E-commerce fundamental Snapdeal has pumped in $three hundred million (about Rs. 1,990 crores) over the last 18 months to reinforce its supply chain and logistics and facilitate the growth in shipment volumes.
The city-based totally company has visible 1.9 instances growth in cargo volumes from 1.29 lakh every day shipments remaining year to 2.5 lakh this 12 months.
“we’ve got visible a large boom of 1.9 instances in cargo volumes. this is because of growth in collection on Snapdeal from 12 million to 35 million over the 12 months. we’ve got also increased our seller base which helped boom shipments,” Snapdeal chief consumer enjoy Officer Jayant Sood instructed PTI.
He introduced that reports via p.c and RedSeer Consulting suggest that Snapdeal’s promised shipping time is the shortest across India.
“The range of dealers on our platform has increased 3 fold from 1,00,000 at the beginning of 2015 to more than 3,00,000 in 2016… we’ve invested $300 million toward logistics and customer experience,” he said.
He introduced that the organisation has 2 million sq.feet of warehousing area throughout 63 websites and 45 towns.
Sood stated the vendor growth has additionally led to a large boom in the products available on its platform.
“not like other competing marketplaces, that have their own sellers below various arrangements, we haven’t any such conflicting pastimes. This makes Snapdeal more appealing for dealers,” he said.
He said the organisation has seen 60 percentage month-on-month growth in FMCG sales, whilst the books class grew by means of 300 percent. also, there is a strong increase in uptake in the domestic decor class.
“This combination of expansion of high frequency classes drives excessive repeat usage, that is enabled by way of reliable enjoy each time,” he added.
except, sharp consciousness on repeat users and initiatives like equal day refunds is supporting Snapdeal “chart a distinct route”, he said.