• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, May 17, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Future Group in talks to buy Snapdeal’s Logistics Unit Vulcan Express for $7.8 million

by Apoorv Anupam
January 3, 2018
in News
Reading Time: 1 min read
0
Future Group
TwitterWhatsappLinkedin

Future Group

You might also like

Global AI Race: UAE Invests Big in New Campus, with Trump’s Endorsement

Turkey’s Celebi Takes Legal Aim at India Over Security Clearance Cancellation Amid Pakistan Tensions

TikTok Faces EU Charges Over Breach of Content Transparency Laws

03 January 2017, India:

Kishore Biyani led Future Group is reportedly in talks to buy online retail platform Snapdeal’s logistics unit Vulcan Express for ₹50 crore ($7.8 million) an an all-cash deal.

The deal is expected to close in the next few weeks. The deal may include the transfer of Vulcan’s workforce to the Future Group as part of the deal. A source told ET, “Future Group is keen on the deal as this will add more muscle to the retail giant’s own third-party logistics operations.”

This deal will also benefit Snapdeal which is looking to shed its non-core assets in a bid to survive in the Indian e-Commerce that includes giants like Flipkart and Amazon.

Vulcan Express was launched in 2013. It offers end-to end logistics and supply chain solutions to retail companies. It operates in over 100 cities through its distribution network. Currently the logistics firm handles over 250k daily deliveries. According to reports, the logistics firm has acquired more than 1 million square feet of warehouse space.

Future Group has its own third-party logistics service provider Future Supply Chain Solutions Ltd (FSCSL). FSCSL offers automated and IT-enabled warehousing, distribution and other logistics solutions. A couple of weeks of back, FSCSL raised ₹650 crore by listing on the stock exchange. The company gets about 63% of its revenue from group entities.

(Image – Deccan Chronicle)

Tags: acquireBuyFSCSLFuture GroupSnapdealVulcan Group
Tweet54SendShare15
Previous Post

Flipkart infuses 1,632.81 crore in its logistics arm eKart

Next Post

Ess Kay Fincorp raises $32 million from Norwest, others

Apoorv Anupam

https://in.linkedin.com/in/apoorv-anupam www.twitter.com/apoorvanupam

Recommended For You

Global AI Race: UAE Invests Big in New Campus, with Trump’s Endorsement

by Sneha Singh
May 17, 2025
0
Global AI Race: UAE Invests Big in New Campus, with Trump's Endorsement

UAE will construct the largest artificial intelligence campus outside of the US following the sealing of a historic deal during Donald Trump's recent Middle East visit. The Abu...

Read more

Turkey’s Celebi Takes Legal Aim at India Over Security Clearance Cancellation Amid Pakistan Tensions

by Anochie Esther
May 17, 2025
0
Çelebi Aviation

In a rapidly escalating diplomatic and corporate standoff, Turkish aviation services company Çelebi Aviation has filed a legal challenge against the Indian government’s decision to revoke its security...

Read more

TikTok Faces EU Charges Over Breach of Content Transparency Laws

by Anochie Esther
May 17, 2025
0
Tiktok

TikTok, one of the world’s most popular social media platforms, is under intense scrutiny in Europe after being formally charged by EU regulators with breaching key online content...

Read more
Next Post
Ess Kay Fincorp

Ess Kay Fincorp raises $32 million from Norwest, others

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?