M: Amazon eyes 51% stake in delivery company Ecom Express

An hourglass and businessman holds his hands in the lock. Job interview concept. Business planning. Management and distribution of time. Making a business deal. Debt restructuring.

By LoadstarEditorial

08/08/2022

MINT reports that Amazon is in talks to buy more than 51% in logistics unicorn Ecom Express Ltd for $500-600m as the e-commerce company aims to build an in-house logistics unit “to catch up with its rivals” in the country.

India’s Ecom Express is “already among the many delivery partners of Amazon India”, which, in contrast to its rivals, doesn’t boast a logistics division, MINT added…

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