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Snapdeal To Buy Logistics Firm Gojavas For Rs 200 Cr

Published: 17th March 2015 06:00 AM  |   Last Updated: 17th March 2015 03:50 AM   |  A+A-

NEW DELHI: Snapdeal is reportedly in talks to acquire logistics firm GoJavas in a deal estimated at about Rs 150-200 crore. The deal, if fructified, will help the homegrown e-commerce major, to strengthen its delivery operations. GoJavas, which works with e-commerce firms like HealthKart, Jabong, Yepme and Lenskart, covers over 2,500 pincodes in the country. Founded in 2010, Snapdeal has over 25 million registered users and more than 50,000 business sellers. Currently, it does not have a captive delivery arm and relies on third-party logistics. It has set up fulfilment centres to smoothen its delivery operations. Currently, it has 50 such centres spanning 20 cities and plans to expand this to 75 in cities in the next few months. Snapdeal raised about $1 billion last year, and has been looking for potential acquisitions in areas such as mobile technologies and supply chain management space. According to Snapdeal co-founder Kunal Bahl, the target companies would be across sizes, ranging from less than $1 million to $100 million.

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