E-commerce logistics company Ecom Express gets Rs 192 crore delivery
September 12, 2017: Ecom Express has raised Rs 192 crore from existing investor Warburg Pincus.
The investment was made through the private equity firm's unit Eaglebay Investment, according to documents with the registrar of companies, reported The Economic Times.
In 2015, Warburg Pincus had invested Rs 850 crore in the e-commerce logistics major. Ecom Express was founded in 2012 by TA Krishnan, Manju Dhawan, K Satyanarayana and Sanjeev Saxena.
The RoC documents show that a `Supplemental Agreement' was made on September 8 in which 609,524 compulsorily convertible preference shares (Series III CCPS) were issued and allotted by way of preferential allotment to Eaglebay Investment at Rs 3,150 per Series III CCPS for an aggregate subscription amount of Rs 192,00,00,600.