Ecommerce cos gear up for festive sales; Vertex Ventures’ new bets
Ecommerce giants Amazon and Flipkart are expanding their supply chains ahead of the festive season, adding significant warehousing and delivery capabilities. Flipkart increased its storage capacity by 50% and added over 900 delivery hubs, while Amazon launched 20 new fulfilment centres. This year, they plan to hire over 410,000 temporary workers as industry estimates project festive sales of ₹1.50-1.55 lakh crore, a 25-29% increase year-on-year.