Flipkart's logistics arm Ekart suffers massive Rs 810-crore loss

With competition from Amazon, its value erode, making it harder to raise funds at new valuation

Flipkart’s supply chain and logistics arm Instakart Services or Ekart Logistics has incurred losses of Rs 810 crore on a revenue of Rs 303 crore in the nine months to March, its first year of operation, after the Indian e-commerce major spun it off as a separate unit, people familiar with the development said.

The logistics arm losses come over and above the Rs 2,850 crore losses its two entities — Flipkart India and Flipkart Internet —showed for FY16. Ekart Logistics was incorporated in June 2015.

Ekart is trying to add more third party clients to increase its revenues. Flipkart