Ekart is now profitable, cash-generating: CBO

Flipkart’s logistics arm Ekart has seen a tenfold increase in revenue and a 50x jump in its customer base over the past four years, and is now both profitable and cash-generating, chief business officer (CBO) Mani Bhushan told FE. He, however, did not disclose further details of the financials.

The growth comes at a time when more e-commerce companies such as Amazon, Flipkart and Meesho are expanding their in-house logistics capabilities — a trend that adds to volume and pricing pressures for traditional third-party logistics (3PL) providers. This trend has already begun a phase of consolidation in the ecosystem, with 3PL player Delhivery acquiring smaller rival Ecom Express to strengthen its position in the market.