Instakart Services, the Flipkart-owned logistics company behind Ekart, nearly broke even in FY26 — narrowing its losses by 98.3% year-on-year to ₹26 crore from ₹1,508 crore in FY25, according to Inc42's October 2026 report.
The turnaround came even as the top line slipped: operating revenue fell 4.2% YoY to ₹13,194 crore in FY26. Flipkart itself contributed ₹9,112 crore, or about 69% of total operating revenue. Expenses fell 13% YoY to ₹13,638 crore — the disciplined cost reset that powered the near-breakeven.
How Ekart got here
Founded in 2009, Ekart offers fulfilment services not only for Flipkart and Myntra but also for external D2C brands, online sellers and retailers. The logistics platform claims to operate 70 fulfilment centres, 80 sortation facilities and 3,500 delivery hubs across India.
The FY26 result caps one of the most dramatic profitability turnarounds among Indian new-age companies: in a market where capital is clearly more selective, Ekart chose margin discipline over growth, and nearly eliminated a ₹1,500-crore loss in a single year.
Why it matters for founders
Ekart's FY26 is the clearest signal of 2026's funding environment: profitability is the story investors want to hear. A 98.3% loss reduction on a 13% cost cut shows discipline beats scale when capital turns selective.