Ecom Express receives $20m CDC follow-on investment

CDC Group, the UK Government’s development finance institution and impact investor, has closed a $20 million investment round in Ecom Express, a tech-enabled end-to-end logistics solutions provider to the Indian e-commerce industry. This will be CDC’s second round of investment in Ecom Express after its initial investment in December 2019.

CDC’s latest commitment will support Ecom Express in advancing the company’s sustainable development and impact agenda of enhancing skills and boosting job creation. Additionally, Ecom Express will use the funds for strategic initiatives such as growth driven capital expenditure, working capital requirements, new business initiatives, expansions, and potential strategic acquisitions/partnerships