Sneha Johari writing for MediaNama:
Ecommerce player Snapdeal has invested $20 million in logistics firm GoJavas to further enhance its supply chain and logistics. GoJavas will use the funds to add 100 more cities to its repertoire in the next 6-12 months. Snapdeal had picked up a minority stake in the company for an undisclosed amount in March this year.
According to Snapdeal, GoJavas has been one of its ‘best performing’ last mile logistics partners, reducing Snapdeal’s delivery time by 24 hours in the last 6 months. Snapdeal says that it has invested $100 million in the last 6 months to improve delivery timelines by 70%, while looking to invest another $200 million in the next 12 months to strengthen its supply chain.