Partner Group took the lion share and invested $ 29 million, Warburg Pincus invested around $ 5.8 million, and CDC group took the balance share of investment. Ecom Express’s is in touch with Amazon as well. With Indian Retail Market growing at an exponential pace, and after successful IPO of Delhivery and Xpressbees joining Unicorn club, the interest of Venture Capital Firm and PE players in this sector are at the highest level.

Indian Retail Market

India is the third largest Food and Grocery Market in the world. As a part of Indian retail sector, Food and Grocery commands the largest segment which accounts for 66% of the total retail spend. It opens up opportunities worth $ 570 Bn and is expected to grow at a CAGR of 8%. Indian e-commerce revolution is growing exponentially, e-Grocery market is set to touch $21-25 Bn by 2025, growing at a CAGR of 50-55%. Retail Market is estimated to reach $2 Tn by 2032 and e-commerce Industry is expected to cross $350 Bn by 2030 growing at a CAGR of 23%.

India’s growth story drives on multiple factors which include, high penetration level of mobile phone, low cost of mobile date, digital payment, fastest growing middle class, digital India push by the Government and 100% FDI for retail trading, including through e-commerce, in respect of food products manufactured and produced in India. By 2030 India will add 140 Mn middle-Income and 21 Mn high-Income households. Leading to t huge emerging middle class. By 2030 India will add nearly 90 million new households headed by millennials, who were born into liberalized India.

Indian Consumer internet and e-commerce companies raised $ 38 billion in 2021, and increase from $ 8 billion in 2020. As per government estimates, India will become the 3rd largest online retail market by 2030, with an estimated annual gross merchandise value of $ 350 Bn.

About Ecom Express

Ecom Express is an end-to-end technology logistics solutions provider to the Indian e-commerce Industry. It is in logistics business since 2012 founded by T. A. Krishnan, Manju Dhawan, K. Satyanarayana and Late. Sanjeev Saxena having rich experience in logistics and distribution Industries. Company’s strength lies in its strong network, it operates in 29 states, covers 2650+ towns in India.