Snapdeal Invests $20mn In GoJavas, Ups Its Stake To 42%October 7, 2015 2015-10-07 16:12
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.