Future Group founder Kishore Biyani is in talks with leading ecommerce companies like Flipkart and Amazon, among others, to sell a 49% stake in his logistics and warehousing company Future Supply Chain Solutions which is valued at over INR 2,500 Cr., people close to the development said.
According to a report, some private equity investors are also keen on the transaction.
Future Supply Chain had reported revenues of INR 600 Cr. with about an 18% operating margin, and further, it expects to earn revenues of INR 850-900 Cr. this fiscal. It is to be noted that Future Supply Chain is already serving ecommerce companies like Snapdeal, Pepperfry among others.
Previously, there were also reports that Flipkart might be working on spinning off its delivery unit.
Kishore Biyani said that Future Supply Chain was looking to divest shares or go public going forward, but, he however, declined to share details on this potential deal.
As the success of ecommerce companies lies in the successful & faster delivery of products, thus ecommerce companies try to make their delivery network more and more efficient. Interestingly, both Flipkart and Amazon, already own delivery networks in eKart Logistics and Amazon Transportation Solutions.