India’s largest retailer, Future group is in talks to buy Vulcan express for about Rs 50 crore in all cash deal. Vulcan express is a logistics arm of Snapdeal which merged with Flipkart. Vulcan Express, which manages most of the Snapdeal’s deliveries and shipments, replaced gojavas as the primary logistics partner when it was formed about three years ago. Vulcan express which currently operates in more than 100 cities, offers logistics and supply chain solutions for retail and consumer companies.
Making Several Easyday stores a Marketplace
Future Group caters to clients across consumer, food and beverages, ecommerce and electronics. At present, Future Group’s technology integration, Retail 3.0, is being piloted by making several Easyday stores a marketplace, giving consumers access to the company’s entire inventory through the digital medium.
Investing in Technology and Artificial Intelligence
While 98% of retailing in India takes place at physical stores, Future Group has been investing in technology, artificial intelligence and creating supporting infrastructure. With 44 distribution centers and 105 branches in the country, Future Supply Chain is already one of India’s largest third-party logistics and supply chain firms.
Creating an Asset-light Model
Future group’s plan to buy Vulcan express will also benefit Snapdeal for its 2.0 strategy of creating an asset-light model and focusing on the ecommerce business. Vulcan will continue to be one of the logistics partners for Snapdeal even under the new owner.