CDC Group makes $36m equity investment in Ecom Express

UK development finance institution CDC Group has closed a $36 million equity investment in Warburg Pincus-backed Ecom Express, an Indian tech-enabled end to end logistics company.

In addition to network expansion and augmentation, CDC’s equity injection enables Ecom Express to significantly accelerate job creation from about 32,000 employees to about 47,000 within the next 1-2 years.