Warburg-Backed Ecom Express Raising Funds at $1 Billion Value, Sources Say
Ecom Express Ltd., a logistics services provider to Indian e-commerce companies, is seeking to raise fresh funds at a $1 billion valuation, according to people familiar with the development.
The Warburg Pincus-backed company is working with an adviser to raise at least $100 million, the people said, asking not to be identified as the information is private. Ecom is also considering strategic options including a merger with another logistics provider, they said. It could also weigh an initial public offering, one of the people said.