Flipkart and Ekart Logistics received a funding of Rs 1,632 cr from Klick2Shop

Vastavam web: E-commerce major Flipkart’s logistics arm Ekart Logistics has received a funding of Rs 1,632 crore recently from Klick2Shop, as per regulatory filings.According to documents filed with the Corporate Affairs Ministry, Instakart Services the entity that runs Ekart Logistics received a funding of Rs 1,632.8 crore in November in three tranches from Klick2Shop Logistics Services International.”The equity shares allotted to Klick2Shop Logistics Services International shall rank pari-passu with existing equity shares of the company as to dividend voting or otherwise…,” it added.

Set up in 2009, Ekart delivers 10 million shipments a month to over 3,800 pin codes. It works with Flipkart as well as other brands and merchants outside of the Flipkart Group.