What is Paperfly?
Paperfly specializes in providing comprehensive doorstep delivery services across Bangladesh, reaching down to the union level. Established in February 2016, the company has rapidly become a leader in cash-on-delivery services and volume handling within the country. Its operations are powered by proprietary, state-of-the-art technology. The management team comprises seasoned professionals with extensive experience in top corporations, aiming to revolutionize the local logistics sector. Their efforts are geared towards enhancing the economy by reducing costs, increasing efficiency, creating employment, enabling e-commerce growth, and fostering entrepreneurship.
How much funding has Paperfly raised?
Paperfly has raised a total of $11.8M across 1 funding round:
Private Equity
$11.8M
Private Equity (2021): $11.8M with participation from Ecom Express Private Limited
Key Investors in Paperfly
Ecom Express Private Limited
Ecom Express Private Limited is an investor in Paperfly's recent funding round. While specific details on their investment focus are not provided, their involvement suggests a strategic interest in the logistics and e-commerce infrastructure within emerging markets.
What's next for Paperfly?
With this major strategic investment, Paperfly is poised to further solidify its market position and expand its technological capabilities. The enterprise-level backing suggests a focus on scaling operations, enhancing infrastructure, and potentially exploring new service verticals. This financing will likely enable Paperfly to deepen its impact on Bangladesh's economy by further enabling e-commerce and supporting a wider network of businesses and entrepreneurs through its robust delivery network.
See full Paperfly company page
