Startup & Entrepreneurship
Snapdeal announces six new logistics hub across the country
After Amazon announced last week of its largest fulfilment centre in the country in Sonipat, Haryana, the online marketplace and its competitor Snapdeal has now announced the commencement of its six new logistics hub across the NCR region, Lucknow, Hyderabad and Kolkata.
The company said in its announcement, “These centres are designed as integrated facilities which will combine warehousing, quality control and transportation within one complex.”
“They will provide one-touch facility to sellers as all processes from receipt of stocks, quality inspection, preparation for dispatch and return handling will be done for designated orders under one roof,” the company said.
The six new centres are all owned by Vulcan Express, a 100% owned subsidiary of Snapdeal. The investment in these infrastructures will help Snapdeal expand and strengthen its logistics network by adding 1 million so. ft. space, taking the total number of Vulcan owned warehouses to 10.
Jayant Sood, Chief Customer Experience Officer, Snapdeal, said, “Super-fast deliveries are an essential part of the Snapdeal experience. The new warehouses are located in cities where demand is growing exponentially and will allow our sellers to hold inventory closer to their customers.”
“These facilities will help us deliver even faster in a cost-effective manner to these cities and to surrounding areas. Adding more warehousing space under SD+ is a part of our larger commitment to making deep investments in improving infrastructure capabilities in the country,” added Sood.
The company currently has more than 300,000 sellers and over 35 million products across 800 plus categories. It currently delivers goods to more than 6,000 cities and towns in India.
Snapdeal had last raised $200 million (Rs.1,334 crore) in February this year, in a round led by Canada’s Ontario Teachers’ Pension Plan. Venture capital fund Iron Pillar and other investors also participated in the round.
The company has more than 300,000 sellers and over 35 million products across 800 plus categories. It currently delivers goods to more than 6,000 cities and towns in India.