Snapdeal invests $20 million in logistics firm Gojavas

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Online retailer Snapdeal has invested $20 million (approx Rs 130 crore) in Gurgaon-based Gojavas. This is the second round of investment made by Snapdeal in the logistics start-up.

Snapdeal co-founder Rohit Bansal said, “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 six months.”

Snapdeal has been on an overdrive to improve its supply chain in the last few months. The Bangalore-based firm had bought a minority stake in Gojavas in March this year with the objective of improving last mile connectivity.

Over the last six months, Snapdeal has invested $100 million to improve its delivery timelines by 70 per cent as the company plans to invest an additional $200 million in the next 12 months to further strengthen its supply chain.

Gojavas, which delivers over 1.8 lakh packages every day, said the partnership with Snapdeal helped it become one the largest independent logistics players in the country. Gojavas posted revenues of over Rs 200 crore in 2014-15 fiscal year.

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