Flipkart to fuel its logistics with $2.5 billion

eCommerce giant Flipkart has planned to invest around $2 billion and other $500 million in a nationwide warehouse network over the next 4-5 years.
Flipkart

In order to strengthen its supply chain and logistics, eCommerce giant Flipkart has planned to invest around $2 billion and other $500 million in a nationwide warehouse network over the next 4-5 years.
After opening its largest fulfillment centre in Hyderabad, the company aims at opening 80 to 100 warehouses across the country.
Co-Founder & COO, Binny Bansal said that Flipkart will explore raising funds through IPO and private investors in addition from their own accruals.
Telangana finance minister E Rajender inaugurated Flipkart's largest fulfillment centre in the country at Gundla Pochampally on the city outskirts. Spread over 2.2 lakh square feet and with a storage capacity of 5.89 lakh cubic feet, this is Flipkart's 17th warehouse in the country.
The automated state-of-the-art fulfillment centre is expected to ship out 1.2 lakh 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 one-km-long conveyer belt, which is expected to reduce motion wastage by 75%, the centre has automated sorters to separate shipments based on pin codes.
With 50 million products, Flipkart has 45 million registered users logging over 10 million daily shipments.

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