Snapdeal to Acquire GoJavas for Rs 200 Crore: Report
New Delhi: Online marketplace major Snapdeal is in talks to acquire logistics firm GoJavas in a deal estimated to be worth about Rs 150-200 crore, as it looks to further strengthen its delivery operations in the country, according to sources.
Snapdeal is expected to announce the acquisition of the former logistics arm of e-tailer Jabong in the next two weeks, sources said.
The deal size could range between Rs 150 and Rs 200 crore, they added.
When contacted, a Snapdeal spokesperson said, "These are speculations and as a policy, we do not comment on speculations."
GoJavas did not respond to the email query.
GoJavas, which works with e-commerce firms like HealthKart, Jabong, Yepme and Lenskart, covers over 2,500 pin codes in the country.
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.
The city-based e-commerce firm, which raised about $1 billion last year including $627 million from Japan's SoftBank, has been scouting for acquisitions in mobile technology and supply chain space.
Snapdeal co-founder Kunal Bahl had indicated that the target companies would be across sizes, ranging from less than $1 million (about Rs 62 lakh) to $100 million.
The company has invested in setting up fulfilment centres to smoothen its delivery operations.
Currently, it has 50 such centres across 20 cities and plans to expand this to 75 in 30 cities in the next few months.
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 investment into the company.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
