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. Xiaomi 17 Ultra vs Samsung Galaxy S26 Ultra: Price in India, Specs Compared
  2. Xiaomi 17 Ultra vs iPhone 17 Pro Max: Price, Key Features Compared
#Latest Stories
  1. NASA Tests Solar-Powered System to Extract Oxygen from Lunar Soil
  2. Black Phone 2 Now Streaming on JioHotstar: Everything You Need to Know
  3. Hello Bachhon OTT Release Date: When and Where to Watch This Thriller Online?
  4. Mad For Each Other OTT Release: Know Everything About This Upcoming Couple Reality Show
  5. Sri Chidambaram Garu Now Streaming Online: What You Need to Know
  6. The Bluff Now Available for Streaming Online: What You Need to Know About Priyanka Chopra Jonas Starrer Online?
  7. 3 Roses Season 2 Now Available for Streaming Online: What You Need to Know About Cast, Plot, and Where to Watch
  8. Vanaveera Now Streaming on Prime Video: Know Everything About This Telugu Action-Drama Online
  9. Xiaomi Pad 8 Launched Globally With 11.2-inch LCD Screen, Snapdragon 8s Gen 4 Chip: Price, Specifications
  10. Xiaomi 17 Ultra Launched Globally With 200-Megapixel Persicope Camera Alongside Xiaomi 17: Price, Specifications
Gadgets 360 is available in
Follow Us
Download Our Apps
App Store App Store
Available in Hindi
App Store
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.
Trending Products »
Latest Tech News »