August 13 2018: Shadowfax, India’s market leader in the Online-2-Offline (O2O) logistics segment, has announced today that it has closed $22 million in Series C funding led by NGP Capital. Qualcomm Ventures (the investment arm of Qualcomm Incorporated), Mirae Assetandexisting investor, Eight Roads Ventures, also joined the oversubscribed equity round.
Shadowfax is India’s largest crowd sourced plug & play delivery platform with presence across 80 cities. Its unique app allows partners to earn money and deliver with top companies across food, grocery, ecommerce and pharma. Clients include, Flipkart, Myntra, Jabong, Amazon, Snapdeal, ShopClues, Domino’s, McDonald’s, KFC, Nykaa, Urban Ladder, Big Basket, Grofers, Swiggy, Paytm.
The company’s mission to connect the next million micro entrepreneurs and suppliers in logistics using a singular platform/IOTs to bridge the information gap and eradicate inefficiencies across the value chain. Features include: less than 90 minutes delivery, same day delivery, next day intercity, bulk delivery by light commercial vehicles and air connect.