Snapdeal invests $23.7mn in its logistics arm Vulcan Express
E-commerce startup Snapdeal has invested $23.7 million (about â¹152 crore) in its logistics arm Vulcan Express, according to filings. This comes after the startup reportedly planned to sell the logistics unit for up to $30 million. Earlier this year, Snapdeal called off the merger talks with Flipkart and launched 'Snapdeal 2.0' to run an independent marketplace model.