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Shadowfax raised $100M in a Series E funding round led by TPG NewQuest to expand its logistics services and prepare for an IPO.

PRIVATEAug 13, 2024

Amount Raised

$100

Round Type

Series E

BengaluruTransportationE CommerceSupply Chain ManagementLogistics

Investors

Eight Roads VenturesTrifecta CapitalQualcommNokia Growth PartnersInternational Finance CorporationFlipkartMirae Asset Venture Investments (India)Tpg New Quest

Description

Logistics startup Shadowfax completed a Series E funding round with $100 million raised, led by TPG NewQuest. This funding aims to support its growth and IPO preparations. Shadowfax specializes in hyper-local delivery services and collaborates with major e-commerce platforms.

Quick answer

Shadowfax raised $100 in a Series E round, dated August 13, 2024. Investors: Eight Roads Ventures, Trifecta Capital, Qualcomm, Nokia Growth Partners, International Finance Corporation, Flipkart, Mirae Asset Venture Investments (India) and Tpg New Quest. Shadowfax is based in Bengaluru, Karnataka, India.

How much did Shadowfax raise?
Shadowfax raised $100 in a Series E round on August 13, 2024.
Who invested in Shadowfax?
Eight Roads Ventures, Trifecta Capital, Qualcomm, Nokia Growth Partners, International Finance Corporation, Flipkart, Mirae Asset Venture Investments (India) and Tpg New Quest are named as investors in this round.
What does Shadowfax do?
Shadowfax is India's Fastest Growing End-to-End fully integrated Logistics Provider.
Where is Shadowfax based and how big is it?
Shadowfax is based in Bengaluru, Karnataka, India.
Who are the decision-makers at Shadowfax?
Fundz holds 1 contact at Shadowfax. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Transportation and E Commerce around the same time

Companies in the same sectors as Shadowfax that raised within 45 days of this round, from Fundz verified event records.

  • FastBeetle Logistics Pvt. Ltd raised an undisclosed amount (Seed) on July 12, 2024.
  • Distribusion raised $80M (Series C) on September 26, 2024.
  • ShipTop raised $500K (Seed) on September 24, 2024.
  • RXO raised $550M on August 12, 2024.
  • PICit A/S raised an undisclosed amount on August 9, 2024.
  • Yodel raised $108M (Funding Round) on August 5, 2024.

Who to call at Shadowfax, and when

A new round usually means Shadowfax is about to hire and buy. The teams that reach out first get the meeting.

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  • Who you already know at Shadowfax, from your own LinkedIn network

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Company Information

Company

Shadowfax

Location

Bengaluru, Karnataka, India

About

Shadowfax is India's Fastest Growing End-to-End fully integrated Logistics Provider. The only platform with capabilities to serve multiple categories- E-commerce & D2C, Hyperlocal & Quick commerce & Personal Courier. Building a better customer experience with a network of 2500+ cities & 15000 + pin codes, Shadowfax is a one-stop solution for merchants to deliver to customers. As India's largest crowdsourced last-mile delivery platform, we've successfully shipped over 1 billion+ orders. Now experience Express Delivery from 1 hour to same-day and next-day services with the benefits of doorstep quality checks, instant refunds, and hassle-free returns at your fingertips with our optimized solutions.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.