EKART
Flipkart loses another leader as Ankit Jain joins Instamart as SVP
Ankit Jain, former Flipkart SVP, has joined Swiggy Instamart as senior vice president, taking over end-to-end operations. With over 20 years' experience, including roles at Flipkart and Unilever, Jain replaces COO Sairam Krishnamurthy and will focus on enhancing delivery, supply chain, and expanding Instamart’s network and category offerings.
UPI extras miss mark; Amazon streamlines India ops
Happy Friday! Most new features on Unified Payments Interface (UPI) have struggled to gain meaningful traction over the years. This and more in today’s ETtech Morning Dispatch.
Amazon India board clears merger of logistics arm with marketplace entity
Amazon is merging its logistics arm, Amazon Transportation Services (ATS), with its primary marketplace entity, Amazon Seller Services, to streamline operations and reduce compliance requirements. The National Company Law Tribunal has granted interim clearance for the merger. While ATS saw a revenue increase, Amazon aims to simplify its organisational structure amidst slowing e-tail market growth in India.
Delhivery to acquire Ecom Express in a cut-price deal for Rs 1,407 crore
PE firms Warburg Pincus, Partners Group, and British International Investment will fully exit their investments in Ecom Express through the deal. The biggest consolidation move in the new-age logistics sector, the transaction, which will require clearance from the Competition Commission of India, is expected to close in the next six months. Post completion, Ecom Express will become a subsidiary of Delhivery.
Etail, logistics companies prepare package for non-metro boom
"Ekart is building the supply chain for India and carries the mission of democratising ecommerce for all brands," said Mani Bhushan, chief business officer at Ekart. "Ekart is well-established and will continue to deepen presence in tier II-III supply chains and beyond." These include last-mile delivery and bulk cargo pickups from brands and manufacturers.
Flipkart opens up logistics arm to other ecommerce firms; plans NFT play too
According to sources, Ekart has added about 30 clients and is looking to onboard more as it doubles down on leveraging its internal logistics infrastructure to service non-Flipkart orders.
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Going Green: Ekart to deliver on electric vehicles
40% of Flipkart’s logistics arm will be electric over the next nine months following the footsteps of BigBasket and Swiggy.
Flipkart delivers Rs 1,632 crore more to its logistics arm Ekart
The company previously received Rs 641 crore from Flipkart during September, ahead of the online retailer’s annual flagship sale.
Flipkart's Ekart gets Rs 641 crore funding from Klick2Shop
This infusion comes as top ecommerce players in India are strengthening their logistics network to provide smooth delivery of the heavy load of shipments during the festive season.
Flipkart's old-timer Jha to head Ekart
The e-commerce major's erstwhile COO Nitin Seth was heading Ekart till he was asked to leave abruptly in May.
Ekart improves efficiency via third-party tie-ups
The company also signed up Adidas recently as an external client to manage shipments from the brand's online channel.
Flipkart's COO quits; Krishnamurthy's grip tightens
Seth's exit will give more power to Kalyan Krishnamurthy, who took over the HR function last week
Flipkart in consolidation mode for Ekart, shuts down months-old services
The company has suspended the customer-to-customer courier service within months of its launch. It has also pulled the plug on hyperlocal delivery services being piloted across Bengaluru since March last year.
Ekart aims for 50% revenue from non-Flipkart companies
While externalisation has been on the agenda of Binny Bansal since he took over as CEO in January 2016, the first priority for the company last year was improving customer experience.
Ekart to launch courier service to take on DTDC Express, First Flight Courier and others
Ekart has aggressive plans for its courier service, with an aim to capture 5-10 per cent of the market in the first year.
Ekart, logistics arm of Flipkart,strengthens top management, appoints two senior executives
Upadhye will report to Ekart head Saikiran Krishnamurthy, while Abichandani will report to Flipkart CFO Sanjay Baweja.
Flipkart taps into kirana stores to extend last-mile delivery
Ekart, the logistics arm of online marketplace Flipkart has signed on a network of 700 corner stores across 28 cities as part of its alternative delivery programme.
Flipkart building mapping platform to help mark customer addresses more accurately
The online retailer is building Flipkart Maps, which will help it mark customer addresses and landmarks more accurately to make more speedy and cost-effective deliveries.
Flipkart's logistics arm does business for rivals and is even looking beyond ecommerce
When Sachin and Binny Bansal founded Flipkart in 2007, they often ended up jumping on their own vehicles in the initial months to make deliveries.
Flipkart logistics arm Ekart bets big on offline clients, bags Madura Fashion
Ekart has started winning clients among brick-and-mortar brands as it aims to become an independent logistics powerhouse.
Paytm piloting service to deliver goods via Ekart-the logistics arm of Flipkart
For Paytm, the move marks greater focus on reaching customers in smaller towns and cities which generate more than half of total orders.
Flipkart arm Ekart ties up with Apollo Pharmacy for delivery and pickup services
The unit is also launching a Fulfilled by Ekart (FBE) initiative to tap merchants selling goods on other etailers, which will be a big area of growth in future.
Flipkart to push logistics cart in next growth drive
Flipkart’s new CEO Binny Bansal is seeking to rev up the company’s growth through the business he knows best, its logistics unit Ekart.
Flipkart infuses Rs 666 crore in Ekart
This is Flipkart’s second fund infusion in seven months into the logistics business that’s housed under a newly created entity called Instakart Services.
After Amazon, Flipkart to join express delivery race; co's logistics unit eKart to compete with on-demand startups
eKart to take on competition from on-demand startups that promise to deliver products within an hour, typically by tying up with local stores.
Flipkart top seller WS Retail to separate logistics arm Ekart into wholly-owned unit
Flipkart top seller WS Retail is likely to separate logistics arm Ekart before the e-tailer’s proposed US listing this year, according to one executive.
Shipments by third-party logistics companies to double: Flipkart
Home ministry does not have a database,” Kumar told ET in an interview last month. “Now 85% of shipments are done by ekart.
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