Logistics firm Ecom Express gets $30 million top-up from Warburg Pincus

Delhi-based e-commerce logistics solutions provider Ecom Express Private Limited has raised Rs 1.92 billion ($30 million) from existing investor Warburg Pincus. The funding was made via Warburg Pincus’s Eaglebay Investment unit. This is a part of a supplemental agreement made on September 8, 2017, where over 600,000 compulsorily convertible preference shares were issued by way of preferential allotment to Eaglebay Investment at Rs 3,150 per share.