Gojavas makes a humble beginning
- Gojavas was founded in 2013 as the logistics arm of e-tailer Jabong, to provide "reliable, time-bound logistics and supply-chain" solutions to its business associates.
- Gojavas was started by Vijay Ghadge with a team of 20 people.
- The company became a separate entity in late 2013; however, Jabong still accounted for as many as half of its 1 lakh shipments per day.
Customers all around!
Gojavas caters to around 30,000 consumers in 85 cities everyday.
Gojavas snaps the deal, flips the cart
23 Oct 2014
- Gojavas, the logistics company, clinched Flipkart and Snapdeal as its newest clients.
- According to sources, Gojavas started delivering for Flipkart 3 months and Snapdeal 1 month ago.
- Prior to this, Gojavas was serving online fashion retailer Jabong (former parent) exclusively.
- Sources also revealed that presently, 30-40% of the company's business was coming from outside of Jabong.
Gojavas lets you 'try before you buy'
28 Oct 2014
- Gojavas started a 'try-before-you-buy' programme in the e-retail business.
- Under this scheme, the customers are allowed to try out their product before "accepting or returning it" and the delivery boys wait till they do that.
- However, this service came with a 30-40% premium price and hence the response had been mixed.
- Lenskart was the first to make use of this with Gojavas.
Other 'try-before-you-buy' variants
A similar version of the try-before-you-buy service called Go Open was adopted by Jabong and DonebyNone, which allowed buyers to "open the packets before making payments".
Gojavas to raise $40 million through PE firms
19 Jan 2015
- Gojavas has been allegedly in talks with private equity investors in order to raise approximately $40 million (almost ₹250 crore) in return for a minority stake.
- The company also claimed to be looking to expand its geographical foothold to 200-250 cities in the coming months.
- Moreover, with clients like Fabfurnish, Yepme and Lenskart, the company hopes "to post revenue of ₹80 crore- ₹200 crore."
Gojavas launches 'local commerce' pilot program
25 Jan 2015
- Gojavas rolled out its pilot program that would allow "local delivery services for businesses" such as supermarkets, drug stores, and grocers, enabling customers to give back goods ordered online.
- The new program was termed as 'local commerce' by Gojavas and was doled out in 15 cities to begin with and employed as many as 1500 people.
Snapdeal buys 20% stake in Gojavas
19 Mar 2015
- Snapdeal, the online marketplace obtained a 20% stake for ₹120 crore in Gojavas.
- Gojavas was valued at close to ₹600 crore post the deal.
- This deal is expected to help Snapdeal rope in a long-term comrade for last-mile delivery.
- Snapdeal also divulged plans to invest another $150-200 million but ruled out any buyout in the future.
Snapdeal invests $20 million in Gojavas
8 Oct 2015
- Online retailer Snapdeal put in $20 million (almost Rs 130 crore) in Gurgaon-based Gojavas.
- This is Snapdeal's second round of investment in this logistics start-up.
- Snapdeal described Gojivas as its" best performing last mile logistics partners".
- Snapdeal's investment comes in the wake of it trying to enhance its delivery timelines and has invested almost $100 million in the last 6 months.
Logistics firm Gojavas adds online retailers Flipkart and Snapdeal as clients - timesofindia-economictimes