Amazon seeks a 51% stake in India-based logistics solutions provider, Ecom Express
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In order to build an in-house logistics division, Amazon (NASDAQ:AMZN) is in talks to acquire more than 51% stake in, India-based end-to-end technology enabled logistics solutions provider to Indian e-commerce industry, Ecom Express for $500M-600M.
People close to the matter as cited by LiveMint said, "Going by the current metrics of Ecom Express, the deal may be worth at least $500M, valuing Ecom Express at more than $1.2B."

If the proposed deal goes through, Amazon will get an in-house supply-chain firm, which will help further speed up its delivery while keeping its costs low.
The proposed deal also provides an exit to Warburg Pincus, which holds 52.2% stake in Ecom Express.
Both companies have declined to comment.
Ecom Express is already among the delivery partners of Amazon India, which, unlike its rivals, does not have its own logistics division.
It also added that it is expecting a spike in e-commerce orders during the festival season and seeks to further strengthen its last-mile capabilities.
Ecom Express has put its Indian IPO on hold amid uncertain economic conditions; it was planning to raise $125M-150M.