Snapdeal to Invest $200 Million to Improve Delivery Network

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