India, Oct. 17 -- Instakart Services, the Flipkart-owned logistics company behind Ekart, nearly broke even in the fiscal year ending March 2026 (FY26). Its loss narrowed 98.3% to Rs.26 Cr in the fiscal under review, compared to Rs.1,508 Cr in FY25.

The brand's revenue from contracts with customers fell 4.2% to Rs.13,194 Cr in FY26, from Rs.13,779 Cr in the previous fiscal year. In this, Flipkart itself contributed Rs.9,112 Cr, or about 69% of the total operating revenue.

Operationally, logistics, transportation and shipping contributed the most share, approximately 50% to Rs.6,419 Cr in the reported year. Revenue from this vertical plunged 39.5% YoY.

Ekart also generates revenue from collection services and warehousing services. Collec...