Online sellers who operate around Gujarat, Karnataka and Andhra Pradesh can rejoice. Logistics company Ecom Express is going to open two large fulfilment centres in the Mumbai Gujarat border and in the Karnataka Andhra Pradesh border this year.
Titled Ecom Fulfilment Services (EFS), the company has opened a 5,00,000 sq. ft. warehouse in Bilaspur, named ‘INDIA-1’. The step marks the company’s entry into ecommerce fulfilment. Ecom Express has introduced three new centres in Bangalore, Gurugaon and Lucknow, each spanning 40,000 sq ft. Not just that, the company intends to invest Rs. 40 crores to set up fulfilment centres over the next year. Sanjeev Saxena, the company’s co-founder and director said,
“We plan to launch 7 large and 20 small and medium warehouses in the near future with an ambitious target of connecting India seamlessly and substantially reducing the transit times.”
“The reason for opening fulfilment centres is that we want to give complete solutions to e-commerce customers. The objective is to reach any place in India by road in two days.”
The company plans to reach 2,000 cities and towns in the next two years.
With EFS, the company will offer storing and packing facilities, pick-up, order management software, quality check, returns and payment reconciliation.
Getting ready for GST
“With GST, a lot of warehouse consolidation will happen and players will need big facilities. These facilities are available with us.”
Ecom Express seems to be having a good run, with the company raising the most capital (compared to its peers) between 2015 and 2017 – a grand sum of $ 149.50 million. It seems to be planning its finances well, going by the recent moves.