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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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ShareChat Appoints Neha Markanda as CBO

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Sharechat

ShareChat, one of India’s premier social media platforms, has strengthened its leadership by appointing Neha Markanda as Chief Business Officer for both its flagship ShareChat platform and the popular short video app Moj. Markanda, previously Head of Industry, E-commerce at Google India, brings over 22 years of expertise across renowned companies like Meta, GSK Consumer Healthcare, PepsiCo, and ITC. At Google India, she led transformative strategies in e-commerce and health tech, ensuring market growth and technological innovation for global brands. Her proven track record uniquely positions her to drive ShareChat’s revenue strategy, business expansion, and partnerships with advertisers and regional stakeholders.

Markanda’s appointment comes at a pivotal time for ShareChat, which recently achieved profitability and has projected a robust ₹1,200 crore revenue run rate for the year. The platforms boast a combined monthly active user base of more than 325 million, making ShareChat and Moj essential tools for marketers seeking to increase engagement across India’s diverse regions. Markanda’s expertise is expected to further accelerate ShareChat’s business growth, opening doors for brand collaborations and hyper-targeted influencer campaigns, which can connect marketers to local audiences in a culturally relevant manner.

With advanced degrees from the Indian Institute of Foreign Trade and Lady Shri Ram College, Markanda’s leadership is set to reinforce ShareChat’s momentum as India’s go-to platform for marketers and creators looking for trusted, brand-safe environments. Her focus on vernacular content and building robust partnerships will complement ShareChat and Moj’s mission to empower regional creators and deliver authentic engagement. Industry experts have lauded this strategic move, anticipating that Markanda’s vision will help ShareChat and Moj maintain their edge in India’s social media landscape.

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Pune’s SuperGaming Secures $15M to Expand in Emerging Markets

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Super Gaming

SuperGaming, the Pune-based gaming innovator known for hit titles like MaskGun and Indus Battle Royale, has raised $15 million in a Series B funding round, boosting its valuation to an impressive $100 million. This marks a nearly fivefold increase from its 2021 valuation of $21 million, highlighting the company’s rapid growth and the rising investor confidence in India’s booming gaming industry. The funding reflects SuperGaming’s strong market presence and strategic vision to become a global leader in online gaming. 

The funding round was spearheaded by Skycatcher and Steadview Capital, with significant participation from notable international investors including a16z Speedrun, Bandai Namco O21 Fund, Neowiz, and prominent Web3 financiers such as Polygon Ventures and Sandeep Nailwal. Existing backers like AET Japan and BACE Capital also continued their support. SuperGaming aims to utilize this capital infusion to expand its footprint internationally, focusing on emerging markets. A key initiative includes launching its award-winning game, Indus Battle Royale, in Latin America through a partnership with LOUD.GG, alongside rolling out its proprietary SuperPlatform developed with Google Cloud to empower game developers worldwide, especially in resource-constrained regions. 

CEO and Co-Founder Roby John emphasized that this funding milestone is crucial in shifting India from merely a gaming consumer base to a hub for gaming innovation. By adopting a “hyper-local” strategy that tailors games to diverse cultures in underrepresented markets like the Middle East and Latin America, SuperGaming is poised for global growth. With over 200 million installs and an expanding user base, SuperGaming’s recent fundraising solidifies its position at the forefront of India’s gaming revolution, ready to make a major impact on the international stage.

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Swiggy DeskEats: Office Food Delivery Launched in 30 Cities

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Swiggy

Swiggy, India’s leading online food delivery platform, has introduced DeskEats, a unique meal delivery service specifically designed for office-goers and working professionals across 30 major cities. DeskEats aims to streamline office dining by offering a diverse, office-friendly menu, making it easier than ever for corporate employees to enjoy convenient and delicious meals right at their workplace. By simply typing “Office” or “Work” in the Swiggy app, users can unlock curated collections like Value Combos, Stress Munchies, Healthy Nibbles, and Teamwork Bites, catering to every office dining scenario—from solo meals to team lunches and quick snack breaks.

Swiggy’s DeskEats is now operational in over 7,000 tech parks and business centers, granting office workers access to nearly 700,000 menu items from over 200,000 restaurants. This vast variety ensures there’s something for everyone, addressing the growing demand for quick, tasty, and nutritious food that fits seamlessly into the busy schedules of working professionals. Early trends from DeskEats’ pilot phase show a strong preference for easy-to-eat options like chicken popcorn in Bengaluru and garlic breadsticks in Gurugram, reflecting the popularity of meals tailored for the modern workday.

Expanding upon its Corporate Rewards Program, which is already trusted by thousands of organizations, Swiggy enables companies to enhance employee wellness programs by offering food delivery, groceries, and dining benefits efficiently. With DeskEats, Swiggy reaffirms its commitment to transforming workplace dining by prioritizing variety, convenience, and user satisfaction—cementing its position as a key player in the evolution of India’s office food culture.

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