Snapdeal burn 3.5 billion rupees to build logistics

Absrtact: May 29 News, the Indian electric business Snapdeal plans to further expand its supply chain infrastructure, in the 2015 fiscal year to invest 3.5 billion rupees to consolidate logistics facilities, and hopes to reach 22 billion U.S. dollars in 2018 years of sales. In addition, a few days ago

May 29 News, the Indian electric business Snapdeal plans to further expand its supply chain infrastructure, ready to spend the 2015 fiscal year 3.5 billion Indian rupee to consolidate logistics facilities, and hopes to reach 22 billion U.S. dollars in 2018 years of sales.

In addition, a few days ago Snapdeal also said that the platform will be three times times by March 2015 to expand the seller, to reach the number of 100,000 businesses. Snapdeal also announced in Tuesday that 40 warehousing centres had been established in 15 cities to help current 30,000 sellers cover existing markets.

Snapdeal's co-founder and Coorohit Bansal said the reason for investing in the 3.5 billion Indian rupee to supply chain logistics was to capture more big cities, not only to cover more users, but also to reach more sellers.

Rohit Bansal also said Snapdeal plans to be able to lay 75 storage centers in 30-35 cities in the future. Data show that 60% of Snapdeal's customer demand comes from big cities like Delhi and Mumbai. Snapdeal is also working with financial institutions in the hope that they will be able to offer cheap loans to their sellers to put more money into technology and services.

To boost Snapdeal's services to both sellers and buyers, they also plan to increase investment in technology. It is understood that last month also acquired an online commodity discovery technology platform doozton.com, but did not disclose the specific transaction amount.

Bahl also revealed that Snapdeal future development goal is to become a technology company, they focus on automated shopping. Snapdeal also plans to buy more technology companies, such as mobile payment companies, to strengthen the customer's mobile-side shopping experience. It is understood that the current Snapdeal mobile end volume has reached the total turnover of 50%, is expected to reach 75% next year.

Snapdeal also plans to expand the company's workforce, mainly in the engineering and product sectors, and plans to increase the number from 300 to 600 by the end of 2014.