Amazon, which does not have its own delivery service, is allegedly aiming to buy a majority share in logistics company Ecom Express for $500 million to $600 million as eCommerce develops traction in the Indian retail industry.
The eCommerce giant plans to create an internal logistics branch to compete with Flipkart, according to a Mint article. The article claims that Amazon and Ecom Express are in the early stages of talking about perhaps working together to promote Ecom Express. The e-commerce behemoth is probably going to take a 51 percent stake by allowing Warburg Pincus to leave. Ecom Express already works with Amazon as a delivery partner, but it also provides services to a number of other e-commerce businesses, including Paytm, Nykaa, and Myntra.