New Delhi: E-commerce platform Flipkart’s logistics arm reported a more than five times surge in its net losses to Rs 1,718.4 crore last fiscal (FY24), compared to Rs 324.6 crore in the previous fiscal (FY23).  

Instakart Services, which operates Ekart Logistics, also clocked a 5 per cent revenue decline at Rs 12,115.3 crore in FY24, compared to Rs 12,787.4 crore in the year-ago period.

The expenses rose by over 6 per cent to Rs 14,149.4 crore from Rs 13,325 crore. Total income narrowed by 4.3 per cent to Rs 12,431 crore from Rs 13,001 crore, as per its regulatory documents.

As per the documents, the company reported depreciation, depletion and amortisation expenses at Rs 1,183 crore and employee benefit expenses of Rs 1,244 crore in FY24. In FY23, the depreciation, depletion, and amortisation expense was Rs 1,204 crore and the employee benefit expense was Rs 1,132 crore.

Founded in 2009, Ekart provides fourth-party logistics (4PL) services to many small and large-scale businesses across the country. With grade-A warehouses across 20 locations and more than 7,000 trucks, Ekart delivers across 15,000 pin codes.

Ekart has partnered with more than 300 brands for business-to-business (B2B), warehousing, and dropship services, providing customised end-to-end (E2E) solutions for industries across direct-to-consumer (D2C), retail, apparel and fashion, and fin-tech, among others.

The company recently introduced a comprehensive ‘Refinish Service’ tailored to address the challenges of returns management in the fashion and lifestyle sector.

Meanwhile, Amazon India’s logistics arm Amazon Transportation Services (ATS) clocked a 7.6 per cent growth in its operating revenue to Rs 4,889 crore in FY24 from Rs 4,543 crore in FY23. The company’s net loss declined by 6.9 per cent to Rs 80 crore against Rs 86 crore.

Amazon Prime Day Sale 2023 is now live in India. The ongoing sale will end after 48 hours on Sunday night and is exclusive to Amazon Prime members in the country. You can also avail discounts on millions of products by sellers across different categories such as smartphones, smartwatches, wearables, headphones, laptops, consumer electronics, clothing and more. The online marketplace is offering additional no-cost EMI options and exchange discounts during the sale. It has also partnered with ICICI Bank and SBI Cards to offer an instant discount of up to 10 percent bank card and EMI transactions.

These are some of the best-selling electronic items in the ongoing Amazon Prime Day 2023 Sale. 

OnePlus Nord CE 2 Lite 5G

The dual-SIM OnePlus Nord CE 2 Lite 5G has emerged as one of the best-selling smartphone models during the Prime Day sale. It can be purchased at a discounted rate of Rs. 17,999 via Amazon during the sale. With a coupon-based offer, shoppers can save an additional Rs. 500. Bank discounts will further sweeten the deal by Rs. 1,000. Exchange offers are capped at Rs. 16,100. The OnePlus Nord CE 2 Lite 5G runs on a Snapdragon 695 SoC and has a 120Hz refresh rate display. It flaunts an AI-backed triple rear camera unit headlined by a 64-megapixel main sensor and carries a 5,000mAh battery with support for 33W SuperVOOC fast charging.

Buy now: Rs. 17,499 (MRP Rs. 19,999)

iPhone 14

Apple’s iPhone 14 has a starting price of Rs. 66,999 in the ongoing Amazon Prime Day Sale 2023. The iPhone 14 was launched in September 2022 and pricing started at Rs. 79,900. Customers can benefit from the additional bank offer, which can further bring its price down by up to 65,999. You can swap an old iPhone and receive another additional discount worth up to Rs. 50,000 which would bring down the effective price to Rs. 15,999. The iPhone 14 is powered by Apple’s A15 Bionic SoC and features a 6.1-inch Super Retina XDR OLED display.

Buy now: Rs. 65,999 (MRP Rs. 79,900)

Redmi 12C

Amazon is selling the 4GB RAM + 64GB storage variant of the Redmi 12C budget smartphone for Rs. 7,799 instead of the original launch price of Rs. 9,999. EMI options start at Rs. 373 per month. Interested users can also swap an old smartphone to get an additional exchange discount of up to Rs. 7,400. The Redmi 12C has a 6.71-inch HD+ (1600 x 720 pixels) LCD display with a refresh rate of 60Hz. It runs on an octa-core MediaTek Helio G85 SoC.

Buy now at: 7,799 (MRP Rs. 9,999

OnePlus Bullets Wireless Z2

The OnePlus Bullets Wireless Z2 earphones are available during the Amazon sale at Rs. 1,598, down from the launch price of Rs. 1,999. Amazon Pay ICICI credit card users can avail of Rs. 300 cashback as well. The earphones have a neckband-style design and are equipped with 12.4mm drivers. They are claimed to deliver up to 30 hours of playback time on a single charge. The OnePlus Bullets Wireless Z2 have an IP55 rating for dust and water resistance.

Buy now at: Rs. 1,598 (MRP Rs. 1,999)

Noise ColorFit Pulse Go Buzz

The ongoing sale on Amazon has seen the price of the Noise ColorFit Pulse Go Buzz smartwatch drop to Rs. 1,199, down from the original price of Rs. 1,999. Users can avail of Rs. 300 as part of a cashback offer while making payments through Amazon Pay ICICI credit cards. The Noise ColorFit Pulse Go Buzz offers Bluetooth calling with a wireless range of up to 18 metres. It has a 1.69-inch TFT display and supports over 150 cloud-based and customised watch faces.

Buy now at: Rs. 1,199 (MRP Rs. 1,999)

Boat Airdopes 141

Boat’s Airdopes 141 TWS headphones are currently priced at Rs. 998 during the ongoing Amazon Prime Day 2023 Sale. Also, the online marketplace is offering Rs. 300 cashback and 2,200 welcome rewards on purchases made via Amazon Pay ICICI credit card. The wireless in-ear headphones come with dual 40mm dynamic drivers with a frequency response rate of 20Hz to 20,000Hz. They are said to deliver up to 15 hours of battery life on a single charge.

Buy now at: 998 (MRP Rs. 4,490

Amazon Echo Dot (3rd Gen) Smart speaker with Alexa

Amazon Alexa-powered Echo Dot (3rd Gen) Smart speaker is available for purchase at Rs. 1,949, instead of the original price of Rs. 4,499. Interested customers can buy an Amazon Echo Dot combo to get a smart bulb worth Rs. 649 at just Rs. 150. The smart speaker can be operated through voice commands. Alexa can speak English and Hindi and users can ask questions, play music, control the smart home, and more with this device. It can be used as a standalone speaker or connected to other speakers.

Buy now at: Rs. 1,949 (MRP Rs. 4,499)

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Amazon Great Summer Sale 2023 is currently live in India and will go on till May 8. Besides smartphones and laptops, a slew of home appliances and products including air conditioners, washing machines, and refrigerators are also listed with discounted prices during the four-day long sale. The e-commerce website has also joined hands with ICICI Bank and Kotak Bank to provide an instant discount of 10 percent for purchases made using their cards and EMIs. Other offers include no-cost EMI options, Amazon coupons, and exchange offers. A wide range of products from brands like Samsung, Godrej, LG, Voltas, and more are available at discounted prices.

Here are our top picks for the best deals on home appliances on Amazon right now.

Godrej 564 L

Amazon has listed the Godrej 564 L refrigerator for Rs. 54,990 in the ongoing seasonal sale. Customers also get up to Rs. 1,500 bank discount on select bank credit cards that reduces the price to Rs. 53,490. Further, interested buyers can exchange their existing refrigerator to get an additional discount of up to Rs. 14,000. This frost-free refrigerator has a side-by-side door design and offers auto defrost technology. It features a removable ice maker with a twistable knob and is available in a Platinum Steel shade.

Buy now at: Rs. 54,990 (MRP Rs. Rs. 90,000)

Daikin 1.8 ton three-star inverter split AC

This air conditioner from Daikin is available at Rs. 47,999 during the ongoing Amazon Great Summer Sale 2023. Amazon Prime members can avail Rs. 250 discount on purchases. There are special discounts for payments made through Amazon Pay ICICI credit cards. The split AC comes with an inverter swing compressor and is suitable for large-sized rooms up to 200sq.ft in size. Triple display, 3D Airflow, and Titanium apatite deodorising air filter are some of its other features.

Buy now at: Rs. 47,999 (MRP Rs. Rs. 72,900)

Amazon Basics washing machine

This fully-automatic front-loading washing machine is currently listed for Rs. 17,990. Amazon is also offering up to Rs. 1,500 cashback for purchases made via select bank cards. You can also get an additional discount of up to Rs. 1,860 when exchanging it with your old model. This washing machine comes in a single White shade and has a capacity of 7 kilograms and an inbuilt heater. The Amazon Basics washing machine offers 23 wash programmes.

Buy now at: Rs. 17,990 (MRP Rs. Rs. 39,999)

Voltas Beko dishwasher

In the ongoing Amazon Great Summer Sale 2023, Voltas Beko dishwasher is available at Rs. 17,490. You can also get a bank discount of up to Rs. 1,500. Standard EMI options start at Rs. 836. The Voltas Beko dishwasher has an eight-place setting that can fit up to 96 vessels. It has an inbuilt heater and offers six different wash programmes as well.

Buy now at: Rs. 17,490 (MRP Rs. Rs. 25,990)

Xiaomi Robot Vacuum Mop 2 Pro

Amazon has currently listed the Xiaomi Robot Vacuum Mop 2 Pro for Rs. 29,999. Further, Amazon is offering up to Rs. 1,500 off on purchases via the Kotak Bank, and ICICI Bank credit card EMIs. Interested buyers with Amazon Pay ICICI credit cards can also avail of additional discount. The Xiaomi Robot Vacuum Mop 2 Pro features a brushless motor with a 3000Pa suction rate. This robot vacuum cleaner comes with both sweeping and mopping functionalities and it has an LDS laser navigation system. It is backed by a 5,200mAh battery that is claimed to offer a run time of up to 213 minutes on a single charge.

Buy now at: Rs. 29,999 (MRP Rs. 39,999)

Haier 22L Convection Microwave

Haier 22L Convection Microwave is available during the Amazon sale with a discounted price tag of Rs. 8,990. Customers using an ICICI Bank or Kotak Bank credit card with EMI transactions can get a 10 percent instant discount up to Rs. 1,000. There is also an exchange discount of up to Rs. 380 that you can get for your old microwave. The Haier 22L features 195 auto-cook menus and an auto-defrost system. ‎

Buy now at: Rs. 8,990 (MRP Rs. 16,500)

IFB ‎Executive Plus MXS 9014

In the Amazon Great Summer sale 2023, IFB’s ‎Executive Plus MXS 9014 fully-automatic front-loading washing machine is priced at Rs. 42,990. There is a coupon-based discount of Rs. 2,000 and bank offers worth Rs. 1,500. The available exchange offer can further bring its price down by up to Rs. 2,010. This washing machine has a capacity of 9kg and a 5-star energy efficiency rating. There are also 14 wash programmes for different washing needs.

Buy now at: Rs. 42,990 (MRP Rs. 49,990)

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