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CDC Group pumps in $36 mn in Indian logistics firm Ecom Express

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Logistics Update Africa
CDC Group pumps in $36 mn in Indian logistics firm Ecom Express

December 12, 2019: CDC Group, the UK’s development finance institution and impact investor in South Asia and Africa, has announced that it has closed a $36 million equity investment in Warburg Pincus-backed Ecom Express, one of the fastest-growing tech-enabled end-to-end Indian logistics company.

Ecom Express is renowned for its speed, safe and reliable nation-wide express delivery services for the e-commerce industry.

We are dedicated to responsibly investing our capital in India, with over $1.7bn currently committed to local businesses.

We have the same amount again to invest over the next few years and look forward to working with many more businesses that are as environmentally and socially conscious as Ecom Express."

This will be complemented by a distinct focus on increasing the number of employed women in the workforce, bringing further diversity.

T A Krishnan, co-founder and CEO of Ecom Express said, “We are truly delighted to welcome CDC as our partner.

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