How to Start an Ekart Franchise 2023- Cost, & Profit Margin

How to Start an Ekart Franchise 2023- Cost, & Profit Margin

In today’s time, if you are thinking about the franchise of delivery or courier business in India, then according to me it is a good business option, and why I am telling you this, first understand it.

  • The rise of e-commerce, increased in online shopping and the need for efficient logistics solutions have led to significant growth in the delivery and courier industry in India.
  • India is the world’s most populous country and with the expanding e-commerce market in India, the demand for reliable and fast delivery services is on the rise.
  • Rapid urbanization is taking place in India, which is changing the lifestyle and consumption patterns of people, as cities grow, people’s lifestyle is better, due to which the demand for convenient and fast delivery services is increasing.

According to Statista  “in the year 2022, the size of the Indian logistics market was around 274 billion U.S. dollar. It was estimated that this market would grow to 563 billion dollars in 2030, at compound annual growth rate of 9.4 percent. India has a higher logistics cost as a percentage of GDP at 14 percent, compared to the BRICS average of 11 percent”

In this blog, we will know in detail about Ekart, one of India’s leading and most trusted delivery or courier franchise, How to Start an Ekart Franchise, the total investment in its franchise, the profit margin, the risk involved and there is a lot to know so let’s start from the beginning.

Overview about Ekart Logistics

How to Start an Ekart Franchise 2023- Cost, & Profit Margin

Ekart Logistics is a well-known Indian logistics and supply chain company. It is a subsidiary of Flipkart, one of India’s largest e-commerce platforms. Ekart was established in 2009 to cater to the logistics needs of Flipkart, and it has since grown to become one of the leading logistics companies in India. It is run by Instakart services Pvt. Ltd.

Ekart delivers over 10 million shipments every month. Delivers over 85% of Flipkart’s shipments as well as online platforms like Myntra, Jabong, etc. It serves over 3800 plus pin codes in India.

Ekart Logistics: Essential Facts

1 Trade Name Instakart Services Pvt. Ltd
2 Type Public
3 Industry Courier
4 Founded 2009
5 Founder Flipkart
6 Headquarters Bangalore, Karnataka
7 Area Served PAN India
8 Revenue Rs 6,582 crore (FY- 2021)
9 Services Delivery, Express Mail, Third Party Logistics
10 Website ekartlogistics.com

 

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Why Ekart Franchise?

How to Start an Ekart Franchise 2023- Cost, & Profit Margin

 

  1. Established Brand: – Ekart is a subsidiary of Flipkart, so doing business with such a leading e-commerce brand gives credibility and recognition in the market.
  2. Market Demand: – Ekart delivers over 10 million shipments each month. Therefore, due to the demand for this franchise in the market, it gives you an opportunity to enter the emerging market as well as gives recognition to your business in your area.
  3. Training and Support: – Ekart provides necessary training and ongoing support to its franchise partners, thereby helping you understand the business process.
  4. Low Investment and High Return: – To open this franchise, you need 1.5 – 2.5 lacs and your monthly income can vary from 30,000 to 70,000 from this franchise.

Ekart Franchise Cost

How to Start an Ekart Franchise 2023- Cost, & Profit Margin

You need 1.5-2.5 lacs rupees to start an Ekart franchise. With this you need at least 750 -1000 square feet area for its office and Godown. If the property is your own, then you get freedom from the rent of that property and deposit for that property, due to which you can start this franchise in just 1-2.5 lacs, in which you will have to deposit 1 lac and you will get some Rupees will be used to purchase equipment (computer, printer, bar scanner, etc.).

Ekart Franchise Profit Margin

How to Start an Ekart Franchise 2023- Cost, & Profit Margin

The profit margin available in Ekart depends on various factors like product price, product weight, volume of shipment, location etc. So, it is difficult to estimate the exact profit margin received by the company, but according to the information from the owner who is currently running the Ekart franchise, you can You get a minimum commission of 20 to ₹ 25 on each product, if you deliver 80% of the total shipment that comes to you, then you also get a bonus of ₹ 3 to ₹ 5 on each product, your initial earning can be from 30,000 -70,000.

Requirement for Ekart Franchise

How to Start an Ekart Franchise 2023- Cost, & Profit Margin

  1.  The first and most important requirement, for this you may need an investment of 1.5-2.5 lacs.
  2. You also need a space of min 700-1000 sq. ft which is needed for their Office and warehouse.
  3. You need 2-3 staff who can make the delivery as well as update the shipment information on the computer.
  4. Interested candidates are encouraged to commit themselves to the Ekart Franchise
    Business, adhere to company standards, and uphold its legacy.

Documents Requirement for Ekart Franchise

  • Applicant Aadhaar Card and Pan Card.
  • Insurance of shop.
  • Rent Agreement (In case of Rental Area).
  • Bank Passbook.
  • Passport size Photo.
  • GST License and other documents.

How to Apply for DTDC Franchise

For its franchisee, you will go to the contact us page and send the details by filling them in properly. After sending this detail, you will be informed about the further process through call or email from the company.

How to Start an Ekart Franchise 2023- Cost, & Profit Margin

or, to apply for the Ekart Franchise, E-mail them your details on: admin@ekartlogistic.com

Note- If Ekart Logistics service is already available on your pin code, then no reply will come even after you repeatedly fill up the form or send mail. For this, you can open another Ekart logistics for that pin code only by contacting the area manager of your Ekart.

Official Address

Buildings Alyssa, Begonia & Clover,
Embassy Tech Village, Outer Ring Road,
Devarabeesanahalli Village, Bengaluru
KA 560103.

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Risk in Ekart Franchise

While Ekart Franchise offers numerous opportunities, it is essential to be aware of the challenges that might arise:

  1. Operational Risks: These risks pertain to day-to-day operations, including errors in order processing, delays in transportation, inventory management issues, and employee-related challenges. Operational inefficiencies can lead to customer dissatisfaction and financial losses.
  2. Market Risks: Fluctuations in market demand, changes in customer preferences, and competitive pressures can impact the profitability and growth prospects of logistics companies.
  3. Security Risks: Logistics involves the movement of goods, and the risk of theft, pilferage, or damage to goods during transportation and warehousing can pose significant challenges to the business.

Conclusion

Ekart Logistics is a well-known Indian logistics and supply chain company. It is a subsidiary of Flipkart, one of India’s largest e-commerce platforms. Ekart was established in 2009 to cater to the logistics needs of Flipkart, and it has since grown to become one of the leading logistics companies in India. The first and most important requirement, for this you may need an investment of 1.5-2.5 lacs. And you need a space of min 700-1000 sq. ft, which is needed for their Office and warehouse. Your initial earnings can be from 30,000 -70,000.

Every business has some merits as well as some risks to them, so according to me, consider each and every aspect before starting this franchise. If there are any questions related to this franchise, then you can ask us your question in the comment box below.

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FAQs

How much does Ekart Franchise Cost in India?

for this you may need an investment of 1.5-2.5 lacs. And you need a space of min 700-1000 sq. ft, which is needed for their Office and warehouse.

Is ekart franchise profitable?

according to the information from the owner who is currently running the Ekart franchise, you can You get a minimum commission of 20 to ₹ 25 on each product, if you deliver 80% of the total shipment that comes to you, then you also get a bonus of ₹ 3 to ₹ 5 on each product, your initial earning can be from 30,000 -70,000.

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