Amazon is considering purchasing a 51% stake in Ecom Express for $600 million

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As ecommerce gains traction in the Indian retail ecosystem, Amazon (which does not have its own delivery system) is reportedly looking to acquire a majority stake in logistics startup Ecom Express for $500 million to $600 million.

According to a Mint report, the ecommerce behemoth intends to establish an in-house logistics division in order to compete with Flipkart. According to the report, Amazon and Ecom Express are in the preliminary stages of discussing a potential co-promotership in Ecom Express. By allowing Warburg Pincus to exit, the ecommerce giant is likely to pick up a 51 percent stake. While Ecom Express is already one of Amazon’s delivery partners, it also serves a variety of other ecommerce companies such as Paytm, Nykaa, and Myntra.

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Amazon is considering purchasing a 51% stake in Ecom Express for $600 million

As ecommerce gains traction in the Indian retail ecosystem, Amazon (which does not have its own delivery system) is reportedly looking to acquire a majority stake in logistics startup Ecom Express for $500 million to $600 million.

According to a Mint report, the ecommerce behemoth intends to establish an in-house logistics division in order to compete with Flipkart. According to the report, Amazon and Ecom Express are in the preliminary stages of discussing a potential co-promotership in Ecom Express. By allowing Warburg Pincus to exit, the ecommerce giant is likely to pick up a 51 percent stake. While Ecom Express is already one of Amazon’s delivery partners, it also serves a variety of other ecommerce companies such as Paytm, Nykaa, and Myntra.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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