Ecom Express Private Limited announced a private placement of 1,570,000 Compulsorily Convertible Preference Shares at an issue price of INR 9,071 per share for total gross proceeds of INR 14,241,470,000 via right issue on June 25, 2024. The transaction will be co-led by returning investors Warburg Pincus LLC, British International Investment plc, and Partners Group Holding AG. The company's board has passed a special resolution to issue the shares.