Future buys Snapdeal’s logistics co

“Jasper Infotech, which also owns Snapdeal... 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 35 crore,” a Future Group 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, Future Group. Future Group operates over 22 million square feet of retail space in 255 cities pan-India.