Shadowfax, an Indian logistics startup, has successfully raised $100 million in a Series E funding round, as reported by TechCrunch and moneycontrolcom. The round was led by TPG New Quest, with participation from existing investors including Mirae Asset, Flipkart, IFC, Nokia Growth Partners, Qualcomm, and Trifecta Capital. This funding brings Shadowfax's total funding to $220 million. The company, which operates a B2B logistics network across 2,500 cities in India, has been profitable for three consecutive quarters in the current financial year. The influx of funds is expected to fuel further growth amid the booming demand for instant delivery services.
šØ Logistics startup @shadowfax_in has raised $100 million in Series E funding round. The firm claims to have been profitable for three consecutive quarters in the current financial year. āļø @Aish_19_Anand | @CNBCYoungTurks https://t.co/DcfwHtsswk
šØ Logistics startup @shadowfax_in has raised $100M in a round led by TPG NewQuest. Existing investors like @miraeasset, @Flipkart, @IFC_org, Nokia Growth Partners, @qualcomm_in, and @trifectacapital also participated. https://t.co/JHQ3nliGes
Shadowfax, which operates a B2B logistics network in 2,500 Indian cities, raised a $100M Series E, bringing its total funding to $220M (@refsrc / TechCrunch) https://t.co/Z1XgkkPtfS š« Subscribe: https://t.co/OyWeKSRpIM https://t.co/qNCTWNKYGo
Shadowfax raises $100 million from TPG NewQuest, Flipkart and others https://t.co/urrQUHpZL8 via @moneycontrolcom
Shadowfax speeds ahead with $100M funding as instant delivery boom fuels growth: https://t.co/pLKInQkTLK by TechCrunch #infosec #cybersecurity #technology #news
Shadowfax speeds ahead with $100M funding as instant delivery boom fuels growth https://t.co/xU3PKORWjk
Shadowfax has raised $100m in a round led by TPG New Quest - statement https://t.co/Yb00hX1Gel