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Vulcan Express Gets $ 23.7 Million From Snapdeal

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Logistics Firm Vulcan Express,Snapdeal Latest News,Snapdeal and Vulcan Express,Snapdeal 2.0 strategy,Snapdeal CEO,Startup Stories,2017 Latest Business News

Vulcan express, the logistics arm of ecommerce startup Snapdeal,  has received a fresh funding of $ 23.7 million from the parent company. Registrar of Companies filings revealed the company raised the capital by allocating 15.24 crores of equity shares at Rs. 10 apiece to Jasper Infotech Pvt., Ltd., which operates Snapdeal.

While Snapdeal and Vulcan Express have not commented on the investment, the filings show the capital was allocated on 7 August 2017. This funding round comes amid reports of the ecommerce firm trying to sell off its logistics arm. VCCircle reported, Vulcan Express received an additional $5.68 million from Jasper Infotech Pvt., Ltd., in June this year.

Homegrown ecommerce startup Snapdeal recently ended merger talks with rival ecommerce giant Flipkart last month as a part of their Snapdeal 2.0 strategy. Last month, Axis Bank, which is India’s third largest private sector bank acquired Snapdeal’s digital payments arm FreeCharge for $ 60 million. This acquisition gave the ecommerce startup a chance to remain independent. While reports suggested Snapdeal was also looking to off load its order fulfillment arm Unicommerce, Chief Executive Officer Kapil Makhija dismissed all rumors claiming the firm’s operations to be profitable and looking to expand.

Vulcan Express posted a revenue of Rs. 184 crores for the financial year 2016, which was a huge jump from the net revenue of Rs. 26. 7 crores for the financial year 2015. However, the company reported a  Rs. 20 crores loss for the financial year 2016, up from Rs. 3.2 crores in 2015. Snapdeal was also said to be in talks with TVS Logistics, Gati and Peepul Capital to sell Vulcan Express in an estimated Rs. 90 crores to Rs. 120 crores deal.

Vulcan Express was launched in 2013 by Snapdeal after it failed to acquire GoJavas, a logistics firm in which the company had a 42% stake. Vulcan Express, which offers end to end logistics and supply chain solutions, used to handle more than 55% of Snapdeal’s deliveries. They acquired over 1 million square feet of warehouse space over the past four years and handled up to 250,000 shipments daily.

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Imarticus Learning Acquires MyCaptain for INR 50 Crore to Boost Non-Tech Upskilling

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My Captain

Imarticus Learning, an IPO-bound professional education firm, has acquired Bengaluru-based edtech platform MyCaptain for INR 50 crore in a cash-and-stock deal. This marks Imarticus’s fourth acquisition in four years and is aimed at expanding its presence in non-tech career training, especially across India’s Tier-II and Tier-III cities. MyCaptain, which has over 500,000 learners and a revenue of ₹27 crore for FY25, specializes in creative and entrepreneurial fields, with 60% of its users from smaller cities.

 

With this acquisition, Imarticus will bring MyCaptain’s employability bootcamps in digital marketing, design, and content to its 20+ classroom centers in 16 cities, blending online and offline learning. MyCaptain will operate as a fully-owned subsidiary, and all 250 of its employees will join Imarticus, expanding the combined workforce to over 850. The move supports Imarticus’s goal to reach five million learners by FY28 and deepen its offerings in non-tech domains.

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Ex-100X.VC Partners Launch 247VC, Announce INR 250 Crore Fund for Seed-Stage Startups

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StartupStories

Former 100X.VC partners Yagnesh Sanghrajka and Shashank Randev have launched a new venture capital firm, 247VC, unveiling a maiden fund with a target corpus of INR 250 crore (about $30 million). The SEBI-registered Category II AIF includes a base of INR 200 crore and a INR 50 crore greenshoe option, and is focused on backing 30 seed-stage startups across India over the next three years.

 

247VC will target high-potential founders in sectors like deeptech, enterprise tech, consumption, and Industry 5.0, with initial cheque sizes ranging from INR 3 crore to INR 4 crore and follow-on capital for top-performing companies. The fund has attracted prominent early backers, including Sachin Tagra (JSW Ventures), Vivek Mathur (ex-Elevation Capital), and Shailendra Majmundar (Johns Hopkins University).

Sanghrajka and Randev, who together have invested in over 200 startups previously, aim to support ambitious founders building for scale and innovation, especially in emerging and underexplored markets. The launch comes as seed-stage investing gains momentum in India, with average cheque sizes rising despite a cautious funding environment.

 

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Flam Secures $14M Series A to Revolutionize Mixed Reality Marketing with AI

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AI infrastructure startup Flam has raised $14 million in a Series A round led by RTP Global, with participation from Dovetail and existing investors, bringing its total funding to $22 million. Founded in 2021, Flam enables brands to create and deliver high-fidelity mixed reality (MR) and generative AI experiences without the need for app downloads, allowing consumers to access immersive content via QR codes or links in under 300 milliseconds.

Flam’s platform is already used by over 100 global brands-including Google, Samsung, and Netflix-reaching more than 380 million users. The new funding will accelerate product innovation, expand operations in North America, Europe, and Asia, and launch a full-stack enterprise suite for MR and GenAI-driven marketing. The company currently has over 120 employees and plans to grow to 180 by the end of 2025, aiming to transform every brand touchpoint into an interactive digital experience.

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