Snapdeal sells lo­gis­tics arm to Fu­ture Group

Maritime Gateway - - News -

Snapdeal’s par­ent Jasper In­fotech has sold its lo­gis­tics arm Vul­can Ex­press to Fu­ture Group’s supply chain so­lu­tions sub­sidiary for `35 crore. The ac­qui­si­tion will help Fu­ture Group to boost its last-mile ca­pa­bil­i­ties for its e-com­merce and re­tail busi­ness. This trans­ac­tion will also help Fu­ture Group to work on its new vi­sion of Re­tail 3.0, where the group plans to up its e-com­merce game.

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