mumbai retail magnate and future group founder kishore biyani is in talks with ecommerce majors flipkart and amazon among others to sell a 49 stake in his logistics and warehousing comapny future supply chain solutions valued at rs 2500 crore or 400 million people directly aware of the matter said biyani who owns a 71 stake and hong konglisted global supply chain manager li fung will offload shares in a secondary transaction expected to fructify in the next few weeks some private equity investors are also keen on the transaction as logistics market is ripe for dealmaking riding on the exponential growth in online shopping future supply chain which reported around rs 600 crore revenue with about an 18 operating margin is already handling ecommerce deliveries for snapdeal and furniture etailer pepperfry the company has projected a rs 850900 crore revenue figure in the current fiscal as it adds muscle to its ecommerce supply chain platform biyanis discussion with flipkart and amazon is interesting since these ecommerce giants already have their own delivery networks in ekart logistics and amazon transportation solutions recent media reports suggested that flipkart might be working on spinning off its delivery unit as part of a corporate rejig while flipkart and amazon might be open to alliances or joint ventures on lastmile delivery it is unlikely to share its core supply chain technology with anyone when contacted by toi kishore biyani said future supply chain was looking to divest shares or go public going forward however he declined to share details on the potential deal li fung had acquired a 26 stake in the company investing 30 million six years ago indias organized retail pioneer biyani who has been critical of the heavily bleeding online business models has been warming up to the ecommerce juggernauts and last year tied up with amazon to sell some of his brands flipkart declined to comment while an emailed query to amazon remained unanswered till the time of going to press ecommerce logistics is broken up into three verticals in indiathird party logistics companies like blue dart and gati logistics startups such as delhivery and gojavas which was acquired by snapdeal and delivery networks of flipkart and amazon the logistics sector has seen a rise in investor interest with private equity and hedge funds investing behind delhivery some ecommerce companies have divested or monetized their delivery networks as in the case of fashion etailer jabong by samidha sharma boby kurian tnn published on apr 9 2015 at 0803 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get