Ecommerce player Snapdeal on Wednesday announced that it has invested $20 million(around Rs 130 crore) in gojavas to strengthen its Supply Chain and logistic. This is the second round of investment made by Snapdeal in the logistics company.
Snapdeal had entered into a strategic partnership with gojavas and made its first investment in the firm earlier this year (March 2015). 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.
Snapdeal has invested $100 million in the last 6 months to improve it delivery timelines by 70 per cent. It will invest an additional $200 million in the next 12 months to further strengthen its supply chain.
The partnership between Snapdeal and gojavas has proved to be mutually beneficial. The companies have worked together to build capacity and expand reach. gojavas’ reach expanded to include 150 more cities within 100 days of having entered into a partnership with Snapdeal. Gojavas currently delivers to 350 cities up from 150 cities pre-partnership.
“Gojavas is one of our best performing last mile logistics partners. The company’s average timeline for delivering Snapdeal orders has reduced by a full 24 hours in the last 6 months and our teams have worked closely to come up with highly innovative solutions that are further enhancing customers’ shopping experience on Snapdeal. ,” 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 crore, while keeping our operations sustainable and efficient,” gojavas Chief Operating Officer Vijay Ghadge said.
(Courtesy: Indian Express)