Vulcan Express in discussions with potential buyers for an outright control or majority stake

Another business vertical of Jasper Infotech, the parent company of beleaguered ecommerce player, is up for sale. Vulcan Express, the logistics arm of Snapdeal, is in separate discussions with TVS Logistics and Future Supply Chain Solutions for an outright sale or majority stake transfer. Additionally, two PE firms, specializing in logistics segment, are also said to be in fray for the logistics startup. Started in 2014, Vulcan Express provides end-to-end logistics services, including, warehousing, line haul and transportation, last-mile distribution and reverse logistics, as well as, quality control and refurbishment of goods. It came into existence after Snapdeal ditched its long-time partnership with GoJavas in which it had invested INR250 crore with more than 40% stake. It cited quality issues for breaking up the ties with GoJavas.

While TVS Logistics focuses largely on the automotive sector globally, Future Supply Chain Solutions is fully integrated, end-to-end supply chain and logistics company, with capabilities in handling warehousing, express logistics, cold chain, and ecommerce logistics

A potential sale of Vulcan Express would see the company offloading its last remaining major business unit. Jasper Infotech is already in talks with other wallet companies to sell its payments arm Freecharge, while the discussion to sell Snapdel to Flipkart has reached an advanced stage now with both the players appointing legal counsels and investment bankers to lead the talks.