Rs 3,000 cr Investment by Flipkart for Setting Up Fulfillment Centres

ECommerce marketplace Flipkart is going to invest more than Rs 3,000 crore to set up its nationwide fuilfillment network. The firm has spent $100 million in the past eight years in developing warehouse facilities.

Addressing reporters at the launch of the 17th and largest fulfillment centre of the company, at Gundlapochampally near Secunderabad, Flipkart COO and co-founder Binny Bansal said, “Flipkart will invest in setting up 80 to 100 fulfillment centres in 4-5 years in a bid to reach out to customers anywhere in just two days.” 

He further said that Flipkart will be investing a couple of billions of dollars in logistics, and overall development.

“A public issue could be expected in the next five years,” Bansal said. Spread over 220,000 square feet, the new centre holds a massive storage capacity of 589,000 cubic feet. The centre has automated sorters with the ability to separate shipments based on pincodes. The Hyderabad facility will handle 240,000 units per day.

The centre also has a kilometre-long conveyer belt that reduces motion wastage by 75 per cent.

Source: Agencies