Flipkart’s Logistics Arm Ekart Sees 5-Fold Surge In Net Loss At Rs 1,718 Crore In FY24
New Delhi: E-commerce platform Flipkart’s logistics arm reported a more than five times surge in its net losses to Rs 1,718.4 crore last fiscal (FY24), compared to Rs 324.6 crore in the previous fiscal (FY23). Instakart Services, which operates Ekart Logistics, also clocked a 5 per cent revenue decline at Rs 12,115.3 crore in FY24,…