Snapdeal Invest $20M in Logistics Firm GoJavas says Delivery Time Reduced
Snapdeal has invested an additional $20 million in the third party logistics company gojavas. The Gurgaon-based e-commerce marketplace had previously made an undisclosed investment in gojavas as part of a strategic partnership in March 2015.
Snapdeal said this investment is in line with its strategy to build capacities for the future and strengthen the supply chain ecosystem. It claimed it has invested $100 million in the last six months to improve its delivery timelines and plans to invest an additional $200 million over the next 12 months to further improve its supply chain.
Snapdeal co-founder Rohit Bansal said "the company's average timeline for delivering Snapdeal orders has reduced by a full 24 hours in the last 6 months."
The Gurgaon-based e-tailer claimed that gojavas has expanded its reach to 150 more cities within 100 days of the partnership and currently delivers to 350 cities across the country. gojavas has also worked with Snapdeal to launch last mile solutions like card-on-delivery, 90 mins reverse pick up and four hour delivery services among others, the company added.
With the freshly infused funds, gojavas now plans to expand its footprint to include 100 more cities in the next 6-12 months. gojavas which was previously the logistics arm of Jabong, had also started local delivery services for businesses such as grocers, supermarkets and drug stores in June this year. It claims to deliver over 1.8 lakh packages to more than 3,000 pincodes across 350 cities and towns.
Gojavas was forming new verticals to address the demand for logistics and supply chain management from e-commerce companies and was looking to strengthening its top leadership team as it explores new markets like Africa.
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