Logistics solutions provider Ecom Express on Tuesday said it has invested USD 11 million (about Rs 80.6 crore) in Bangladesh’s largest third-party e-commerce logistics (3PL) firm, Paperfly.

— Business Standard

The Indian logistics player acquired a majority stake in the company.

AZB & Partners advised Ecom Express Private Limited led by a team of partners Nandita Govind, Anisha Shridhar and senior associate Shreya Basu.

2021-01-09

Deal value: INR 800 Mn / approx. USD 10.95 Mn

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.