Snapdeal to invest $200m in logistics and SC
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.”