Snapdeal, India’s second largest e-commerce firm, said it will invest $200 million to build a strong ecosystem for small and medium businesses as it seeks to host 1 million sellers on its platform in the next three years.
A large part of this investment will go towards strengthening Snapdeal’s supply chain services, such as warehousing, logistics, training sellers and assisting them with capital, Vishal Chadha, senior vice-president, market development, said on Sunday. The company did not disclose whether this would mean more investments could go into its channel partners such as Gojavas, which helps Snapdeal with last-mile delivery.
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