Online marketplace Snapdeal has invested $20 million in GoJavas, a logistics company to strengthen its supply-chain system. This is its second round of investment in GoJavas after March 2015 and in-line with the partnership signed last year.
Snapdeal said it will invest additional $200 million in the next one year to further reduce the delivery time and make its system robust.
“Our partnership with Gojavas has been tremendously successful. Gojavas is one of our best performing last mile logistics partners. The company’s average time line 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 future as well,” said Rohit Bansal, co-founder, Snapdeal.
With the help of Snapdeal partnership, GoJavas claims to be present in 350 cities with innovative last mile solutions like 90 minutes reverse pick up and 4-hour delivery guarantee. Snapdeal said it has already invested around $100 million in the last six months to stremaline its delivery system. It claims to have now reduced its delivery time by 70% in the last 8-10 months.