February 29

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)

Investing, Technology
business development, distribution, startups