Amazon has outperformed Flipkart, Here’s how
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The local unit of
This is an indication that Amazon is going for aggressive expansion, which entered India in 2013, six years after Flipkart started operations. To be sure, the American company also has services here that cater to its global operations, and that require space.
"We have 7 lakh sq ft in office space excluding our new campus," Flipkart spokesperson, told ET.
Last year, Amazon signed a 1 million sq ft office deal in Bengaluru, which people in the know said took the total office space it occupies to 3.1million sq ft. Flipkart - which in 2014 signed the largest office transaction by an e-commerce firm, for a 2 million sq ft campus - is in the process of surrendering half of it, even as it looks to cut cost and reduce losses.
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Once the campus comes up, Flipkart is expected to surrender the rented space.
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