India-based logistics provider GoJavas has received $20m in equity funding from e-commerce company Snapdeal, the Times of India reported on Wednesday.
The commitment follows a $19.1m investment by Snapdeal in GoJavas in March this year, through which it acquired a 20% stake.
The two companies have been working together since Snapdeal’s initial investment, as it seeks to establish a last-mile delivery partner. Snapdeal has invested $100m to build out its logistics and supply chain over the past six months and is expected to inject an additional $200m over the next year.
GoJavas, spun out of e-commerce platform Jabong in 2013, currently operates in 350 Indian cities. It offers a 90-minute reverse pick-up service as well as four-hour delivery services, and enables users to pay by card on delivery.
Rohit Bansal, co-founder of Snapdeal said: “With the freshly infused funds, our aim is to help GoJavas become more successful and further expand their reach. Our teams will continue to work together closely in the future as well.”