In what is seen as an encouraging development towards improving logistics services in Bangladesh that could further support and give a fillip to the growth of e-commerce in the country, the 5-year-old logistic-tech start-up Paperfly has recently managed to attract an investment of about Taka 100 crore from the Indian technology-enabled end-to-end e-commerce logistics solutions provider, Ecom Express.
According to reports, Bangladesh’s logistics market remains untapped as the demand for the service has only started to grow on the back of the robust growth of e-commerce and f-commerce even as the e-Commerce Association of Bangladesh (e-CAB) underlines that the domestic logistic market size is about US $ 1 billion.
Report has it that Ecom Express and Paperfly will work closely towards transformation of Bangladesh’s logistics industry through use of intelligence-driven automations and data sciences, accelerating implementation of advanced supply chain and logistics processes and adopting agile solutions in delivery, warehouse and fulfillment management.
Underlining that currently there is no such logistic company in Bangladesh which could provide a one-stop solution for home delivery across the country, Co-founder and Chief Marketing Officer of Paperfly, Rahath Ahmed said with the new investment, Paperfly will build a network equipped with all facilities such that all kinds of products regardless of quantity or size can be delivered anywhere within Bangladesh.
Speaking to the media, CEO and Co-founder of Ecom Express, T.A. Krishnan, reportedly, maintained that Ecom Express looks forward to unlock Paperfly’s potential to provide superior customer experiences across its supply value chain by integrating e-commerce, logistics and technology ecosystem.