Ecom Express has filed for an INR 2,600 Cr IPO, following in the footsteps of competitors like Delhivery.
Strength in B2C Logistics
Ecom Express focuses solely on B2C logistics, offering services from first-mile pickup to last-mile delivery, with a strong presence in Tier II cities.
Challenges and Opportunities
While Ecom Express is still loss-making, it has narrowed losses and is now EBITDA positive, showing signs of strategic improvement.
Leveraging Technology and Scale
The company plans to use IPO proceeds to enhance its technology and expand its network, including deploying AI/ML and drone technology.
Market Sentiment and Future Outlook
Despite market concerns over profitability, Ecom Express’s strong focus and unique value proposition could attract investors.
After Delhivery’s IPO Setback, Can Ecom Express Corner Public Market Success?