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Snapdeal to acquire GoJavas for Rs.200 crore

Industry Human Resource

Snapdeal which has 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. Further, Snapdeal is in talks to acquire logistics firm GoJavas in a deal estimated to be about Rs.150-200 crore. Snapdeal is also expected to announce the acquisition of the former logistics arm of e-tailer Jabong in the next two weeks.

Extracted from The Hindu, Mar 16,’15

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