2015
Bengaluru (India)
Series F
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.
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.
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:
Service Fees: Shadowfax charges businesses based on delivery volume and frequency. Premium services like expedited delivery or expanded zones generate additional revenue.
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.
Technology Integration: Proprietary tools like Shadowfax Maps (delivery accuracy) and Shield (fraud detection) enhance operational efficiency while monetizing advanced logistics capabilities.
Partnerships: Collaborates with major e-commerce platforms like Amazon and Flipkart as well as D2C brands to provide white-label delivery solutions.
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.
Shadowfax employs a multi-pronged approach to drive growth:
Market Expansion: Expanding operations across Tier 2 and Tier 3 cities to tap into underserved markets.
Technology Innovation: Heavy investments in AI-driven route optimization, real-time analytics, and automation tools for sort centers.
Diversification: Introducing new services like warehousing and inventory management to cater to broader supply chain needs.
Strategic Partnerships: Collaborating with e-commerce giants and local vendors to increase market penetration.
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.
$234 million
12
$4.0Million, Series F
as of February 3, 2025
$355 million
as of N/A
-
as of N/A
Eight Roads Ventures
and 6 more7001
XpressBees
N/A
Date | Round Name | Amount | Valuation | Revenue | Revenue 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, 2023 | Series D | $60.0Million | - | $199.0Million | - | Newquest |
April 11, 2022 | Series D | $19.0Million | $495.0Million | $137.0Million | 3.5x | Trifecta Capital, Qualcomm Ventures, Mirae Asset ,Flipkart |
November 23, 2021 | Series D | $672.0K | $478.0Million | $111.0Million | 4.3x | Trifecta Capital |
December 5, 2019 | Series D | $60.1Million | $236.0Million | $41.1Million | 4.2x | Eight Roads Ventures, NGP Capital, IFC, Qualcomm Ventures, Mirae Asset, Flipkart |
August 7, 2018 | Series C | $22.0Million | $83.5Million | $17.0Million | 3.6x | NGP Capital, Qualcomm Ventures, Eight Roads Ventures, IFC, Mirae Asset , Spark Capital |
December 23, 2016 | Series B | $10.0Million | $38.0Million | $4.2M | 7.0x | Eight Roads Ventures |
August 28, 2015 | Series A | $8.5Million | $32.9Million | - | - | Eight Roads Ventures , IndigoEdge |
July 21, 2015 | Angel | $300.0K | $7.9Million | - | - | - |
March 31, 2025
March 7, 2025
February 18, 2025
February 4, 2025