VC-backed Snapdeal buys stake in logistics platform
Jasper Infotech, the VC-backed enterprise behind Indian online marketplace Snapdeal, has bought a 20% stake in QuickDel Logistics, operator of e-commerce logistics platform Gojavas.
According to LiveMint, Snapdeal paid INR1.2 billion ($20 million) for the stake, valuing the business at INR6 billion. GoJavas was once part of Jabong, a lifestyle e-commerce site backed by Rocket Internet,...
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