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. GoJavas currently claims to have a revenue run rate of Rs 500 crore, and added support for new products like a 90 minutes reverse pickup and open box delivery of electronic products, through the partnership. The partnership let GoJavas deliver to 150 more cities within 3 months, and currently services 350 cities. In June, GoJavas started offering delivery services to local businesses such as groceries, pharmacists, and supermarkets among others, piloting in 15 cities across India. GoJavas began as Rocket Internet-backed online fashion store Jabong’s third-party logistics service called JaVAS (Jabong Value Added Services) in December 2012. However, it was later sold to Gurgaon-based QuickDel Logistics in February last year and rebranded to Gojavas. Jabong is currently listed as a client of Gojavas, along with Paytm, HealthKart, Hindustan Unilever, LensKart, YepMe, Juvalia&You,…
