Flipkart Invests $257 Mn In Logistics Arm Ekart

201801.06
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Ecommerce Major Flipkart has invested around $257 Mn in its logistics subsidiary Ekart, operated by Instakart Services Pvt Ltd during the period between October and November 2017, as shown in the filings with the Registrar.

This included an investment of another $50.8 Mn on November 7, 2017, and $154 Mn on November 27, 2017. Prior to that, the August 2017 filings also revealed an allocation of $460 Mn to Ekart for the investment deals.

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