Technology-enabled e-commerce delivery platform WOW Express is looking to raise $12 million in a Series A round of funding. The company has already raised a total of $3 million in early rounds of funding and is targeting revenues of Rs 100 crore in the next two years. Approximately 70% of the targeted revenues is expected from e-commerce and the balance 30% from consumer to consumer, healthcare express, warehousing, e-fulfilment and banking. According to Sandeep Padoshi, co-founder and director, WOW Express, said, “We see tremendous potential even outside of the e-commerce industry. Having clocked revenues of Rs 19.2 crore in FY'17 it is expecting to achieve revenues of Rs 30 crore in the current financial year.

Source: dna December 06, 2017 11:33 UTC