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Shadowfax confirms $100M round to fuel instant delivery push
Shadowfax, one of the largest logistics service providers to hyper-local and on-demand delivery businesses in India, has raised $100 million in a new Shadowfax, one of the largest logistics service providers in India, has raised $100 million in a new funding round led by TPG NewQuest.
Shadowfax, one of the largest logistics service providers to hyper-local and on-demand delivery businesses in India, has raised $100 million in a new funding round as it clocks an yearly growth of over 35%. TPG NewQuest led Shadowfax’s Series E financing round, which includes some secondary transactions, the startup said on Tuesday. Bansal attributed the growth to the wider adoption of quick commerce in India, which he said has helped the startup grow at a 35% rate.
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