India: Snapdeal’s logistics arm COO Vijaj Ghadge put in papers

Photo: Reuters

Vijay Ghadge, chief operating officer (COO) of Snapdeal.com’s in-house delivery arm Vulcan Express, has stepped down from his post less than five months after joining the company. He was previously the COO of e-commerce logistics firm GoJavas, in which Snapdeal (promoted by Jasper Infotech Pvt. Ltd) holds a 42% stake.

“Vijay Ghadge has decided to move out of Vulcan due to some personal exigencies. The change is effective immediately,” according to an email sent by Snapdeal chief executive officer Kunal Behl’s office to the firm’s employees. Mint has seen a copy of the email.

Confirming the development, Ghadge said he was taking a six-month sabbatical, without divulging any further reason for his decision.

Snapdeal did not immediately comment on the development.

Ghadge’s exit comes at a time when Snapdeal, along with rivals Flipkart Online Services Pvt. Ltd and Amazon India, is strengthening delivery capabilities across the board.

The e-commerce company recently opened six logistics hubs in the national capital region, Lucknow, Hyderabad and Kolkata, taking the total number of Vulcan-run warehouses to 10, Mint reported in August.

Snapdeal is also undertaking a scale-up exercise at Vulcan and has started its own with last-mile delivery.

Last year, it invested Rs120 crore and Rs117 crore in March and October, respectively in Gojavas, becoming the single largest shareholder in the last-mile logistics company.

The infusion happened amid talks of a complete takeover by Snapdeal, which did not happen.

Gojavas later ran into losses and temporarily halted operations in August this year, as Snapdeal diverted orders to Vulcan and Jabong was bought by Flipkart, resulting in a huge loss of business. Snapdeal and Jabong together accounted for more than 80% of GoJavas’ overall business.

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This article was first published on Livemint.com

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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

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  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.