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Snapdeal invests $20 million in logistics player GoJavas

  • Online
    marketplace Snapdeal has invested $20 million in GoJavas, a third party
    logistics player, the company said in a statement.
    • Online
      marketplace Snapdeal has invested $20 million in GoJavas, a third party
      logistics player, the company said in a statement.
    •  
    • Image result for snapdeal
    •  
    • This is the
      second round of investment made by Snapdeal in the company.
    •  
    • “The
      investment in GoJavas is in line with Snapdeal and GoJavas’s strategic
      partnership signed earlier this year to build capacities for the future and
      strengthen the supply chain ecosystem,” the statement said.
    •  
    • The company
      is working consistently for the last 8-10 months to strengthen its supply chain
      and logistics. It has invested $100 million in the last six months to improve
      its delivery timelines by 70 percent.
    •  
    • Snapdeal
      will invest an additional $200 million in the next 12 months to further
      strengthen its supply chain.
    •  
    • The
      statement said the partnership between Snapdeal and GoJavas has proved to be
      mutually beneficial. “The companies have worked together to build capacity
      and expand reach.” GoJavas’s reach expanded to include 150 more cities
      within 100 days of having entered into a partnership with Snapdeal. GoJavas
      currently delivers to 350 cities.
    •  
    • “With
      the freshly infused funds, our aim is to help GoJavas become more successful
      and further expand their reach. Our teams will continue to work together
      closely in the future as well,” Rohit Bansal, co-founder, Snapdeal said.
    •  
    • “Our
      strategic partnership with Snapdeal has helped us become one the largest
      independent logistics players in the country with current revenue run rate of
      Rs 500 crores, while keeping our operations sustainable and efficient because
      of the higher visibility of future sales and targeted cities for
      expansion,” Vijay Ghadge, chief operating officer at GoJavas said.

     

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