Meesho, Flipkart and Amazon drive 80% of India’s eCommerce shipments

India’s e-commerce giants—Amazon, Flipkart, and Meesho—now control 82% of the country’s parcel volumes, accelerating a shift toward in-house logistics and squeezing third-party logistics (3PL) providers.

Captive shipments rose from 52% in FY23 to 61% in FY25 and are projected to hit 67% by FY26. Meesho’s logistics arm, Valmo, now handles 70% of its deliveries, up from 5% two years ago.

This dominance led to a 3% YoY decline in the 3PL sector, with shipments from the top three platforms falling 13%. In response, Delhivery acquired Ecom Express for $165 million.

Survivors like Delhivery and Shadowfax are pivoting to niche services and diversified clients to stay competitive.