Eyes to digitise Bangladesh courier sectorPaperfly gets Tk 102cr investment from Ecom Express

Eyeing to start the digital era of the local courier industry, Paperfly confirmed another Tk 102 crore investment from Indian tech-based e-commerce logistics solutions provider, Ecom Express.

This new investment will propel building a stronger nationwide network that is aimed to cater to the courier (express) & parcel industry needs, as well as the needs of fast-growing e-commerce deliveries, a press release said on Tuesday.

“This round of investment confirms our commitment to completely transform this traditional industry in the coming years by integrating technology and compliance at the root level,” said Paperfly’s Founder & CEO Shahriar Hasan.

“We are glad that the potential of Bangladesh logistics arena is being clearly recognized through this additional round of fund injection,” he added.

About this round of investment, Ecom Express CEO & Co-founder, TA Krishnan said “Paperfly is playing a vital role in enabling e-commerce growth and expanding service reach across Bangladesh. Ecom Express’ additional investment in Paperfly reflects its continued support for the company to further its efforts in building tech-backed solutions for the growing digital commerce in the country.”

Currently, Paperfly employs around 2000 employees and provides nationwide delivery services through 200 points across the country. The company has its headquarter and central warehouse at Dhaka.