Snapdeal Invests $20mn In GoJavas, Ups Its Stake To 42%

Digital India FYI

Snapdeal Invests $20mn In GoJavas, Ups Its Stake To 42%

Snapdeal has made a second round of investment in logistics company, GoJavas.

Snapdeal has invested $20 million of fresh capital – the company had bought initial stakes earlier this year and now is the biggest shareholder in the company with 42% stakes.The money raised by GoJavas will be used in business development and working capital.

Snapdeal recently launched its omni-channel platform, Janus. The Janus platform integrates offline and online retail channels to provide a seamless and differentiated shopping experience to customers. Through this platform, customers shopping on Snapdeal will be able to enjoy the convenience of online discovery and ordering along with faster hyper-local fulfilment.

Omni Channel will allow them to access value added and expert services as a part of their purchase, including demonstration, installation, activation or returns at a store near them.

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