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Shadowfax raises $100 million from TPG NewQuest, Flipkart and others

The round is a mix of primary capital and secondary shares transactions which gave Eight Roads Ventures a partial exit.

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 funding: Shadowfax raises $100 million in latest funding led by TPG New Quest

Logistics startup Shadowfax will use the funds to extend its last-mile delivery services to cover 20,000 pincodes across India. The company is looking to include intercity operations in the coming three quarters. Part of the proceeds will be utilised to develop state-of-the-art services for D2C brands and further enhance Shadowfaxs express delivery network, the company said.

Shadowfax has secured a $100 million funding round to support its efforts to expand rapid delivery services

Shadowfax, a prominent logistics service provider for hyper-local and on-demand delivery businesses in India, recently secured $100 million in a new funding round amid a 35% annual growth rate.According to a Tuesday startup announcement, TPG NewQuest served as the lead investor in Shadowfax’s Series E financing round, which included secondary transactions. Last year, it was …

Shadowfax Secures $100 Mn In Series E Funding Led By TPG Newquest