India, March 9 -- Delhi-based logistics solution provider Ecom Express, on Tuesday (March 9), said that it has received additional funding of $20 Mn (about INR 146 Cr) from existing investors CDC Group, a UK government-owned development finance institution (DFI). The announcement comes a month after the Competition Commission of India (CCI) approved the subscription to securities of the company by the UK-based investor.

CDC Group had previously invested $36 Mn in Ecom Express back in December 2019. Commenting on the follow up round, CDC's managing director and Asia head, Srini Nagarajan, said that DFI's additional investment reflects its support for the company's pan-India expansion. He also noted that the investment would further enhanc...