>>
Home / Knowledge / News / Apparel/Garments / India's Future Group to acquire Snapdeal's logistics arm
India's Future Group to acquire Snapdeal's logistics arm
01
Feb '18
Kishore Biyani-owned Future Group’s Future Supply Chain Solutions will acquire Snapdeal’s logistics arm Vulcan Express Pvt Ltd in an all-cash deal valued at Rs 35 crore, the company has announced. The group plans to boost its last mile capabilities and offer better solutions to its e-commerce and retail clients through Vulcan, Biyani said in a statement.

Snapdeal is divesting off a non-strategic asset, allowing it to focus its capital and management on its core e-commerce business, said the company’s chief strategy and investment officer Jason Kothari. Future Group gains high-quality pan-India end-to-end e-commerce logistics capabilities, and Vulcan secures a great new home for its business, Indian media reports quoted him as saying.

Future Retail executed a share purchase agreement with Shoppers Stop last October for its Rs-655-crore acquisition of Hypercity Retail in a stock-and-cash deal. It will fully acquire Travel News Services India in a Rs 100-crore deal, it announced recently.

Formed in 2014, Vulcan provides end-to-end logistics services pan-India and services 2,000 pin codes in 100 cities. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 26th Jan 2022

Vietnam-US trade hits $111.56 bn in 2021

Vietnam-US trade hit $111.56 billion in 2021, up by nearly $21...

Pic: Shutterstock

Textiles | On 26th Jan 2022

Turkey using less coal, hydropower; use of renewables, gas up: Ember

The use of coal and water for energy in Turkey reduced in 2021, while ...

Pic: Bangladesh Parliament Secretariat/Facebook

Apparel/Garments | On 26th Jan 2022

Trade Organisation Bill, 2022, introduced in Bangladesh parliament

The Trade Organisation Bill, 2022, aimed at allowing foreign traders...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Textile Industry, Head honchos

Textile Industry
Head honchos

Hopeful that issue will be resolved by first half of 2022

Aashumi Mahajan,

Aashumi Mahajan

The Luxe Maison is a premiere haute couture e-boutique established after...

Ritu Oberoi,

Ritu Oberoi

Established in 2018, Forsarees is a socially driven business enterprise,...

Zayed Moyeen,

Zayed Moyeen

Far East Knitting and Dyeing Industries LTD (FEKDIL) was established in...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Ritu Kumar, Label - Ritu Kumar

Ritu Kumar
Label - Ritu Kumar

<b>Ritu Kumar</b> is the most respected designerwear brand in India...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Sportmaster Ltd.
PVH Corporation
Lacoste (Wanchai)
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Arvind Limited
Gokaldas Exports Limited
LC Waikiki
Restoque S.A.
THE BOMBAY DYEING ;& MFG.CO. LTD
Bluestem Global Sourcing Limited
IKEA of Sweden AB
Lululemon Athletica Inc
MAS Active / MAS Kreeda / MAS Bodyline
IDH – The Sustainable Trade Initiative
BIMBA ;& LOLA SL
Hirdaramani International Export Private Limited
Maceton Limited
OVS Hong Kong Sourcing Ltd.
Aramark Uniform ;& Career Apparel, LLC
Lenzing Aktiengesellschaft
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Gloria Jeans
Splash
Sportswear Company Spa
Aquarelle Clothing Limited
Varner AS Retail
Lisa S.P.A.
Alison Hayes Romania
Puma
C;&A Sourcing International Ltd
Tory Burch Hong Kong Ltd
Lifestyle
Reiter India Private Limited
Cat Tuong Real Estate Group Joint Stock Company
The Top Form Brassiere Manufacturing Company Limited
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Decathlon
SHAHI Exports Pvt Ltd
Helly Hansen Far East Ltd
Groz-Beckert East Asia LLP
Brandix Lanka Limited
Guess Europe Sagl,
Gap International Sourcing Limited
Tchibo GmbH
Green Fibre
Esprit Europe Services GmbH
T.T. Limited
Permoda(Koaj/Armi/Pronto/Bkul)
John Varvatos
Target Corporation (MN)
The LYCRA Company Singapore  Pte. Ltd
International Textile Manufacturers Federation
Truetzschler India Private Limited
Boardriders Asia Sourcing Limited
Vardhman Textile Ltd
Etam Group Strategy Hong Kong Limited
Huntsman (Singapore) Pte Ltd
Walmart
Gatsby Africa
Under Armour Global Sourcing Ltd
Grasim Industries Limited
Midas Clothing Limited
Abit
Desigual - ABASIC, S.A.
Alix Partners
SYNERGIES HONG KONG LIMITED
Seasalt Limited
KIABI
KAS Direct Sourcing
Vianney Textil Hogar S.A. De C.V.
Benetton Group
Rosset ;& Cia Limited
TESCO INTERNATIONAL SOURCING LIMITED
Sainsbury's Argos Asia Limited
Eastman Chemical Company
J ;& P Coats
Asos
Calvin Klein
Hela Clothing Pvt Ltd
Recron Polyester from Reliance Industries Limited
NITI Aayog
BIANCA
Tommy Hilfiger
Landmark Group
Phong Phu international JSC (PPJ)
H;&M Hennes ;& Mauritz (Far East) Ltd
Chico’ FAS
Sateri (Jiujiang) Fiber Co.,Ltd
Page Industries Limited (Bangalore)
Amazon China

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search