customers.

 

ECOM is backed by leading global PE investor Warburg Pincus, which invested Rs 2.8B (~$44m) in Jun’15.  According to media reports, ECOM is now in the market to raise $150m, of which half is likely to be contributed by Warburg.

 

The company reported revenue of Rs 3.4B in FY16, a growth of 133% over FY15. This was also around two-thirds of Delhivery revenues. EBITDA margin was -33% for FY16. Cumulative loss till FY16 was Rs 1.6B.

  • Company Background
  • Business Highlights
  • Financial Performance
  • Financial Details

 

  • Board of Directors
  • Financial Summary
  • Profit & Loss Account
  • Balance Sheet
  • Ratios

 

  • ECOM Express Private Limited