Flipkart and Amazon are India's biggest office space takers in H1

by Anukul Jain Discount Mantra-coupon codes

Ecommerce giants have made such a fortune in the past few years that they have spread over large office spaces. They have even outpaced IT firms in this sector. In 2013, the ecommerce sector had funded $800 million while in 2014, this amount increased to a whopping $4.3 billion! This year, in the first six months, the funds have totaled to $1.8 billion. Over its eight years of functioning, Flipkart has raised a sum of $3.4 billion. Amazon has come to a close $5 billion. Flipkart and Amazon have been able to make their mark by offering amazing Flipkart discounts and Amazon deals respectively to their users every day.

The money raised by ecommerce companies has been utilized mainly in two areas – marketing and backend infrastructure. Bangalore and Gurgaon are the two places in India where most of the action is taking place. Flipkart has leased 3 million square feet in Bangalore, Amazon has leased 1.3 million square feet in Bangalore, Snapdeal has leased 5 lakh square feet in Gurgaon, Housing.com has leased 1.5 lakh square feet in Mumbai and Zomato has leased 1.2 lakh square feet in Guraon; thus, making Flipkart India’s biggest office space taker in the first half of the year, followed by Amazon. Knight Frank, a property research firm has confirmed that a total of 6 million square feet of office space has been leased by such companies!

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