9 March 2021

Ecom Express receives US$ 20 Million follow-on investment from CDC Group

CDC Group, the UK Government’s development finance institution and impact investor in South Asia and Africa, today announced that it has closed a US$ 20 Million investment round in Ecom Express, a leading 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 in the Indian hinterlands. With the high


5 March 2021

E-commerce Industry Trend Insight

A typical e-commerce year starts with a relatively higher than average volume in January driven by Republic day sale events, with some spillover volumes from the Christmas/New Year sale campaigns. Volume usually fluctuates thereafter within a limited range till June, when the End of Season sales in the last week of June lead to a surge in fashion volumes. These e-commerce discount sales held in Jan and June typically last for about 3-7 days that require a ramp up manpower for a period of about 2 weeks. The Diwali sale is