The result of the conversation the four had that night was the founding of e-commerce-specific logistics firm Ecom Express Pvt. Satyanarayana quit in January 2013, when Ecom Express was launched with the help of funding from early-stage investor Oliphans Capital. Ecom Express was present in around 500 towns during October 2015 and has now expanded to 1,000 towns. Ecom Express currently has 33 small hubs for its last-mile operations, besides 30 processing centres. Ecom Express currently has 33 small hubs for its last-mile operations, besides 30 processing centres.

Source: Mint October 19, 2016 23:48 UTC