Snapdeal invests $20 mn in Gojavas

E-commerce company Snapdeal has invested an additional $20 million in Gojavas, a logistics and delivery services venture it has been associated with, the company announced on Wednesday.

"With the freshly infused funds, our aim is to help Gojavas become more successful and further expand the reach. Our teams will continue to work together closely in the future as well," Snapdeal co-founder and Chief Operating Officer Rohit Bansal stated.

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' strategic partnership signed earlier this year to build capacities for the future and strengthen the supply chain ecosystem. Snapdeal has been working consistently for the last 8-10 months to strengthen its supply chain and logistics," the Jasper Infotech-owned online marketplace said.

Snapdeal has invested $100 million in the last six months to improve its delivery timelines by 70 per cent. It will invest an additional $200 million in the next 12 months to further strengthen its supply chain. Snapdeal said that the partnership between Snapdeal and Gojavas has proved to be mutually beneficial.