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Vulcan Express Secures $5.68 Mn Amid Snapdeal Negotiations

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Vulcan Express,Snapdeal Negotiations,TVS Logistics Services,Flipkart and Snapdeal News,FreeCharge,Vulcan Express Latest News,Startup Stories,Inspirational Stories,2017 Latest Business News

The logistics arm of Snapdeal, Vulcan Express has secured a $ 5.68 million investment from parent company Jasper Infotech in June this year. This round of investment happened while Flipkart and Snapdeal were negotiating the terms of an acquisition.

The sum was raised for Vulcan Express by allocating 3.65 crores equity shares at Rs. 10 face value. Vulcan Express also increased its total authorized capital share to $ 31 million, in a board meeting held on June 12, to meet its funding requirement. The company had raised its capital share from Rs. 1.12 crores to Rs. 42 crores in April this year, by creating 40,880,000 equity shares of Rs. 10 each. This time around share capital was increased from Rs. 42 crores to Rs. 200 crores, leading to a 200x rise in a span of 3 months.

Last week, Snapdeal successfully sold its online digital payments firm FreeCharge to private lending firm Axis Bank in an all cash deal for Rs. 385 crores. According to reports, Jasper Infotech is looking to sell Vulcan Express for at least $ 15.5 million. VCCircle reported, according to some sources, the Vulcan Express sale may also fetch the company up to $ 31. 2 million, which is expected to take place in the next 30 to 40 days.

The company, founded in 2013, offers end to end logistics and supply chain solutions for retail companies. They currently operate in more than 100 cities and offer a range of services including pickup, consolidation and fulfillment operations, warehousing solutions, intercity movement and last mile delivery.

Vulcan Express used to handle more than 55% of Snapdeal’s deliveries and posted a huge jump in net revenue, Rs. 184 crores in the financial year 2016, up from Rs. 26.7 crores in the previous year. They have acquired over 1 million square feet of warehouse space over the past four years and reportedly handle up to 250,000 daily shipments. In the past month, Jasper Infotech has also been in talks with TVS Logistics Services, PE firm Peepul Capital and supply chain firm Gati for a possible sale of the logistics company. Post the collapse of the Flipkart and Snapdeal merger, the survival of Snapdeal as an independent company depends upon the sale of its assets.

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New Instagram Features Let Users Customize Profiles and Share Quietly

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Instagram Grid

Instagram is rolling out two major features in June 2025 that promise to give users unprecedented creative control and privacy: grid rearranging and silent posting. The long-awaited grid rearranging tool allows users to freely drag and drop posts anywhere on their profile grid, breaking away from the traditional chronological order. This means users can now curate their profiles for a more visually appealing or thematic presentation, without the hassle of deleting and reposting content—an update especially welcomed by brands, creators, and anyone meticulous about their digital aesthetic.


In tandem, Instagram is introducing the “Post quietly to profile” feature, which lets users add photos and videos to their grid without notifying followers or pushing the content to their feeds. This silent posting option is ideal for those who want to document moments privately, experiment with new content, or maintain a cohesive grid without spamming their audience. It’s designed to reduce the pressure of public sharing, making Instagram a more comfortable space for personal expression and experimentation.

 

These updates reflect Instagram’s commitment to user empowerment and flexibility, responding directly to years of feedback. As Instagram head Adam Mosseri stated, the goal is to help users “create and share without added pressure,” giving them more freedom over how their content appears and how they engage with their audience.

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Zepto Delays IPO to Focus on Profitability and Indian Ownership

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Zepto - StartupStories

Overview

Zepto, a leading quick commerce startup, has postponed its planned IPO to early 2026, shifting its focus to achieving profitability and increasing Indian shareholding before going public.

Key Reasons for Delay

  • Profitability Focus: Zepto aims to reach EBITDA break-even before listing, unlike many tech firms that went public while still loss-making.
  • Market Uncertainty: Ongoing global and domestic market volatility influenced the decision to wait for more stable conditions.
  • Peer Comparison: The company wants to present a stronger profit profile, learning from the performance of rivals like Swiggy and Zomato (now Eternal).

Boosting Domestic Shareholding

  • Target: Zepto plans to raise Indian ownership to at least 51% to comply with FDI norms and reinforce its Indian identity.
  • Actions: The company is conducting secondary share sales to Indian investors and founders are increasing their stakes by buying from foreign investors.
  • Progress: Domestic ownership has reached about 40-44%, with expectations to surpass 51% before the IPO.

Financial and Operational Updates

  • Efficiency Drive: Zepto is optimizing operations, running over 900 dark stores and offering 48,000 SKUs, to reduce cash burn and move toward profitability.
  • Challenges: The company faces stiff competition from Swiggy Instamart and Blinkit, leading to higher costs, and has dealt with operational pauses and regulatory scrutiny in some regions.

Outlook

Zepto remains positive about its future, aiming to raise around $800 million in its IPO and attract both domestic and international investors. CEO Aadit Palicha emphasizes building a sustainable, majority Indian-owned business before entering the public market.

Summary: Zepto’s IPO delay reflects a strategic focus on financial stability and regulatory compliance, with profitability and Indian ownership at the forefront.

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Polygon Enters New Era: Leadership Shift and Major Upgrades Under Sandeep Nailwal

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Polygon StartupStories

Sandeep Nailwal, co-founder of Polygon, has been appointed as the first CEO of the Polygon Foundation, marking a shift from decentralized governance to focused leadership. This change aims to provide clear direction and accelerate Polygon’s growth in the competitive blockchain space.

Under Nailwal’s leadership, Polygon will discontinue its zkEVM network in 2026 to concentrate on the Polygon PoS chain and AggLayer, a new cross-chain liquidity protocol. Significant upgrades to the Polygon PoS chain are planned, starting with the Bhilai upgrade in July 2025, to enhance transaction capacity and support large-scale financial applications.

Polygon enters this new phase with a strong financial position, enabling long-term development without fundraising pressures. While Nailwal leads the Foundation, Marc Boiron continues as CEO of Polygon Labs. This leadership restructuring aims to drive innovation and reinforce Polygon’s position in Ethereum scaling and the Web3 ecosystem.

 

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