Ekart Logistics has allocated Rs 3,000 crore for investments and acquisitions, recent filings with the Registrar of Companies show. Ekart Logistics earlier this year suspended the customer-to-customer courier service within months of its launch. It also halted its hyper-local delivery services that was piloted in Bengaluru last year.
Ekart was acquired by Flipkart from WS Retail, a primary seller on its marketplace, and is being run by a group entity, Instakart Services, since 2015. Besides offering core e-commerce services such as third-party logistics services to other e-commerce players , it also provides warehousing and fulfillment facilities to retail sellers. – Financial Express