Tech Company Financing Transactions

Shadowfax Funding Round

On 8/1/2023, Shadowfax raised $60 million in funding from NewQuest Capital Partners.

Transaction Overview

Company Name
Announced On
8/1/2023
Transaction Type
Venture Equity
Amount
$60,000,000
Round
Undisclosed
Proceeds Purpose
The startup, one of the largest logistics service providers to hyper-local, on-demand delivery businesses, has significantly pared its reliance on its largest customer, Meesho, in recent months and has been profitable for at least the past three months, the sources said. Its over-reliance on Meesho was a source of concern among many of its investors, people familiar with the matter said.

Company Information

Company Status
Private & Independent
Industry
Transportation
Mailing Address
1st Cross Rd, 5th Block, Koramangala
Bengaluru, Karnataka, 560095
IN
Email Address
Overview
Shadowfax is India's largest on-demand crowdsourced 3rd party logistics platform. The only B2B2C platform with capabilities to serve multiple end-customer categories - Hyperlocal, e-commerce and reverse logistics via a single platform. Shadowfax deploys tech-enabled solutions like ML and AI to offer supply that keeps pace with demand in the fast-growing and challenging last-mile ecosystem, ensuring a wonderful end-user experience.
Profile
Shadowfax LinkedIn Company Profile
Social Media
Shadowfax Company Twitter Account
Company News
Shadowfax News
Facebook
Shadowfax on Facebook
YouTube
Shadowfax on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Abhishek Bansal
  Abhishek Bansal LinkedIn Profile  Abhishek Bansal Twitter Account  Abhishek Bansal News  Abhishek Bansal on Facebook
Chief Financial Officer
Praveen Kumar
  Praveen  Kumar LinkedIn Profile  Praveen  Kumar Twitter Account  Praveen  Kumar News  Praveen  Kumar on Facebook
Chief Marketing Officer
Pawan Pandey
  Pawan Pandey LinkedIn Profile  Pawan Pandey Twitter Account  Pawan Pandey News  Pawan Pandey on Facebook
Chief Technical Officer
Vaibhav Khandelwal
  Vaibhav Khandelwal LinkedIn Profile  Vaibhav Khandelwal Twitter Account  Vaibhav Khandelwal News  Vaibhav Khandelwal on Facebook


 

 

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Prev: 8/1/2023: Equilibrium Energy venture capital transaction
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