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Future Group acquires Snapdeal's logistic arm Vulcan Express for Rs 350 mn

Future Group operates over 22 million square feet of retail space in 255 cities pan-India

IANS  |  New Delhi 

Future Group introduced quick checkouts around Republic Day sales this year, asking customers to book time slots to avoid long queues

on Friday said it has acquired Jasper Infotech-owned Snapdeal's logistics arm Vulcan Express at Rs 350 million.

"Jasper Infotech, which also owns .. has entered into an agreement with Future Supply Chain Solutions... to sell 100 per cent stake in Vulcan Express Pvt Ltd in an all-cash deal valued at Rs 350 million," a statement said.

Vulcan Express, which services the logistics requirements of Snapdeal, Airtel and UPS, is focused on e-commerce and high-value business-to-business logistics.

"Through Vulcan, we plan to boost our last mile capabilities and also offer state-of-the-art solutions to our e-commerce and retail clients, including realising our disruptive vision of Retail 3.0," said Kishore Biyani, Founder and Chairman,

"Similar to our recent sale of FreeCharge, we believe Snapdeal's sale of Vulcan Express to is a successful deal for all three parties," said Jason Kothari, Chief Strategy and Investment Officer, Snapdeal, who also led the sale of Snapdeal-owned to Axis Bank.

operates over 22 million square feet of retail space in 255 cities pan-India.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Fri, January 26 2018. 14:27 IST
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