Shadowfax Confirms $100 Million Round to Fuel Instant Delivery Push
By Manish Singh
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 funding round as it clocks a yearly growth of 35%.
TPG NewQuest led Shadowfax’s Series E financing round, which includes some secondary transactions, the startup said on Tuesday. TechCrunch reported last year that TPG NewQuest was evaluating an investment in Shadowfax.
Photo courtesy of Elevate.
Source: Tech Crunch (link opens in a new window)
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