Jasper In­fotech Threat­ens Le­gal Ac­tion against GoJavas Par­ent

Jasper wants le­gal no­tice with­drawn ‘within three work­ing days’, says Quick­del’s fail­ure to man­age firm can­not ren­der Jasper or Vul­can re­spon­si­ble

The Economic Times - - Disruption: Startups & Tech - Biswarup.Gooptu@ times­group.com

New Delhi: Jasper In­fotech, which owns and op­er­ates on­line mar­ket­place Snapdeal and lo­gis­tics ven­ture Vul­can Ex­press, has re­sponded to the claims made by Quick­del Lo­gis­tics, which owns lo­gis­tics ven­ture GoJavas, terming them false and ex­tor­tionary.

The le­gal no­tice, sent through Jasper In­fotech’s coun­sel, Shri Singh, and which has been re­viewed by ET, was sent to Quick­del Lo­gis­tics on Oc­to­ber 28, and states that the al­le­ga­tions made by the par­ent en­tity of GoJavas have been made “with the aim to fraud­u­lently co­erce and ex­tort monies from Jasper In­fotech”. Jasper In­fotech has asked Quick­del to with­draw its le­gal no­tice dated Oc­to­ber 4 “within three work­ing days, fail­ing which it will take all nec­es­sary steps to ini­ti­ate all avail­able civil and crim­i­nal reme­dies against Quick­del and its se­nior man­age­ment”.

“Quick­del’s fail­ure to suc­cess­fully man­age a com­pany can­not ren­der Jasper and or Vul­can or its of­fi­cials re­spon­si­ble for such mis­man­age­ment,” the no­tice stated.

Quick­del Lo­gis­tics was pur­chased by Anand Rai in March ear­lier this year, af­ter he ac­quired the 49% stake held by Jasper In­fotech in the com­pany, for an undis­closed sum, but a trans­ac­tion which is widely per­ceived to be a fire sale. Gur­gaon­head­quar­tered Jasper In­fotech had in­vested about .₹ 300 crore in GoJa- vas, and even con­sid­ered ac­quir­ing it, be­fore pulling the plug, and build­ing out its own in-house lo­gis­tics arm, Vul­can Ex­press. Rai, how­ever, last month, had sent a le­gal no­tice to Jasper In­fotech, ask­ing for a com­pen­sa­tion of .₹ 300 crore, al­leg- ing crim­i­nal breach of trust and mis­ap­pro­pri­a­tion of funds, among other charges, by the SoftBank Group-backed on­line mar­ket­place. Jasper In­fotech spokesper­sons did not re­spond to queries sent by ET, ask­ing for greater clar­i­fi­ca­tions, at

Anand Rai said he was yet to re­ceive a copy of the no­tice sent by Jasper In­fotech, but said he would not with­draw com­plaint the time of go­ing to press. Rai said he was yet to re­ceive a copy of the no­tice sent by Jasper In­fotech, but said that he would not with­draw the com­plaint against Jasper In­fotech and oth­ers.

“There’s no ques­tion of do­ing that...We have all the proof, and have in­cluded all of that in the com­plaint filed last week,” Rai said. Rai, who has threat­ened to drag Jasper In­fotech and its pro­mot­ers, Ku­nal Bahl and Ro­hit Bansal, to court, had pre­vi­ously said that he was also open to an out-of-court set­tle­ment.

“All op­tions are open...We will def­i­nitely go (to court). We are not go­ing to set­tle,” Rai said.

Jasper In­fotech’s le­gal no­tice also states that Rai and Quick­del Lo­gis­tics are at­tempt­ing to de­flect at­ten- tion from the on­go­ing crim­i­nal in­ves­ti­ga­tion against the founder di­rec­tors of Quick­del, which in­cludes Praveen Sinha, a co­founder of Jabong, Ab­hi­jeet Singh and Ashish Chaud­hary. “The present set of al­le­ga­tions in your no­tice dated Oc­to­ber 4, 2017, is an at­tempt to de­flect the on­go­ing in­ves­ti­ga­tion and re­flects the vac­il­lat­ing stand of your client,” it states. The de­vel­op­ments come about four months af­ter Jasper In­fotech reg­is­tered an FIR with the Eco­nomic Of­fences Wing of Delhi Po­lice against for­mer se­nior ex­ec­u­tives of Quick­del Lo­gis­tics in June ear­lier this year. The com­plaint was reg­is­tered in the midst of its on­go­ing talks of be­ing ac­quired by ri­val ecom­merce firm Flip­kart.

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