Even as Walmart appears all set to acquire Flipkart, rival Amazon, through its Singapore arm, has invested ₹2,600 crore in its Indian subsidiary.
In a regulatory filing, the company said the investment was carried out by Singapore-based Amazon Corporate Holdings. The company is likely to invest more funds in its Indian subsidiary soon, sources said.
The filings were accessed by business intelligence platform, paper.vc. The US-based e-commerce giant plans to ramp up the storage capacity of its fulfilment centre network by five million cubic feet, with five new FCs, in preparation for the festival season later this year.
The new FCs will be set up in Bengaluru, Mumbai, Gurugram, Vijayawada and Kolkata to support increased customer and seller demand from these regions and will be fully operational before the festival season.
With this, Amazon.in now has 67 FCs in 13 States with a total storage capacity of over 20 million cubic feet, the largest fulfilment infrastructure for e-commerce in the country.
Of the 67 FCs, 15 are part of the specialised network for the large appliances and furniture category and another 15 are part of the specialised network to support the AmazonNow business, which is an app based, two-hour delivery service for daily essentials that is available in Hyderabad, Bengaluru, Mumbai and Delhi/NCR.
Amazon has the largest number of FCs in Maharashtra at 15, followed by Haryana and Karnataka at 12 and 9 respectively.
Also read p3
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.