Amazon looks to buy 51% stake in Ecom Express for $600 Mn
Image Credit: economic times
As ecommerce gains momentum within the Indian retail ecosystem, Amazon (who doesn’t own an in-house delivery system) is reportedly looking to pick a majority stake in logistics startup Ecom Express for around $500 Mn-$600 Mn. According to a Mint report, the ecommerce giant aims to build an in-house logistics division to catch up with its rival, Flipkart.