# Shadowfax Technologies Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shadowfax-technologies-private

- Industry: Consumer Services
- Headquarters: Bangalore, India
- Website: www.shadowfax.in/
- Total disclosed funding: $213M
- Latest round: Series F (Feb 3, 2025)
- Investors on record: 11

## About

Based in India, Shadowfax Technologies Private Limited specializes in logistics solutions, focusing on enhancing express delivery capabilities for e-commerce and hyperlocal services.Founded in 2015 in Bangalore, India, Shadowfax Technologies Private Limited provides logistics solutions tailored for various sectors. The firm, co-founded by Abhishek Bansal and others, has executed 10 deals to date. The latest funding round, which occurred in March 2025, raised USD 50 mn, bringing the total amount raised to USD 50 mn and the current company valuation to USD 750 mn.Shadowfax offers a robust logistics solution designed to enhance express delivery capabilities across various sectors, including e-commerce, direct-to-consumer (D2C), and hyperlocal services. The company's primary offerings include an AI-driven mapping system that optimizes delivery routes and a fraud detection tool to ensure reliability in order fulfillment. These innovations address critical challenges such as address inaccuracies and fraudulent transactions, significantly improving customer satisfaction and minimizing cancellations. Shadowfax serves a diverse client base that encompasses small to medium enterprises (SMEs), individual users for personal courier needs, and larger e-commerce platforms requiring swift logistics solutions. Their services are primarily positioned within the Indian market, targeting urban areas with high demand for same-day and next-day delivery services.Shadowfax generated revenue of USD 176,322,783.30 in the most recent year, 2023. The company's revenue structure is predicated on service fees from partnerships with e-commerce platforms and SMEs, facilitating a B2B and direct-to-consumer transaction model. Clients typically engage Shadowfax for logistics services on a contractual basis. The company’s flagship services, including the express delivery and the Prime Large offerings for bulky items, contribute significantly to its revenue stream, accommodating various customer needs and ensuring competitive service delivery.In March 2025, Shadowfax Technologies Private Limited raised USD 50 mn in venture funding from individual investors. The company will use the funding to enhance its existing operations and support its growth. Future strategies include launching new products aimed at improving logistics efficiency and expanding into new geographic markets across India, with specific targets for urban areas by the end of 2025.

## Funding rounds

- Series F, Feb 3, 2025, $4M — NGP Capital, Mirae Asset Venture Investment
- Series E, Feb 27, 2024, $100M — Eight Roads Ventures, NGP Capital, Qualcomm Ventures, TPG NewQuest, Flipkart Internet Private Limited, Trifecta Capital, Mirae Asset Venture Investment, IFC Venture Capital
- Series D, Jul 8, 2022, $18M — Qualcomm Ventures, Flipkart Internet Private Limited, Trifecta Venture, Mirae Asset-Naver Asia Growth Fund
- Series D, Nov 23, 2021, $1M — Trifecta Capital
- Series D, Dec 12, 2019, $53M — Eight Roads Ventures, NGP Capital, Qualcomm Ventures, Flipkart Internet Private Limited, Mirae Asset Venture Investment, IFC Venture Capital, Mirae Asset-Naver Asia Growth Fund
- Series C, Aug 7, 2018, $20M — Eight Roads Ventures, NGP Capital, Qualcomm Ventures, [DUP] International Finance Corporation, Mirae Asset Venture Investment, Mirae Asset-Naver Asia Growth Fund
- Series B, Dec 25, 2016, $10M — Eight Roads Ventures
- Series A, Aug 28, 2015, $7.6M — Eight Roads Ventures

## Investors

- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series A, Series B, Series C, Series D, Series E
- NGP Capital (https://capitalatlas.ai/funds/ngp-capital) — Series C, Series D, Series E, Series F
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series C, Series D, Series E
- [DUP] International Finance Corporation — Series C
- Mirae Asset Venture Investment (https://capitalatlas.ai/funds/mirae-asset-venture-investment) — Series C, Series D, Series E, Series F
- Mirae Asset-Naver Asia Growth Fund — Series C, Series D
- Flipkart Internet Private Limited — Series D, Series E
- IFC Venture Capital (https://capitalatlas.ai/funds/ifc-venture-capital) — Series D, Series E
- Trifecta Capital (https://capitalatlas.ai/funds/trifecta-capital) — Series D, Series E
- Trifecta Venture — Series D
- TPG NewQuest (https://capitalatlas.ai/funds/tpg-newquest) — Series E