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Flipkart Arm Ekart’s Loss Widens Over 5X To INR 1,718 Cr in FY24
- Flipkart’s logistics arm Ekart reported a net loss of INR 1,718.4 Cr in FY24, a more than 5X increase from the previous year.
- Revenue from operations declined by 5% to INR 12,115.3 Cr in FY24.
- Total expenses rose by over 6% to INR 14,149.4 Cr in FY24.
- Ekart operates more than 7,000 trucks, over 70 fulfilment centres, and 3,500 last-mile delivery hubs.
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