Snapdeal acquired logistics firm GoJavas to strengthen its delivery operations

Mar 20, 2015 13:15 IST

Snapdeal on 19 March 2015 acquired logistics firm GoJavas to strengthen its delivery operations in the country. The deal is estimated to be about 200 crore rupees.

The company has invested in setting up fulfilment centres to smoothen its delivery operations.

Currently, it has 50 such centres across 20 cities and plans to expand this to 75 in 30 cities in the next few months.

Snapdeal has been scouting for acquisitions in mobile technology and supply chain space. Snapdeal counts global eCommerce giant eBay, Temasek, Myriad, Tybourne, Blackrock Inc and Premji Invest among its investors.

GoJavas works with e-Commerce firms like HealthKart, Jabong, Yepme and Lenskart, covers over 2500 pincodes in the country.

Snapdeal was founded in 2010. It has over 25 million registered users and more than 50000 business sellers. Currently, it does not have a captive delivery arm and relies on third-party logistics.

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Read more Current Affairs on: Snapdeal , GoJavas , delivery operations

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