31/10/2015 7:57 AM IST | Updated 15/07/2016 8:25 AM IST

Flipkart To Invest Over $500 Million In Nationwide Fulfilment Network

NOAH SEELAM via Getty Images
Chief Operating Officer and Co-Founder of Flipkart, Binny Bansal speaks during the launch of Flipkart's Largest Fulfillment Centre on the outskirts of Hyderabad on October 30, 2015. Flipkart is India's leading e-commerce marketplace offering over 30 million products across 70 plus categories including Books, Media, consumer Electronics and Lifestyle. AFP PHOTO / NOAH SEELAM (Photo credit should read NOAH SEELAM/AFP/Getty Images)

Flipkart, India's biggest online marketplace, is planning to build a solid fulfillment network across the country and has said that it was planning to invest more than $500 million for the same.

The company, which opened its largest fulfilment centre in Hyderabad, has long-term plan of investing $2 billion in logistics and $500 million for setting up 80 to 100 warehouses across India.

A fulfilment centre is a warehouse-like structure, where the e-tailer's merchandise is stored, packed and shipped as and when a customer orders something online.

Flipkart's largest fulfilment centre in India, the Hyderabad warehouse is spread across 2.2 lakh square feet, with a storage capacity of 5.89 lakh cubic feet. The automated state-of-the-art fulfilment centre is expected to ship out 1.2 lakh items every day.

"With the network of close to 100 warehouses across the country, we plan to reduce the time taken to complete an order to maximum two days," Flipkart's Chief Opereating Officer Binny Bansal told the Economic Times.

"So far we have invested $100 million in setting up fulfilment centres over the past eight years and going ahead, we will fund the addition of new centres and building the supply chain," he added.

According to media reports, the company also plans to launch an IPO in the next two to five years.

(With inputs from Reuters)

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