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Indian logistics firm Shadowfax raises $4m series F
Shadowfax, a Bengaluru-based logistics firm, has raised US$4 million in a series F funding round from Mirae Asset and Nokia Growth Partners.
The company issued 5,773 series F cumulative compulsorily convertible preference shares at 5,000 rupees (US$57.38) each, with a premium of 54,320 rupees (US$623).
This funding follows its acquisition of CriticaLog India and supports its hyperlocal and on-demand delivery services for clients like Flipkart and Meesho.
Before this round, the company raised US$100 million in its series E funding led by TPG NewQuest in February 2024, bringing total funding to US$212 million.
Recent Shadowfax developments
| Timeline |
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28-Jan-2025 🚚 Flipkart-backed Shadowfax acquires tech logistics firm
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28-Feb-2024 🚚 Indian logistics startup Shadowfax secures $100m from TPG, Flipkart
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02-Aug-2023 🚚 In 50 Words: Flipkart-backed Shadowfax finalizing $60m funding
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16-Aug-2021 ⚖️ Meesho, Shadowfax hit with legal notice over alleged ‘ghost orders’
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05-Dec-2019 📦 Flipkart joins $60m series D round of logistics startup Shadowfax
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