Shadowfax
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| File:Shadowfax logo-orange.png | |
| Private | |
| ISIN | 🆔 |
| Industry | Courier |
| Founded 📆 | March 2015 in Gurgaon, Haryana, India |
| Founders 👔 |
|
| Headquarters 🏙️ | , Bengaluru , India |
Area served 🗺️ | India |
Key people | |
| Products 📟 | Delivery, express mail, third-party logistics, Supply Chain |
| Members | |
Number of employees | |
| 🌐 Website | shadowfax |
| 📇 Address | |
| 📞 telephone | |
Shadowfax is online to offline (o2o) crowdsourced B2B delivery and third-party logistics service provider based in Bengaluru.[1] It is operating in over 100 cities in India.[2] It was founded by IIT Delhi graduates Abhishek Bansal and Vaibhav Khandelwal in 2015.
History[edit]
Shadowfax was started by Abhishek Bansal and Vaibhav Khandelwal in March 2015.[3] The company was initially conceptualised as a food delivery player, but later it was diversified to cater to other verticals including grocery, life style, electronics, pharmacy, furniture, and other express mail deliveries.[4]
Shadowfax acquired Pickingo Logixpress Private Limited in November 2015[5] and NuvoEx Logistics Private Limited in November 2017.[6]
Funding[edit]
Till date, Shadowfax has raised a total of $40.8 million in funding.[7] [8][9] The details of all individual funding rounds are listed as:
- Seed Funding: 17 August 2015, $300K from Kunal Bahl and Rohit Bansal (Co-founders Snapdeal), Zishaan Hayath (Co-founder, Toppr.com) and Prashant Malik (Co-founder, Limeroad).[10]
- Series C: 22 August 2018, $22M from NGP Capital and Qualcomm Ventures (the investment arm of Qualcomm Inc.), Mirae Asset Financial Group and Eight Roads Ventures.[15][16][17]
References[edit]
- ↑ "Here's How Shadowfax Became The Go-to Company For a Multitude of O2O Businesses". Entrepreneur India. 2018-11-19.
- ↑ Ahuja, Akanksha (2018-08-07). "Delivery start-up Shadowfax raises funding from NGP Cap, Qualcomm". Mint. Retrieved 2018-08-08.
- ↑ Arakali, Harichandan (2019-02-07). "Forbes India 30 Under 30 2019 - Abhishek Bansal, Vaibhav Khandelwal". Forbes India.
- ↑ "Shadowfax: This 'Uber' for delivery personnel is getting logistics right". VCCIRCLE. 2018-01-16.
- ↑ Shrisvastava, Aditi (2015-11-09). "Shadowfax acquires Pickingo for an undisclosed amount". The Economic Times.
- ↑ Devan, M (2017-11-01). "Bengaluru based Shadowfax to acquire assets of logistics firm NuvoEx". The News Minute.
- ↑ "Logistics start-up Shadowfax raises $22 mn from NGP Capital, others". Business Standard. 2018-08-07.
- ↑ "Shadowfax Technologies - Crunchbase". Crunchbase.
- ↑ "Delivery start-up Shadowfax raises $22 million funding, says report". cnbctv18. 2018-08-08.
- ↑ Chakraborty, Sayan (2015-08-17). "Shadowfax raises $300,000 seed funding". Mint.
- ↑ Choudhury, Varnana (2015-09-14). "ShadowFax Raises $8.5M in Series A from Eight Roads Ventures". iamwire.
- ↑ "ShadowFax Raises $8.5 M in Series A from Fidelity International's Proprietary Investment Arm". nextbigwhat. 2015-09-12.
- ↑ Sharma, Samidha (2016-12-26). "Shadowfax gets another $10 Million from Fidelity's arm". The Times of India.
- ↑ Ganguly, Payal (2016-12-26). "At Eight Roads, Shadowfax gets its $10m in Series B". The Economic Times.
- ↑ Bansal, Varsha (2018-08-08). "On-demand logistics firm Shadowfax bags $22 Million in Series C". The Economics Times.
- ↑ "Shadowfax receives $22 m in Series C funding". The Hindu BusinessLine. 2018-08-08.
- ↑ "Delivery start-up Shadowfax raises funding from NGP Cap, Qualcomm, others". livemint. 2018-08-07.
External links[edit]
- Shadowfax: The Uber for delivery boys, a feature in Rediff on Shadowfax Delivery Services.
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