$36m capital infusion to support Ecom Express’ next level expansion

Warburg Pincus backed Ecom Express has drawn a fresh round of funding from CDC Group, the UK’s development finance institution. The Gurgaon headquartered end to end logistics service provider, particularly known for its alignment with the fast growing e-commerce business in the country, has drawn an equity investment of $36 million from the UK finance institution which is slated to assist in its next level expansion. The modest capital infusion is slated to enhance the penetration of the company within the country in reaching out to the hinterland locations. The…

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GreyOrange Launches Next Era Fulfillment Operating System

GreyOrange, a global software and mobile robotics provider that leverages artificial intelligence and machine learning to optimize fulfillment operations, has announced the latest release of its Fulfillment Operating System, which integrates GreyMatter software with the company’s series of mobile robots. The latest release embodies capabilities that optimize fulfillment for companies with omnichannel and e-commerce needs and increases store efficiency by packing replenishment orders according to individual store layouts and preferences. It also expands the orchestration of data and actions across the Company’s series of Ranger™ mobile robots. “Synthesizing GreyMatter with a…

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