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News

Snapdeal to invest USD 200 mln to improve deliveries

Wednesday 18 March 2015 10:06 CET | News

Ecommerce company Snapdeal will invest around USD 200 million to strengthen its delivery network in the next financial year.

Rohit Bansal, co-founder of Snapdeal, has claimed that the SoftBank-backed company had invested in a minority stake in logistics company GoJavas, reuters.com reports.

In recent news, Snapdeal has been negotiating the terms of a USD 1 billion fund raise from Alibaba Group.


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Keywords: Snapdeal, ecommerce, online sales, e-payments, delivery, logistics, consumers, customer
Categories: Payments & Commerce
Companies:
Countries: World
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