Shadowfax

Shadowfax

On-demand hyperlocal delivery solutions for e-commerce businesses

Founded

2015

Headquarters

Bengaluru (India)

Status

Series F

Company Details

Website

Socials

Email

Phone

+91-8068172518

Shadowfax Technologies is a leading third-party logistics (3PL) provider specializing in last-mile delivery solutions. Shadowfax operates across India, serving diverse industries such as e-commerce, food delivery, grocery, pharmaceutical, and healthcare. The company leverages cutting-edge technology to offer seamless delivery services that meet the growing demands of businesses and consumers alike.

Unique Value Proposition

Shadowfax stands out with its B2B and B2C model, which enables businesses to optimize their operations while enhancing the end-consumer experience. By leveraging AI-driven route optimization, real-time tracking, and fraud detection systems like Shadowfax Maps and Shadowfax Shield, the company ensures fast, reliable, and cost-effective logistics solutions.

 Business Model & Revenue Streams

Shadowfax operates on a tech-driven logistics platform that connects gig economy workers with businesses in need of delivery services. Its business model focuses on scalability, flexibility, and efficiency. Its primary revenue sources are:

  1. Service Fees: Shadowfax charges businesses based on delivery volume and frequency. Premium services like expedited delivery or expanded zones generate additional revenue.

  2. Value-Added Services (VAS): Includes Prime Solutions (same-day/next-day delivery), reverse logistics, hand-to-hand exchange, and Quick Commerce. VAS contributes significantly to the company’s revenue streams.

  3. Technology Integration: Proprietary tools like Shadowfax Maps (delivery accuracy) and Shield (fraud detection) enhance operational efficiency while monetizing advanced logistics capabilities.

  4. Partnerships: Collaborates with major e-commerce platforms like Amazon and Flipkart as well as D2C brands to provide white-label delivery solutions.

Customer Segmentation

Shadowfax serves multiple customer segments:

  • B2B Clients: E-commerce platforms, food aggregators, grocery chains, healthcare providers.

  • D2C Brands: Emerging startups needing reliable last-mile logistics.

  • Gig Workers: Delivery agents connected via its platform to earn flexible income.

Growth Strategy

Shadowfax employs a multi-pronged approach to drive growth:

  1. Market Expansion: Expanding operations across Tier 2 and Tier 3 cities to tap into underserved markets.

  2. Technology Innovation: Heavy investments in AI-driven route optimization, real-time analytics, and automation tools for sort centers.

  3. Diversification: Introducing new services like warehousing and inventory management to cater to broader supply chain needs.

  4. Strategic Partnerships: Collaborating with e-commerce giants and local vendors to increase market penetration.

    Conclusion

    Shadowfax Technologies has emerged as a key player in India’s logistics sector by combining advanced technology with innovative business strategies. For investors and industry professionals, Shadowfax represents a compelling opportunity due to its scalable business model, strong market presence, and proven ability to adapt to evolving industry trends. As it continues to expand operations and innovate through technology integration, Shadowfax is set to redefine the future of logistics in India while maintaining profitability and customer-centricity.

Key People

Abhishek Bansal

Praharsh Chandra

Praveen Kumar KJ

Vaibhav Khandelwal

Key Metrics

Total Equity Funding

$234 million

No. of Funding Rounds

12

Latest Funding Round

$4.0Million, Series F

as of February 3, 2025

Post Money Valuation

$355 million

as of N/A

Funding Multiple

-

as of N/A

Investors

Eight Roads Ventures

and 6 more

Employee Count

7001

Similar Companies

XpressBees

Exit Details

N/A

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
February 3, 2025 Series F$4.0Million---Mirae Asset, NGP Capital
February 27, 2024 Series E$50.0Million$225.0Million Flipkart, Qualcomm, Veritas Legal, Cyril Amarchand Mangaldas, Khaitan, AZB & Partners
August 2, 2023Series D$60.0Million- $199.0Million- Newquest
April 11, 2022 Series D$19.0Million$495.0Million$137.0Million3.5xTrifecta Capital, Qualcomm Ventures, Mirae Asset ,Flipkart
November 23, 2021 Series D$672.0K$478.0Million$111.0Million4.3x Trifecta Capital
December 5, 2019Series D$60.1Million$236.0Million$41.1Million4.2x Eight Roads Ventures, NGP Capital, IFC, Qualcomm Ventures, Mirae Asset, Flipkart
August 7, 2018 Series C$22.0Million$83.5Million$17.0Million3.6xNGP Capital, Qualcomm Ventures, Eight Roads Ventures, IFC, Mirae Asset , Spark Capital
December 23, 2016Series B$10.0Million$38.0Million$4.2M 7.0xEight Roads Ventures
August 28, 2015Series A$8.5Million$32.9Million--Eight Roads Ventures , IndigoEdge
July 21, 2015 Angel$300.0K$7.9Million---

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