Home / Knowledge / News / Textiles / Snapdeal pumps in $20 million more in gojavas
Snapdeal pumps in $20 million more in gojavas
08
Oct '15
E-commerce major Snapdeal has announced that it has invested $20 million in gojavas, one of India's leading third party logistics player. This is the second round of investment made by Snapdeal in the company. Snapdeal had entered into a strategic partnership with gojavas and made its first investment in the firm earlier this year in 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, it said in a press release.

Snapdeal said it has been working consistently for the last 8-10 months to strengthen its supply chain and logistics. The company 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. Further, the teams 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 and have set new benchmarks in the industry in supply chain and logistics.

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 and our teams have worked closely to come up with highly innovative solutions that are further enhancing customers' shopping experience on Snapdeal. With the freshly infused funds, our aim is to help gojavas become more successful and further expand their reach. Our teams will continue to work together closely in the future as well.”

Explaining the rationale and the benefits of this partnership, 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 cr, while keeping our operations sustainable and efficient because of the higher visibility of future sales and targeted cities for expansion. We were able to speed up our innovation pipeline because of assured support for new products like the 90 minutes reverse pickup as well as open box delivery for electronic products.” (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 19th Sep 2017

Karl Mayer expands service operations in Asia

Karl Mayer, a world leader in the production of warp knitting and...

Textiles | On 19th Sep 2017

Welspun bags Made in Green label by Oeko-Tex

Welspun, a leading home textiles manufacturer, has been awarded Made...

Courtesy: SGS

Textiles | On 19th Sep 2017

SGS expands testing facilities in Naucalpan, Mexico

SGS has expanded testing facilities in Naucalpan, Mexico, creating a...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search