Ekart logistics or Ekart courier is an Indian courier delivery services company, headquartered in Bangalore, Karnataka. A subsidiary of electronic commerce company Flipkart, it is run by Instakart services Pvt. Ltd.[2]
 | |
| Smart logistics | |
| Industry | Courier |
| Founded | 2009 |
| Founder | Flipkart |
| Headquarters | , India |
Area served | 3800+ pin codes in India |
Key people | Neeraj Aggarwal (vice president)Kalyan Krishnamurthy (CEO)[1] |
| Products | Delivery, express mail, third-party logistics |
| Website | ekartlogistics.com |
Klick2Shop Logistics Services International, a Singapore-based company, invested Rs.1641 crore in Ekart in October 2017.[3][4]
History
editIn January 2014, Ekart, which was originally established as Flipkart's in-house logistics arm, began offering delivery services to third-party e-commerce companies in India. This marked a strategic shift as the company moved beyond handling only Flipkart’s shipments. The development was viewed as an effort to position Ekart as a more comprehensive logistics platform in response to the growing demands of India’s e-commerce market.[5]
In September 2015, Flipkart Ltd reacquired its logistics unit, Ekart, from WS Retail Services Pvt Ltd, which had been one of the platform’s largest sellers. The business was transferred to a newly incorporated subsidiary, Instakart Services Pvt Ltd, as part of a broader corporate restructuring.[6][7]
Instakart Services, established in June 2015, listed Flipkart executives Ankit Nagori and Rajnish Singh Baweja as directors and shareholders at the time of incorporation. The move was intended to bring Flipkart’s logistics operations under closer strategic control.[8]
Following the restructuring, Instakart reportedly received an investment of ₹127 crore from Klick2Shop Logistics Services International, a Singapore-based affiliate of Flipkart.[8]
In November 2016, Instakart Services Pvt Ltd, the Flipkart subsidiary that operates Ekart Logistics, received an equity infusion of ₹1,632.8 crore from Klick2Shop Logistics Services International, a Singapore-based entity associated with Flipkart.[9]
Between 2021 and 2024, Ekart continued to operate as instakart and reported an eightfold growth in revenue from its supply chain monetisation efforts, according to a Business Standard report.[10] As per the same Business Standard report, Ekart expanded its operations to over 6 million daily shipments and covered approximately 98% of Indian postal codes. The infrastructure included over 50 million cubic feet of warehousing space and a fleet of around 7,000 trucks. Ekart also introduced additional logistics services, including truckload transport, refurbishment, and document delivery. It was reported that a quarter of client brands used multiple services, and a portion of revenue came from end-to-end supply chain contracts[10].
In the financial year 2023–24, Instakart Services Pvt Ltd, the entity operating Ekart Logistics, reported a net loss of ₹1,718.4 crore, reflecting a more than fivefold increase from ₹324.6 crore recorded in 2022–23.[11] Revenue from operations for the year declined by 5% to ₹12,115.3 crore, compared to ₹12,787.4 crore in the previous fiscal year. Meanwhile, total expenses rose by over 6%, reaching ₹14,149.4 crore. The increase was primarily attributed to higher operational and employee benefit costs[11].Depreciation, depletion, and amortisation expenses amounted to ₹1,183 crore in FY24, while employee benefit expenses stood at ₹1,244 crore, up from ₹1,204 crore and ₹1,132 crore respectively in FY23[11].
See also
editReferences
edit- ^ livemint.com (3 January 2018). "Flush with funds, Flipkart boosts investments in logistics arm eKart". Archived from the original on 27 April 2018.
- ^ "Flipkart Allocates $460 Mn To Logistics Arm Ekart For Strategic Investments". inc42.com. 9 October 2017. Archived from the original on 28 April 2018.
- ^ "Flipkart arm Ekart Logistics to deploy whopping Rs 3000 cr war chest for acquisitions, more". financialexpress.com. 10 October 2017. Archived from the original on 18 October 2017.
- ^ "Ekart Logistics raises ₹1,632 cr from Klick2Shop". thehindubusinessline.com. 3 January 2018. Archived from the original on 9 June 2018.
- ^ "Flipkart's Ekart to deliver for rivals". ETRetail. 12 January 2014. Retrieved 16 August 2025.
- ^ "Flipkart Buys Back Ekart From WS Retail". Inc42. 8 September 2015. Retrieved 16 August 2025.
- ^ "Flipkart's Logistics Arm Ekart Raises Rs. 1,632 Crore". ndtv.com. 3 January 2018. Archived from the original on 27 April 2018.
- ^ a b Cite error: The named reference
inc42-ekart-buybackwas invoked but never defined (see the help page). - ^ www.ETRetail.com. "Flipkart's logistics arm Ekart raises Rs 1,632 cr from Klick2Shop". ETRetail.com. Retrieved 25 August 2025.
- ^ a b "Ekart's supply chain monetisation efforts achieve 8x growth in last 3 years". Business Standard. 25 November 2024. Retrieved 16 August 2025.
- ^ a b c "Flipkart's logistics arm Ekart sees 5-fold surge in net loss at Rs 1,718 crore in FY24". ETRetail. 10 August 2025. Retrieved 16 August 2025.
  | This article about an Indian company is a stub. You can help Wikipedia by expanding it. |