Vijay Ghadge, the COO of Vulcan Express, Snapdeal’s logistics arm, has quit the company, reports VCCircle.
We’ve written to the company for a confirmation and will update this post in case they respond.
A Vulcan spokesperson told MediaNama that “Vijay Ghadge has resigned from Vulcan Express due to personal reasons.”
Ghadge was appointed as Vulcan’s COO in July this year. Before that, for over 2.5 years, he was the COO of GoJavas, the logistics company in which Snapdeal invested $20 million last October. Prior to joining GoJavas, Ghadge was the director of operations at Jabong for about 2 years, a volunteer at the Clinton Health Access Initiative for less than a year, regional head of supply chain management of Africa at Ranbaxy SA for 9 years and a senior executive of international marketing at Dr Reddy’s Laboratories for over 3 years.
Note that Snapdeal recently opened 6 new fulfilment centres through Vulcan Express. Vulcan, which also operates on a franchisee model, has 69 logistics hubs where it leases out space to third parties and manages them. As of now, Vulcan owns 10 logistics centres entirely. In the same month, Snapdeal raised $21 million from Clouse SA as a part of a previously announced $200 million funding.
Last October, Snapdeal said that GoJavas was one of its ‘best performing’ last mile logistics partners, and that it would invest another $200 million in the company till October 2016 to strengthen its supply chain. According to this Business Insider article, GoJavas was Snapdeal and Jabong’s largest logistics partner, which contributed to 80% of the logistic company’s business. However, in August this year, GoJavas shut down operations citing technical issues, while an Economic Times report said that the company suspended operations and was considering an organisational overhaul, even involving layoffs. In September, The Ken’s pre-launch story on the alleged conflict of interest in the sale of GoJavas to Quickdel logistics, and then to Snapdeal, was taken down after the digital publication received an ex-parte injunction from former Jabong MD Praveen Sinha.