Flipkart Ekart Logistics: A 5-Fold Surge in Net Losses and What It Means for the E-Commerce Landscape

Flipkart’s logistics arm, Ekart, has reported a staggering increase in its net losses, soaring to Rs 1,718.4 crore in FY24 from Rs 324.6 crore in FY23. This fivefold rise poses significant questions about the sustainability of its operations and the…