Snapdeal invests $20 mn in gojavas to reach 100 more Indian cities easily

In the second round of investment, Snapdeal has provided $20 million to gojavas, one of India’s leading third party logistics player, expanding its business to 100 more cities.

This investment is in line with Snapdeal and gojavas’s strategic partnership signed earlier this year to build capacities and strengthen the supply chain ecosystem in the country.

In the past six months, Snapdeal has invested $100 million to improve its delivery timelines by 70%. The company is going to invest an additional $200 million in the next 12 months to strengthen its supply chain.

After cracking a deal with Snapdeal, gojavas’ reach expanded to 150 more cities and towns. gojavas currently delivers products to 350 cities and town. Both the companies have worked together to come up with innovative last mile solutions like card-on-delivery, 90- minute reverse pick up and 4-hour delivery services.

Commenting about the development, Snapdeal co-founder Rohit Bansal said: “Our partnership with gojavas has been tremendously successful. 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.”

gojavas is an e-Commerce focused supply chain solutions company and manages over 1 lakh sq feet of fulfillment centers and helps more than 400 companies reach consumers in close to 350 cities and towns.

Vijay Ghadge COO, gojavas 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. We were able to speed up our innovation pipeline because of assured support for new products like the 90-minute reverse pickup as well as open box delivery for electronic products.”

(Image: Indiatimes)