Collection and Distribution are the two main aspects of trade and commerce. Especially these days when e-commerce is booming, logistics has gained a renewed importance. As per a KPMG report, the e-commerce retail logistics market was valued at USD 1.35 billion in 2018 and is expected to grow by 36% till 2023. To tap this growing demand, four ex Blue Dart employees started up Ecom Express in 2012. Today Ecom Express offers nation wide express delivery services to e-commerce industry. Let's explore more about the journey and accomplishments of this startup that has established itself as one of the best delivery services in the country. Read about Ecom Express Company Profile, Competitors, Business Model, Founders, Funding, Logo etc.,
Ecom Express – Company Highlights
| Company Name | Ecom Express |
|---|---|
| Headquarter | Gurugram |
| Founders | T.A.Krishnan, K.Satyanarayana, Manju Dhawan & Sanjeev Saxena |
| Sector | Logistics |
| Founded | 2012 |
| Parent Organization | Ecom Express Private Limited |
| Website | ecomexpress.in |
What is Ecom Express
Ecom Express - USPs
Ecom Express - Founders and Team
Ecom Express - Name and Logo
Ecom Express - Business Model
Ecom Express - Funding and Investors
Ecom Express - Awards
Ecom Express - Competitors
Ecom Express - Growth and Revenue
Ecom Express - Future Plans
What is Ecom Express
Ecom Express is a leading logistics service provider in the country which was started in the year 2012. The company offers a variety of facilities such as express services, digital services and fulfillment services.
The Express services include ‘Ecom Express Service’ and ‘Ecom Ground Service’. Ecom Express Service renders pick-up (from sellers or warehouses) and delivery of products (to end customers) that are ordered online. While, Ecom Ground Service is specifically designed for transporting huge and bulky products. They use inbuilt automated systems for tracking end-to-end orders. Under the Express service, Ecom Express also ensures QC (quality check) enabled reverse logistics facilities, whereby trained Ecom Express executives perform quality check of the products being returned by the end customers and deliver it safely to the sellers or to the warehouse from where the product was dispatched.
Ecom Digital Services offers e-KYC-Aadhar based biometric verification and industry specific cash, cheque and document collection and Contact Point Verification (CPV) services
Under Ecom fulfillment services, Ecom Express offers warehousing and order management services. As for warehousing, the clients can choose the location of warehouse and space required as per one's requirements.
Ecom Express - USPs
Ecom Express stands ahead of other logistics services with its distinctive qualities. It serves in more than 2400 towns and cities in India, with a secured and reliable shipment of products with GPS enabled vehicles. With its fleet network operating in 150 long-haul runs and 480 short-haul runs, it covers almost 80% of the total orders via its own network. Ecom Express' order fulfillment services uses cutting edge technology to ensure controlled movements of orders and ensures point to point validation thus making it a transparent process. Besides, through features like efficient route optimization, real time electronic proof of delivery, cash-on-delivery collection, real time order tracking facilities, Ecom Express provides a seamless experience to both the end-customers and the consignees.
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Ecom Express - Founders and Team
When Ecom Express was started in 2012, e-commerce sector was not as popular as today. However with the years of experience they have, the Ecom Express founders could gauge the growth that logistics sector will see with the e-commerce revolution, and it is this vision that inspired them to start up.
Ecom Express was founded by T.A Krishnan, K. Satyanarayana, Manju Dhawan, and Sanjeev Saxena.
Mr. T.A Krishnan is an acknowledged leader in the Indian Express and logistics industry with more than 26 years of experience in the delivery services.
Mr. K Satyanarayana executes the strategic developments and management of the company and has over 25 years of experience in the finance and administration domain of courier services.
With her innovative perceptions of the market trends and client-centric strategies along with 25 years of practice, Manju Dhawan leads the company with functional excellence.
Sanjeev Saxena drives the company’s fineness with his 25 years of expertise in IT, operations, and automation sector of the logistics services. The company has a team of directors and executive management with more than 19000 employees.
Ecom Express - Name and Logo
The Name ‘Ecom Express’ portrays the collection and distribution services offered by the company in the e-commerce industry.
Ecom Express - Business Model
Ecom Express operates in a B2B business model, and offers its services to e-commerce companies. With its digital services, Ecom Express also provides services to companies from Banking, Insurance and Financial sectors. Ecom Express clientele includes market leaders such as Amazon, Flipkart, Clovia, Jabong, Myntra, Paytm, Nykaa and more.
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Ecom Express - Funding and Investors
Ecom Express has reared a total funding of $215.4 million in four rounds with its latest funding of $36 million from the CDC group in December-2019.
| Date | Stage | Amount | Investors |
|---|---|---|---|
| September 2014 | Venture Round | $17 million | Peepul Capital |
| June 2015 | Private Equity Round | $133 million | Warburg Pincus |
| September 2017 | Private Equity Round | $30 million | Warburg Pincus |
| December 2019 | Private Equity Round | $36 million | CDC Group |
Ecom Express - Awards
2017
- Excellent Position Under E-commerce Logistics – CII Scale Awards
- Best E-commerce Logistics Partner – ISCM LSP Awards
- Most Disruptive Startup Logistics Idea, Supply Chain Disruptor of the year – The 11th Express Logistics and Supply Chain Leadership Awards
- BW Disruptors Awards
- SCM and Logistics – Entrepreneur India Awards
- Best Cloud Implementation – BW CIO Imperatives
- Women Supply Chain Icon of the year – The Global Logistics Excellence Awards
- The Enterprise IT World Awards
- Transport and Logistics Icon – 3rd Edition of the CIO Power List
- Appreciation for Expert Panel Evaluation – BML Munjal Awards
- Innovative CIOS Awards
2018
- Exemplary Women Leadership Award – The 12thExpress Logistics and Supply Chain Leadership Awards.
- Ecommerce Logistics - CII Scale Awards
- Fastest Setting up of Delivery centers in India by a logistics company – LIMCA Book of Records.
- SCM and Logistics - Entrepreneur India Awards
- Last Mile Partner of the year, Supply Chain CIO of the year- The Global Logistics Excellence Awards
2019
- Strategic Finance Transformation Icon – CFO Power List
- CIO 500 Award
- Fastest Growing Logistics Company of the year – Indian Oil Logistics Excellence Awards
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Ecom Express - Competitors
The top competitors of Ecom Express are Ekart Logistics, Delhivery, and Xpressbees. Though Delhivery generates more revenue than Ecom Express, the latter stands out exceptional in the e-commerce industry with its fastest-growing network and coverage across different cities in the country.
Ecom Express - Growth and Revenue
Ecom Express started its operations in 35 cities with 42 delivery centers with around 300 employees. Now, it has 19000+ employees, 2500 delivery branches in 2400 different cities with 8,00,000 shipments/day. The company’s annual revenue is estimated to be $144.5 million as per Owler.com. Ecom Express' revenue got increased from INR 579 Cr in the fiscal year 2017-2018 to INR 1018 Cr in 2018-2019, which is a 76% increase. The net loss is also reduced from INR 526 Cr to INR 129 Cr, thus 2018-2019 is a virtuous year of revenue accomplishment for Ecom Express.
Ecom Express - Future Plans
Ecom Express plans to hire around 15,000 employees in the next two years. With its presence not limited to just big cities and towns, but to many tier II, III and IV cities and also hinterlands, Ecom Express aims to be the best benefactor and solutions provider for logistics services in the e-commerce industry. With collective values of Integrity, Commitment, Openness, Respect, and Passion, the Ecom Express' mission is to be the paramount in the industry.
Link : https://startuptalky.com/ecom_express_success_story/
Author :- Chayanika Goswami
July 25, 2020 at 02:16AM
startuptalky