Snapdeal to acquire Jabong's former logistics arm GoJavas

<div dir="ltr" style="text-align: left;" trbidi="on"> <div class="hub-caption"> <h3 class="satory-h3"> </h3> </div> <img class="storyimg_mar10" height="266" src="http://media2.intoday.in/indiatoday/images/stories/snapdeal_650_031615064231.jpg" width="400" /> <br /> <div class="hub-caption"> <br /> Online marketplace major Snapdeal is in talks to acquire logistics firm GoJavas in a deal estimated to be about <span class="rupee">Rs.</span>150-200 crore, as it looks to further strengthen its delivery operations in the country.<br /> <br /> According to sources, Snapdeal is expected to announce the acquisition of the former logistics arm of e-tailer Jabong in the next two weeks.<br /> <br /> The deal size could range between <span class="rupee">Rs.</span>150-200 crore, they added.<br /> When contacted, a Snapdeal spokesperson said: "These are speculations and as a policy, we do not comment on speculations."<br /> <br /> <script async="" src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script> <!-- softitech_sidebar-bawah1_AdSense1_500x350_as --> <br /> <ins class="adsbygoogle" data-ad-client="ca-pub-1586787011300843" data-ad-slot="2065645016" style="display: inline-block; height: 250px; width: 300px;"></ins><script> (adsbygoogle = window.adsbygoogle || []).push({}); </script> GoJavas did not respond to the email query. GoJavas, which works with eCommerce firms like HealthKart, Jabong, Yepme and Lenskart, covers over 2,500 pincodes in the country.<br /> <br /> 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.<br /> <br /> The City-based e-commerce firm, which raised about USD 1 billion last year, including USD 627 million from Japan's SoftBank, has been scouting for acquisitions in mobile technology and supply chain space.<br /> <br /> Snapdeal co-founder Kunal Bahl had indicated that the target companies would be across sizes, ranging from less than USD 1 million (about <span class="rupee">Rs.</span>62 lakh) to USD 100 million.<br /> <br /> The company has invested in setting up fulfilment centres to smoothen its delivery operations.<br /> Currently, it has 50 such centres across 20 cities and plans to expand this to 75 in 30 cities in the next few months.<br /> <br /> <script async="" src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script> <!-- softitech_sidebar-bawah1_AdSense1_300x250_as --> <br /> <ins class="adsbygoogle" data-ad-client="ca-pub-1586787011300843" data-ad-slot="2065645016" style="display: inline-block; height: 250px; width: 300px;"></ins><script> (adsbygoogle = window.adsbygoogle || []).push({}); </script> Snapdeal counts global eCommerce giant eBay, Temasek, Myriad, Tybourne, Blackrock Inc and Premji Invest among its investors. Tata Sons Chairman Emeritus Ratan Tata also made a personal </div> </div>

Snapdeal to acquire Jabong's former logistics arm GoJavas

Online marketplace major Snapdeal is in talks to acquire logistics firm GoJavas in a deal estimated to be about Rs. 150-200...

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