Exclusive: Shadowfax kicks off Series F round at $712 Mn valuation

Shadowfax, an Indian logistics and delivery startup, has kicked off its Series F funding round, aiming for a valuation of $712 million. This move follows the company’s growth trajectory in the hyperlocal delivery segment. The funds raised will primarily be used for technology upgrades and expanding Shadowfax’s services. The logistics provider continues to strengthen its position as a leader in the on-demand delivery market, competing with other players like Dunzo and Swiggy’s Genie. This funding round is crucial for fueling its expansion across India and potentially abroad.