Logistics startup Vulcan Express raises USD 23.8 M
Vulcan Express
Founders: Kunal Bahl and Rohit Bansal (founders of Snapdeal)
Founded in: 2013
Financing status: USD 23.8 million for undisclosed round in 2017
Gurgaon-based Logistics startup Vulcan Express has raised USD 23.8 million for another round of funding from India’s leading e-commerce platform Snapdeal.
Founded in 2013, Vulcan Express is fully owned by Snapdeal and is run by professionals of the logistics and e-commerce industry.
Vulcan Express offers end-to-end logistics and supply chain solutions for retail companies operating in India’s e-commerce industry. It boasts a range of services including pickup, consolidation & fulfilment operations, warehousing solutions, intercity movement, and last mile delivery services.
Vulcan Express primarily provides logistics services for Snapdeal, which was founded in 2010 by Kunal Bahl and Rohit Bansal and is now one of India’s largest online marketplaces. Snapdeal claims to offer over 5 million products in categories like apparel, electronics, beauty & health, kitchenware, amongst others. Its website Snapdeal.com claims to have about 25 million subscribers and has a fan base of around 2 million on social media sites such as Twitter and Facebook. The startup claims to provide delivery services to more than 5000 towns and cities across India.
Hardeep Singh, CEO of Vulcan Express, stated that over the last year-and-a-half, they have invested towards solving every possible pain point along each leg of the delivery journey.
Vulcan Express expanded business for both B2B and B2C spaces in April and started serving new clients apart from Snapdeal.
Travel booking aggregator GoFro raised USD 10 M for Series B
GoFro
Founders: Amitabh Misra
Founded in: 2015
Financing status: USD 10 million for Series B round in 2017
Delhi-based travel booking startup GoFro has raised USD 10 million for Series B round led by Japanese travel company HIS Co. Ltd. Existing investor MakeMyTrip also participated in the round.
GoFro was founded in 2015 by Amitabh Misra, who previously worked as CTO for India’s leading e-commerce platform Snapdeal.
GoFro is an online travel booking aggregator. It offers users customizable and fixed holiday packages. The startup claims to offer over 3,000 unique trips with more than 600 travel advisors. It also claims to have had more than 10,000 travelers last year on the platform. It aggregates trip operators like MakeMyTrip, Yatra, Club7 Holidays. It classifies travels by themes like budget trips, romantic, luxury trips, city breaks, adventure, weekend getaways, etc.
Amitabh Misra, founder and chief executive of GoFro, said that they now look forward to HIS’s global reach and experience in helping GoFro enhance its global supply network and provide great holiday packages at competitive prices.
The startup will use the newly raised funds to strengthen its tech platform, expand into international markets, and improve its supply and agent networks.
(Top photo from Vulcan Express website)
