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Snapdeal to invest up to $200 million on logistics in next 1 year

Industry E-commerce

Snapdeal will invest $150-200 million in the next one year on logistics. The key to the logistics play would be quality of service, timeliness of delivery and cost. Besides, Snapdeal has been scouting for acquisitions in mobile technology and supply chain space. It has invested in setting up fulfillment centres to smoothen its delivery operations. At present, it has 50 such centres across 20 cities and plans to expand this to 75 in 30 cities over the next few months.

Extracted from BS, Mar 17,’15

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