eCourier gets foreign funding after being valued at BDT 300 crore
- A Monitor Report01 Sep, 2019 | 1184 Views|-+
Dhaka : Bangladeshi online product delivery company eCourier has secured a new round of funding from a Hong Kong based private equity group after being valued by the group at BDT 300 crore.
Although, the company did not share the value of the investment, for which a deal was signed at a programme in the capital on August 17.
The new funding will be used towards ambitious growth strides, said Biplob G Rahul, CEO of eCourier.
"We will be scaling up our distribution outside Dhaka 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 while delivering the best with big smiles," he added.
The services of the company include online channel integration services, inventory management and analytics along with multi-city fulfillment, 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 per cent growth rate in delivery exchanges.