The courier firm has acquired a majority stake in Snapdeal-backed courier service GoJavas for an undisclosed sum.
Courier service Pigeon Express has acquired a majority stake in GoJavas, an India-based logistics and supply chain services provider backed by e-commerce company Snapdeal, for an undisclosed amount, Business World has reported.
Spun out of e-commerce company Jabong in 2013, GoJavas provided a reverse collection service for e-commerce customers and last-mile logistics for online retailers, but suspended operations at the start of the month citing technical reasons.
A source told the Economic Times the company had failed to make upwards…
