Jasper Infotech, which runs the online marketplace Snapdeal.com, has acquired a 20% stake in logistics firm GoJavas for 120 crore to strengthen their supply chain infrastructure..AZB & Partners acted for Snapdeal with a team led by Bangalore Partner Srinath Dasari along with Senior Associate Nanditha Gopal..GoJavas, which covers over 2,500 PIN codes in the country in terms of last mile delivery presence, was advised by its in-house team..This deal gives Snapdeal a strategic partnership given that it doesn’t have a captive delivery arm and relies on third-party logistics, reports VCCircle..Follow Bar and Bench channel on WhatsAppDownload the Bar and Bench Mobile app for instant access to the latest legal news.
