Vijay Ghadge is the new COO of Snapdeal's Vulcan Express

Vijay Ghadge, who earlier served as the COO of GoJavas, has now been appointed as the COO of Vulcan Express, Snapdeal’s captive logistics unit.

It’s just been three months that Ghadge quit GoJavas, the e-commerce logistics company that has its 42% stake held by e-commerce giant Snapdeal, which had also invested Rs 240 crore in the company in two subsequent rounds in 2015.

Also read: Snapdeal has enough money for now, doesn’t need fresh funding, says Jayant Sood

GoJavas is the largest logistics partner for New Delhi-based Snapdeal, which makes for around 85% its business along with Jabong.

"Snapdeal is unlikely to invest further in GoJavas. The logistics entity, however, has been trying to raise a round on their own where Snapdeal will be participating," a sector analyst told ET.

Also read: ​​Indian logistic companies look forward to partnering with Alibaba for its India entry

Image source