Shadowfax

Shadowfax

Shadowfax is online to offline (o2o) crowdsourced B2B delivery and third-party logistics service provider based in Bengaluru. It was founded by Indian Institute of Technology Delhi graduates Abhishek Bansal and Vaibhav Khandelwal in 2015.

History

Shadowfax was started by Abhishek Bansal and Vaibhav Khandelwal in March 2015. The company was initially conceptualised as a food delivery player, but operates in other verticals such as E-commerce and other express mail deliveries. Shadowfax acquired Pickingo Logixpress Private Limited in November 2015 and NuvoEx Logistics Private Limited in November 2017. Shadowfax has raised a total of $40.8 million in funding.

Timeline

August 2018

Shadowfax raises a $22,000,000 series C round from Qualcomm Ventures, Eight Roads Ventures, NGP Capital and Mirae Asset Venture Investment.

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Peerzada Abrar
December 24, 2019
@bsindia
Read more about Alibaba backs logistics startup XpressBees again, plans to invest $10 mn on Business Standard. XpressBees is allotting 9,317 Series D1 compulsorily convertible preference shares at a price equivalent to $1,073.306 each, to Alibaba
Manish Singh
December 5, 2019
TechCrunch
Walmart's Flipkart has backed Shadowfax in a new $60 million financing round as the retail giant works to strengthen its logistics network in the nation. Flipkart, which alone contributed $30 million, led the Series D financing round for the three-year-old Bangalore-based startup, Shadowfax co-founder and chief executive Abhishek Bansal told TechCrunch in an interview. Existing [...]
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