Snapdeal to in­vest $200m in lo­gis­tics and SC

Cargo Talk - - News -

In­dia-based eCom­merce com­pany Snapdeal is plan­ning to in­vest around $200 mil­lion in bol­ster­ing its sup­ply chain ser­vices in­clud­ing ware­hous­ing, lo­gis­tics and train­ing and sale as­sis­tance. The com­pany aims to host around 1 mil­lion sellers over the next three years.

In March, Snapdeal had ac­quired a 20 per cent stake in Go­javas that helps it with last-mile de­liv­ery. Fol­low­ing the ac­qui­si­tion, the com­pany had com­mit­ted to in­vest be­tween $150 and $200 mil­lion over the next one year in lo­gis­tics and sup­ply chain.

While Snapdeal al­ready has 1 mil­lion sqft of ware­hous­ing space, it also plans to add around 2 mil­lion square feet within the next two years. Vishal Chadha, Se­nior Vice Pres­i­dent – Mar­ket De­vel­op­ment says, “This is to help sellers with the nec­es­sary in­fra­struc­ture and scale their busi­ness. We will con­tinue to work to­wards em­pow­er­ing the coun­try's smaller busi­nesses and help them tap wider op­por­tu­ni­ties and en­cour­age entrepreneurship among them.”

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