eCourier Secured New Round Of Investment Valuing The Company At BDT 300 Crores
The e-commerce-based logistics firm- eCourier has announced recently that it has closed a new round of investment led by a HongKong-based private equity Group. The investment provides the online product delivery company a staggering BDT 300 crores valuation. Although the actual numbers related to the investment has not been yet published.
eCourier, one of the top delivery companies in the nation which started out as a logistics service provider in 2015, presently provides a range of items and services for businesses going online. The company had raised its initial funding earlier from Mind Initiatives in 2015, eCourier said in a statement yesterday.
“We will be scaling up our outside Dhaka distribution and warehousing through investment in infrastructure and technology, in addition to improving the reach, reliability, and efficiency of our operations. We want to ensure that we share these benefits with our customers and partners and deliver the best with big smiles,” reportedly said Biplob G. Rahul, CEO of eCourier.
The service portfolio of the company includes online channel integration services, inventory management and analytics along with multi-city fulfilment, express transportation and reverse logistics.
Serving more than 5,000 direct partners crosswise over Bangladesh with its ever-developing team of more than 350 employees, in recent years – eCourier has been experiencing more than 100 percent growth rate in delivery exchanges.