Hyperlocal logistics startup Shadowfax has raised $100 million in a mix of primary and secondary investments as part of its latest funding round led by growth investor TPG NewQuest, according to ETtech report. Existing investors including Mirae Asset Management, Flipkart, International Finance Corporation, Nokia Growth Partners, Qualcomm, and Trifecta Capital also participated in the fundraise.…
Tag: Abhishek Bansal
Shadowfax announces $60mn financing round led by Flipkart group
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•E-commerce marketplace Flipkart has announced a strategic minority investment in Shadowfax, a full-stack logistics platform founded in 2015. The investment is part of a $ 60 million Series D funding that Shadowfax received from Eight Roads Ventures, NGP Capital, Qualcomm Ventures, Mirae Asset Naver Fund, and World Bank-backed IFC. These funds will enhance the tech…