OPEN APP
Home / Companies / Flipkart looks to build new Bangalore campus

Bangalore: India’s largest e-commerce firm Flipkart.com, which is in advanced talks to raise more funds, is looking to consolidate its offices in Bangalore and build a large, 1.5 million square feet campus that will have an initial capacity to house 12,000 people.

Flipkart, promoted by Flipkart India Pvt. Ltd, has hired property consultant Jones Lang Lasalle, to find builders for the project, which it expects to be completed by 2017. Flipkart currently has eight offices in Bangalore.

“The campus is being built keeping in mind the future growth at Flipkart which is why it is so large," said Mekin Maheshwari, chief people officer at Flipkart. “With interests from over 35 developers, we are evaluating this project and are looking at completing this by 2017. The Flipkart new campus RFP (request for proposal) aims at consolidating all Flipkart offices into one big office. We will continue to add capacity there in future as well."

Maheshwari said that apart from the campus Flipkart will have several regional offices across India. Flipkart hasn’t decided whether the campus will also host employees of Myntra, the online fashion retailer it bought in May.

Flipkart is the leader in India’s fast-growing e-commerce market, which has recently caught the fancy of investors after a period of two years when most venture capitalists shied away from funding Indian Internet firms.

Flipkart, which has already raised $770-$780 million, is in advanced talks to receive its largest-ever round of funds, two persons familiar with the matter said. Its largest round till now was the $210 million it received in May.

There will be at least two new investors in the latest round, the people cited above said on condition of anonymity.

The Economic Times reported on Wednesday that Flipkart has raised as much as $1 billion from current investors including DST Global, Accel Partners as well as new investors. The report named Singapore’s sovereign wealth fund Government of Singapore Investment Corp. (GIC) and US-based investment firm T Rowe Price among the potential new investors in Flipkart.

Flipkart declined to comment.

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.
Close
Recommended For You
×
Edit Profile
Get alerts on WhatsApp
Set Preferences My ReadsFeedbackRedeem a Gift CardLogout