Tech Company Financing Transactions
Shadowfax Funding Round
On 8/26/2023, Shadowfax received $60 million in funding from NewQuest Capital Partners and Flipkart.
Transaction Overview
Company Name
Announced On
8/26/2023
Transaction Type
Venture Equity
Amount
$60,000,000
Round
Undisclosed
Investors
NewQuest Capital Partners (Lead Investor)
Proceeds Purpose
Shadowfax is a prominent player in India's logistics sector, providing services to hyper-local, on-demand delivery businesses. In recent months, it has diversified its clientele, moving away from over-dependence on its largest customer, Meesho. The shift toward a more balanced client portfolio has been profitable for the company, assuaging investor concerns and paving the way for sustainable growth.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
1st Cross Rd, 5th Block, Koramangala
Bengaluru, Karnataka, 560095
IN
Bengaluru, Karnataka, 560095
IN
Phone
Website
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
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Abhishek Bansal
Chief Financial Officer
Praveen Kumar
Chief Marketing Officer
Pawan Pandey
Chief Technical Officer
Vaibhav Khandelwal
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