PostEx Buys Rival to Become Top E-Commerce Courier in Pakistan
- Deal will help bring startup PostEx to profitability: founder
- Country of 230 million people seeing nascent e-commerce growth
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Pakistani startup PostEx, a provider of courier and financing services to online merchants, acquired logistics company Call Courier in a deal that makes it the nation’s largest e-commerce delivery firm, according to its founder.
The combined entity will be handling about 50,000 orders a day, a scale that makes it profitable, founder Muhammad Omer Khan said without disclosing a value for the deal. The acquisition gives PostEx delivery operations in 500 Pakistani cities, compared with its previous base that consisted of just the three main ones.