The investment has been led by a HongKong based private equity Group, marking eCourier's valuation at Tk300 crore
eCourier, an e-commerce based logistics company, announced it has closed a new round of funding towards its ambitious growth strides.
The investment has been led by a HongKong based private equity Group, marking eCourier's valuation at Tk300 crore, according to a press release issued on Sunday.
The company raised its seed funding earlier from MindInitiatives in 2015.
“We will be scaling up our outside Dhaka distribution & 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,” said Biplob G Rahul, CEO of eCourier.
eCourier, starting as a logistics service provider in 2015, now provides a range of products and services for businesses going online.
The company extended its service portfolio, including online channel integration services, inventory management and analytics along with multi-city fulfillment, express transportation and reverse logistics.
With presence in over 60 districts and in excess of 1,000 unions already, the company now plans to expand its network to levels none has stretched before.
Serving more than 5,000 direct partners across Bangladesh with its ever-growing team of 350+ employees, eCourier has been experiencing more than 100% growth in delivery transactions in recent years.