US-based Walmart had completed its $16 billion acquisition of Flipkart.
From now through Jeeves-F1 Ekart Logistics will provide its end-to-end supply chain solutions like logistics, warehousing installation, demo and repair services for the after-sales needs to brands, platforms and small and large businesses through its network of technical workforce all over the country. Ekart Logistics is an Indian courier delivery services company, it is the supply chain arm of the Flipkart Group.
Recently through a post Flipkart said that, “With its externalization, Ekart will now offer end-to-end supply chain management to brands, platforms and businesses, including dropship, inventory management, distribution, aggregation and more”. Later on, the Senior Vice President & Head of Supply Chain of Flipkart Group said, “We are delighted to bring our deep expertise and capabilities to the small, medium and large businesses seeking to reach customers and clients across the country through our tech-driven dependable supply chain”. Since 2009 Ekart has started its operations as Flipkart’s in-house supply chain arm.
Ekart Logistics is an Indian courier delivery services company, it is the supply chain arm of the Flipkart Group.
In 2001 Postal & courier services accounted for over 88% of EKart’s principal business activity and warehousing & storage accounted for 11%. Therefore, in 2021 Ekart reported turnover of Rs 6,582 crore a which is over $900 million. It is said that in 2018 US-based Walmart had completed its $16 billion acquisition of Flipkart.
According to a statement, by supporting businesses and seamlessly managing the fulfilment and post-sales cycle, Ekart and Jeeves will enable brands and businesses of all sizes to focus on tasks that are critical to innovation and growth will help and support a vibrant digital commerce ecosystem in India. The move by Flipkart is followed by Amazon’s announcement of the launch of Buy with Prime – a new benefit for Prime members that will expand the convenience of Prime shopping in online stores beyond Amazon.com. Further an official statement stated that, “Buy with Prime will initially be available by invitation only for merchants using Fulfilment by Amazon (FBA) and will roll out through 2022 as merchants are invited to participate, including those not selling on Amazon or using FBA”.
It is said that in 2018 US-based Walmart had completed its $16 billion acquisition of Flipkart.