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Flipkart Opens Its Largest Warehouse in Hyderabad

Flipkart Opens Its Largest Warehouse in Hyderabad

By Indo-Asian News Service | Updated: 31 October 2015 11:02 IST

India's biggest e-commerce company Flipkart plans to invest $2 billion (roughly Rs. 13,067 crores)in logistics and another $500 million (roughly Rs. 3,266 crores) in a nationwide warehouse network over the next four to five years, co-founder and COO Binny Bansal said on Friday.

The company, which opened its largest fulfilment centre here, is looking at opening 80 to 100 warehouses across the country.

Bansal told reporters that they will explore raising funds through IPO and private investors in addition from their own accruals.

Telangana Finance Minister E. Rajender inaugurated Flipkart's largest fulfilment centre in the country at Gundla Pochampally on the city outskirts in the presence of Bansal.

Spread over 220,000 square feet and with a storage capacity of 589,000 cubic feet, this is Flipkart's 17th warehouse in the country.

The automated state-of-the-art fulfilment centre is expected to ship out 120,000 items every day.

Bansal said the warehouse was designed to provide easy access to e-commerce services for sellers, while providing faster and seamless services to customers.

Equipped with a 1-km-long conveyer belt, which is expected to reduce motion wastage by 75 percent, the centre has automated sorters to separate shipments based on pin codes.

Offering 50 million products on its platform, Flipkart has 45 million registered users clocking over 10 million daily visits rpt visits. The company, which has 33,000 employees, delivers 10 million shipments every month.

Flipkart earlier this week announced extension of its customer-centric campaign 'FlipkartConnect' in Uttar Pradesh to educate and enable consumers to understand benefits of online shopping.

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