Technology News
English Edition

Snapdeal to Invest $200 Million to Improve Delivery Network

By Reuters | Updated: 7 October 2015 18:25 IST
Snapdeal to Invest $200 Million to Improve Delivery Network
Click Here to Add Gadgets360 As A Trusted Source As A Preferred Source On Google
Advertisement
Ecommerce company Snapdeal.com will invest $150 million-$200 million (roughly Rs. 942 crores - Rs. 1,256 crores) to strengthen its delivery network in the next financial year, an executive said.

The SoftBank backed company had invested in a minority stake in logistics company GoJavas, Rohit Bansal, co-founder of Snapdeal, said on Tuesday. He did not say how much the investment was worth.

Getting logistics and deliveries in place is a critical requirement for companies like Snapdeal, Flipkart and Amazon's India unit as they fight to win over the country's 300 million-strong urban middle class, who have come to expect free deliveries and returns as well as great deals on everything from clothes to car accessories.

© Thomson Reuters 2015

Comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Internet, Snapdeal, Gojavas
Sony Reports Q3 Net Profit But Forecasts Annual Loss
Google Chromecast Can Now Be Controlled via TV Remote: Reports

Related Stories

Snapdeal to Invest $200 Million to Improve Delivery Network
Comment
Facebook Gadgets360 Twitter Share Tweet Snapchat LinkedIn Reddit Comment google-newsGoogle News

Advertisement

Featured
Follow Us
Latest Videos
More Videos
Tech News in Hindi
More Technology News in Hindi

Advertisement

Popular on Gadgets
Latest Gadgets
Popular Mobile Brands
#Trending Stories
  1. Oppo Reno 15 Series to Launch in These Storage Variants, Colourways
  2. Oppo Find X9 Series Could Launch in India at This Price
  3. Redmi Note 15 Series India Launch Timeline Tipped
  4. Samsung Silently Introduces Galaxy Book 5 Edge 5G With These Features
  5. Vivo X300 Series India Launch Date Announced
  6. OTT Releases of the Week: Dude, Nishaanchi, Jolly LLB 3, and More
  7. BSNL Silver Jubilee Prepaid Recharge Plan Offers These Benefits
  8. Vivo X300 Series Specs Confirmed, India-Exclusive Red Colour Teased
  9. Pixel Call Recording Finally Rolling Out to Older Models After Long Delay
#Latest Stories
  1. Vivo X300 Series India Launch Date Announced: Here's What to Expect
  2. Redmi Note 15 Series India Launch Timeline Tipped; Redmi 15C Could Debut This Month
  3. Poco Pad M1 May Come With Snapdragon 7s Gen 4 Chip and 12,000mAh Battery; Price Tipped
  4. BSNL Announces Silver Jubilee Prepaid Recharge Plan With 2.5GB of Daily Data and More Benefits
  5. Blue Origin Joins SpaceX in Orbital Booster Reuse Era With New Glenn’s Successful Launch and Landing
  6. AI-Assisted Study Finds No Evidence of Liquid Water in Mars’ Seasonal Dark Streaks
  7. Bison OTT Release Date Reportedly Revealed Online: When and Where to Watch it Online?
  8. Kathleen Madigan: The Family Thread OTT Release Date: When and Where to Watch it Online?
  9. All Her Fault Now Streaming on OTT: Know Where to Watch it Online
  10. Fallout Season 2 OTT Release Date: When and Where to Watch it Online?
Gadgets 360 is available in
Follow Us
Download Our Apps
App Store App Store
Available in Hindi
App Store
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.
Trending Products »
Latest Tech News »