| Date | Title | Description |
| 08.04.2025 | InCred Alternatives Closes Maiden PE Fund at INR 575 Cr, Surpasses Target IGPF-I focuses on four core themes: consumption, enterprise, technology, and financial services. | InCred Alternative Investments Private Limited (InCred Alternatives), a part of InCred Capital Financial Services Limited, has announced the final close of its maiden private equity fund — InCred Growth Partners Fund-I (IGPF-I) — with commi... |
| 08.04.2025 | India's InCred closes maiden PE fund at $67m | InCred Alternative Investments, a part of the InCred Group, on Tuesday said it has hit the final close of its maiden private equity fund at Rs 575 crore ($67 million), above its initial target of Rs 500 crore.
Launched in late 2023, the fun... |
| 01.04.2025 | Dream11’s Homecoming, Shadowfax Gears Up For IPO & More | -->
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| 07.03.2025 | Shadowfax Cofounders Infuse INR 65 Cr In IPO-Bound Startup | Shadowfax Cofounders: Vaibhav Khandelwal & Abhishek Bansal
SUMMARY
Sources told Inc42 that the startup raised the capital at a post-money valuation of $750 Mn (about INR 6,518.51 Cr)
Of the total INR 65.4 Cr funding, Bansal infused INR ... |
| 08.02.2025 | From Cashfree Payments To Shadowfax — Indian Startups Raised $125 Mn This Week | SUMMARY
Between February 3 and 8, Indian startups cumulatively raised $124.6 Mn via 21 deals, marking a 36% decline from the $195.5 Mn raised across 24 deals in the preceding week
Fintech emerged as the top sector in terms of investment thi... |
| 07.02.2025 | ThinkMarkets and Trifecta Capital: Rising Stars in the Financial Landscape | In the bustling world of finance, two names have recently emerged as beacons of innovation and success: ThinkMarkets and Trifecta Capital. Both companies are carving their paths in the competitive landscape, showcasing how strategic moves a... |
| 05.02.2025 | First close of Rs 2,000 Cr Fund IV announced by Trifecta | The first close of Trifecta Capital’s fourth and biggest venture debt fund to date has been announced. For this fund, the company intends to raise Rs 2,000 crore, which includes a Rs 500 crore greenshoe option.
By providing non-dilutive fin... |
| 04.02.2025 | Shadowfax Strengthens Its Board Ahead Of IPO | SUMMARY
Shadowfax has onboarded Bijou Kurien, Ruchira Shukla, and Pirojshaw Sarkari as independent directors to its board ahead of its IPO
The new additions will boost the company’s governance framework and further strengthen its position i... |
| 27.01.2025 | Shadowfax Acquires CriticaLog to Enhance High-Value Logistics Operations Shadowfax currently handles over 2 million packages daily. With this acquisition, the company aims to address growing demand fo... | Shadowfax, a logistics provider specializing in e-commerce express parcel services, has acquired CriticaLog, a company known for handling high-value and critical logistics. The financial details of the acquisition were not disclosed.
The ac... |
| 05.12.2024 | IPO-Bound Shadowfax’s FY24 Loss Falls 92% To INR 12 Cr | SUMMARY
Shadowfax’s net loss declined to INR 11.8 Cr from INR 142.6 Cr in FY23 due to growth in top line and improvement in margins
Operating revenue jumped 33.19% to INR 1,884.8 Cr in FY24 from INR 1,415.1 Cr in the previous year
Shadowfax... |
| 23.10.2024 | Avaana Capital Completes Final Close of USD 135 Mn Climate and Sustainability Fund The fund is backed by Green Climate Fund (GCF), DFC, UKIDCF, SRI Fund, SIDBI, Azim Premji Trust, and corporate suppor... | Avaana Capital, a leading climate-focused venture capital firm, has successfully completed the final close of its Avaana Climate and Sustainability Fund with a total fund size of USD 135 million.
The fund is dedicated to investing in early-... |
| 21.10.2024 | Shadowfax Likely To Double Valuation With Fresh Funding | SUMMARY
The fresh round will likely double the company's valuation to around INR 5,500- 6,000 Cr ($700 Mn)
This will be the company’s last private funding round ahead of its initial public offering (IPO)
Wealth managers, including Nuvama an... |
| 26.09.2024 | Secondary focused fund launched by Tribe Capital and Oister Global | With intentions to invest $500 million over the next two years, mostly into growth and late-stage startups, domestic financial investors Oister Global and Tribe Capital India have teamed up to launch their secondary franchise in India.
Oist... |
| 25.09.2024 | Eight Roads scores another multibagger partial exit | Premium
Credit: VCCircle
Eight Roads Ventures, a global venture capital firm, has scored a multi-bagger partial exit from a startup that it first backed five years ago. This comes just few months after its rich harvest from Shadowfax in Feb... |
| 24.09.2024 | Oister Global, Tribe Capital India partner to launch $500 million fund for secondary market investments | Gurugram-based investment firm Oister Global and the growth equity and private equity Indian arm of Tribe Capital--Tribe Capital India to launch a new fund focused on secondary transactions.
This fund is expected to make investments amounti... |
| 18.09.2024 | Former TPG NewQuest exec floats PE fund for growth stage bets | Premium
A former senior executive of TPG NewQuest, which has invested in companies such as ShadowFax, Halonix Technologies, and U Gro Capital, among others, has floated a new firm that will make investments across startups, growth stage com... |
| 21.08.2024 | Ecom Express: A New Chapter in Indian Logistics | Ecom Express is on the brink of a significant transformation. The logistics company is gearing up for an initial public offering (IPO) that could raise a staggering Rs 2,600 crore. This move is not just a financial maneuver; it’s a statemen... |
| 21.08.2024 | Snapdeal founders' VC firm Titan Capital raises $24 mn for Winners Fund | (L) Kunal Bahl and (R) Rohit Bansal, Titan Capital
Snapdeal founders Kunal Bahl and Rohit Bansal’s venture capital firm Titan Capital, has raised Rs 200 crore (around $23.8 million) for its Winners Fund floated earlier this year.
Registered... |
| 20.08.2024 | Rs 2,600 Cr IPO approved by Ecom Express board | The board has approved Ecom Express’s initial public offering (IPO) of Rs 2,600 crore through a combination of fresh issue and offer for sale, and the logistics company is expected to file a draft red herring prospectus soon.
According to m... |
| 13.08.2024 | Festival season drives surge in demand for gig workers | The upcoming festival season will see a surge in demand for gig workers as quick commerce firms such as Zepto, and Swiggy Instamart to online retailers like Meesho, Amazon and others anticipate a spike in demand for goods.
Industry sources ... |
| 05.08.2024 | Supply Chain Slowdown — Venture Funding Plummets In Sector | 7 Shares Email Facebook Twitter LinkedIn
Altana AI locked up a $200 million Series C last week to become one of the latest unicorns.
A well-funded startup reaching a $1 billion valuation is nothing new in this day and age. However, what was... |
| 03.07.2024 | VC funding into Indian startups rises by 45% in H1 2024 | In the first six months of 2024, venture capital (VC) funding into Indian startups showed all the signs of a steady upward trajectory, as it rose by 45% compared to the preceding six months between July and December 2023.
Indian startups ra... |
| 03.07.2024 | Shadowfax Rolls Out AI-Backed Address Intelligence System For Seamless Deliveries | SUMMARY
Shadowfax launches SF Maps, an AI-powered address intelligence system for accurate deliveries.
The new system predicts customer locations with over 90% accuracy within 100 meters, reducing cancellations by 10%.
SF Maps uses artifici... |
| 21.05.2024 | Shadowfax adds fresh ESOPs worth $7.3 Mn | Logistics company Shadowfax has added fresh employee stock options (ESOP) for its employees under the existing plan: ESOP 2016.
The board has approved the amendment of Shadowfax’s Employee Stock Option Plan 2016 with fresh 20,229 stock opti... |
| 21.05.2024 | Shadowfax Expands ESOP Pool By Adding Options Worth INR 62 Cr To Retain Talent | SUMMARY
The logistics startup earlier this year passed a resolution where it had amended its ESOP 2016 scheme by adding 20,299 equity shares
Post the addition, the total ESOP 2016, which comprises 86,033 options, will be worth INR 263.5 Cr
... |
| 11.03.2024 | Magicpin launches delivery service to enter logistics aggregation segment | Hyperlocal delivery startup Magicpin announced the launch of its delivery-as-a-service vertical Velocity, which the company plans to scale to 100,000 orders daily.
The platform is currently witnessing an average of 5,000 orders per day. Wit... |
| 01.03.2024 | Shadowfax Secures $100 Million in TPG-Led Funding Round | WAREHOUSING & LOGISTICS Shadowfax Secures $100 Million in TPG-Led Funding Round
01 Mar 2024 CW Team
In a testament to its robust growth trajectory, Shadowfax, a prominent player in the logistics sector, has successfully raised $100 mill... |
| 28.02.2024 | Shadowfax's $100 Million Funding Frenzy | Shadowfax, the logistics powerhouse, recently secured a whopping $100 million in Series E funding, spearheaded by TPG NewQuest. This funding frenzy also saw the participation of heavyweights like Mirae Asset Venture Investments, Flipkart, I... |
| 28.02.2024 | Logistics firm Shadowfax raised $100 M Series E funding from TPG NewQuest | The $100 million Series E funding round for the logistics company Shadowfax was closed as of Tuesday. The financing round was headed by TPG NewQuest, with participation from pre-existing investors Mirae Asset Venture Investments, Flipkart, ... |
| 28.02.2024 | Shadowfax Raises $100 Million in Series E Funding | Our partner company Shadowfax, a trailblazer in the logistics and delivery sector in India, today announced its $100 million Series E financing round led by TPG NewQuest, with participation from existing investors, including Mirae Asset Man... |
| 28.02.2024 | Shadowfax raises $100 million from TPG NewQuest, Flipkart and others | Shadowfax, the logistics firm, said it has closed its Series E funding round, securing $100 million in investments. TPG NewQuest led the round, with participation from existing investors, including Mirae Asset Venture Investments (India), F... |
| 27.02.2024 | Shadowfax raises $100 Mn in Series E round led by TPG NewQuest | Logistics company Shadowfax on Tuesday announced the closing of its Series E funding round at $100 million. TPG NewQuest led the funding round, while existing investors including Mirae Asset Venture Investments, Flipkart, International Fina... |
| 27.02.2024 | Shadowfax Technology raises $100 million in Series E round led by TPG NewQuest | On-demand logistics services provider Shadowfax Technology has raised $100 million in Series E funding round. TPG NewQuest led the round, with participation from existing investors, including Mirae Asset Venture Investments (India), Flipk... |
| 27.02.2024 | Shadowfax Raises $100 Mn To Expand Its Last Mile Delivery Services | SUMMARY
The funding round was led by PE major TPG NewQuest and also saw participation from existing investors like Mirae Asset Venture Investments (India), Flipkart, International Finance Corporation, Nokia Growth Partners, Qualcomm, and Tr... |
| 27.02.2024 | Shadowfax Secures USD 100 Mn in Series E Led by TPG NewQuest The Bengaluru-based startup aims to utilise the raised funds to reinforce its middle-mile network and extend its last-mile delivery service... | - |
| 27.02.2024 | Shadowfax raises $100 million in latest funding led by TPG New Quest | ETtechShadowfax founders (left to right) Vaibhav Khandelwal, Praharsh Chandra, Gaurav Jaithliya & Abhishek Bansal
Hyperlocal logistics startup Shadowfax has raised $100 million in a mix of primary and secondary investments as part of it... |
| 27.02.2024 | TPG NewQuest leads $100 mn Series E funding in Shadowfax | Abhishek Bansal, CEO, Shadowfax
TPG NewQuest, the secondaries-focused arm of private equity firm TPG, has led a $100-million (about Rs 830 crore) round of investment in logistics and delivery startup Shadowfax.
The Series E funding round al... |
| 27.02.2024 | Indian logistics company Shadowfax raises $100m funding led by TPG | India-based transportation company Shadowfax has raised $100 million in its Series E funding round led by TPG, according to a statement. |
| 26.02.2024 | Indian logistics startup Shadowfax secures $100m from TPG, Flipkart | EcommerceNews
Lokesh Choudhary · 28 Feb 2024 · 1 min readIndian logistics startup Shadowfax secures $100m from TPG, Flipkart
Founding members of Shadowfax / Photo Credit: Shadowfax
As demand for ecommerce rises in India’s lower-tier cities,... |
| 07.08.2023 | Deals in brief: Oladance, BintanGo, and Allozymes secure new funding, and more | Oladance secures eight-figure sum via angel round of financing Image of Oladance’s wearable audio products. Image courtesy of 36Kr.
The wearable audio products company has raised an eight-figure investment sum in an angel round of financing... |
| 03.08.2023 | India Digest: Shadowfax said to close $60m financing, UcliQ bags funds from angels | India-based transportation company Shadowfax is in the process of closing a funding round of about $60 million, TechCrunch reported on Wednesday. B2B meat marketplace UcliQ has raised around $84,500 from angel investors. |
| 01.08.2023 | Flipkart-backed Shadowfax nears $60 million funding led by TPG NewQuest | Indian logistics startup Shadowfax is finalizing a funding round of about $60 million, more than a year after it began the funding deliberations, two sources familiar with the matter said.
TPG’s NewQuest is positioning to lead the round, wh... |
| 14.12.2021 | Shadowfax: Scaling a hyperlocal delivery platform | Abhishek Bansal, Co-founder & CEO of Shadowfax, India’s largest platform for hyperlocal delivery speaks to our Partner, Aditya Systla in this second episode of our 'ScaleUp Series' about scaling a hyperlocal delivery platform in India. ... |
| 08.12.2020 | Shadowfax announces $5 mn ESOP buyback; Two senior executives elevated to co-founders | Binu Paul 8 Dec, 2020
Bengaluru-based logistics startup Shadowfax Technologies has launched an employee stock ownership plan (ESOP) buyback programme estimated to be worth $5 million.
Employees who have been granted ESOPs and completed more... |
| 11.08.2020 | Swiggy launches 45-min grocery and essentials products delivery via Instamart | Advertisment
Instamart will deliver a wide range of products under quick delivery services like instant meals, snacks, ice creams, beverages, fruits & vegetables, Instamart will address the unmet grocery needs of the time-pressed, conv... |
| 28.07.2020 | Flipkart launches ‘Flipkart Quick’ hyperlocal delivery service in Bengaluru | Advertisment
According to the ET report, Flipkart also planning to move a hybrid delivery service by leveraging local Kirana shops and its logistics arm Ekart to fulfill the customers' orders in the given time.
After investing in Shadowfa... |
| 06.12.2019 | Shadowfax scores $60M Series D | Shadowfax, the developer of a logistics and supply-chain platform, has raised $60 million in a round led by ecommerce platform operator Flipkart. Founded in 2015 and based in Bengaluru, Shadowfax partners with food, ecommerce, grocery and h... |
| 05.12.2019 | Flipkart backs B2B logistics startup Shadowfax in $60 mn Series D round | Payal Ganguly 5 Dec, 2019
Bengaluru-headquartered logistics startup Shadowfax has raised an undisclosed amount from e-commerce marketplace Flipkart as part of its ongoing $60 million Series D round.
Other investors in the round include Eigh... |
| 05.12.2019 | Shadowfax scores $60 Mn Series D round led by Flipkart | E-commerce and hyperlocal focused B2B logistics enabler Shadowfax has raised $60 million in a Series D round led by Flipkart. The e-commerce marketplace was in talks with the Bengaluru-based logistics firm for over four months.
Existing inv... |
| 05.12.2019 | Flipkart leads $60M investment in logistics startup Shadowfax | Walmart’s Flipkart has backed Indian startup Shadowfax in a new $60 million financing round as the retail giant works to strengthen its logistics network in the nation.
Flipkart led the Series D financing round for the four-year-old Bangalo... |
| 05.12.2019 | Flipkart leads $60M investment in logistics startup Shadowfax | - |
| 05.12.2019 | Shadowfax announces $60Mn financing round led by Flipkart group and existing investors | Bengaluru – December 5, 2019: Flipkart, India’s leading e-commerce marketplace, today announced a strategic minority investment in Shadowfax, India’s only cross-category, fullstack logistics platform founded in 2015. This investment is part... |
| 05.12.2019 | Shadowfax raises Rs 430 cr in funding round led by Flipkart | Logistics firm Shadowfax has raised around Rs 430 crore in a funding round led by e-commerce player Flipkart.
Eight Roads Ventures, NGP Capital, Qualcomm Ventures, Mirae Asset Naver Fund and the World Bank-backed IFC also participated in th... |
| 30.08.2019 | Flipkart to invest USD 40 million in last-mile delivery startup Shadowfax | Bengaluru-based e-commerce major Flipkart is in talks with last-mile delivery startup Shadowfax for a likely investment of around USD 40 million as it expects its online sales to go up during the three-month long festive period that would r... |
| 29.08.2018 | Term Sheet — Wednesday, August 29 | CRUNCHING THE NUMBERS
Amidst all the back and forth about whether Elon Musk cried or did not cry during his recent New York Times interview, my colleague Shawn Tully took a look at something much less emotional — Tesla’s numbers.
Paid Conte... |
| 27.08.2018 | Shadowfax Technologies Raises $22M in Series C Funding | Shadowfax Technologies, a Bengaluru, Karnataka, India-based on-demand delivery startup, raised $22m in Series C funding.
The round was led by NGP Capital, with participation from Qualcomm Ventures, the investment arm of Qualcomm, Mirae Asse... |
| 08.08.2018 | Shadowfax receives $22 m in Series C funding | Shadowfax, India’s leader in the online-2-offline (O2O) logistics segment, on Wednesday, said it has closed $ 22 million (Rs. 150 crore) Series C funding led by NGP Capital.
Qualcomm Ventures (the investment arm of Qualcomm Incorporated), M... |
| 08.08.2018 | Logistics startup Shadowfax raises $22m Series C round led by NGP Capital | Premium
On-demand delivery startup Shadowfax Technologies Pvt Ltd on Tuesday announced that it has raised $22 million in a Series C funding round led by NGP Capital.
Continue reading this story with a subscription to DealStreetAsia.
Subscri... |
| 08.08.2018 | On-demand logistics firm Shadowfax bags $22 million in Series C | - |
| 07.08.2018 | Logistics startup Shadowfax raises $22 mn from NGP Capital, others | Startups
Shadowfax Tuesday raised $22 million in Series C round of funding led by NGP Capital. Qualcomm Ventures, Mirae Asset. Existing investor, Eight Roads Ventures also participated in the round.
It will use the fund for scaling up the b... |
| 07.08.2018 | Shadowfax receives $ 22 million in Series C funding - poised to become the market leader in last mile express logistics segment | August 07, 2018, Bengaluru: Shadowfax, India’s market leader in the Online-2-Offline (O2O) logistics segment, announced today that it has closed $ 22 million in Series C funding led by NGP Capital. Qualcomm Ventures (the investment arm of Q... |
| 07.08.2018 | B2B logistics enabler Shadowfax bags $22 Mn Series C round led by NGP Capital | E-commerce and hyperlocal focused B2B logistics platform Shadowfax has raised $22 million in Series C funding led by Nokia Group Partner (NGP) Capital. Qualcomm Ventures, Mirae Asset and existing investor Eight Roads Ventures also participa... |
| 26.12.2016 | India: Shadowfax raises $10m Series B round led by Eight Roads Ventures | Premium
On-demand hyper-local delivery startup Shadowfax Technologies Pvt Ltd has raised $10 million in Series B round led by existing investor Eight Road Ventures, according to a statement.
Continue reading this story with a subscription t... |
| 05.01.2016 | Indian Hyperlocal Delivery Startup Grofers Pulls Out Of 9 Cities | Grofers, the Indian on-demand delivery service startup backed by top investors, confirmed today that it has stopped operating in nine cities as first reported in Inc42.
The decision to pull out of Bhopal, Bhubaneswar, Coimbatore, Kochi, Lud... |
| 21.10.2015 | Hyperlocal Logistics Startup Opinio Lands $7M Series A To Launch In New Indian Cities | One of Opinio’s deliverymen, who they call “ground pilots”
Opinio is the latest hyperlocal delivery startup in India to score funding. The company announced today that it has raised a $7 million Series A from Delhivery, a logistics firm, Sa... |
| 14.09.2015 | ShadowFax gets $9M from Eight Roads | ShadowFax Technologies Pvt Ltd, a hyperlocal delivery services startup for restaurants and retailers, has secured $9 million (Rs 60 crore) in Series A funding round from Eight Roads Ventures, the investment arm of Fidelity International Ltd... |
| 17.08.2015 | Daily funding roundup - August 17, 2015 | Ryan secured $300M; EnTouch Controls landed $6M; LevelEleven closed $2M
UK-based Loyalty Bay has raised $1 million + in a late seed funding round to power its service, which helps businesses increase any conversion metric on their web prope... |
| - | Flipkart To Bet On Grocery Again – Goes Up Against Amazon For $400 Mn Market | Homegrown ecommerce unicorn Flipkart is planning to enter the grocery category again.
Speaking at an event organised by TiE DelhiNCR on Friday, Flipkart’s CEO Kalyan Krishnamurthy confirmed the development, talking to ET. He said, “Eighty p... |
| - | Shadowfax raises $100M in Series E round led by TPG NewQuest
Recommended Stories For You | Shadowfax, the Bengaluru-headquartered logistics startup, raised $100 million in a Series E funding round led by TPG NewQuest.
The round, which is a blend of primary, secondary, and venture debt transactions, also saw participation from exi... |
| - | Shadowfax | “Experience fast, reliable logistics with Shadowfax, India's leading delivery provider, offering innovative solutions for eCommerce, SMEs, and hyperlocal businesses.” |
| - | Mumbai Based Hyperlocal Delivery App Scootsy Raises $3.6 Mn From Agnus Capital, Others | Mumbai-headquartered discovery and delivery service provider Scootsy has raised a $3.6 Mn Pre-Series A round led by Agnus Capital and Khattar Holdings. AntFarm, Scootsy’s incubator, also participated in this investment round.
Founded in Jul... |
| - | Flipkart to invest US $ 40 million in logistics start-up Shadowfax | Image Courtesy: newsroom.shadowfax.in
With the festive season approaching, Flipkart is looking to ramp up its delivery system! The e-commerce giant is all set to invest around US $ 40 million in logistics start-up Shadowfax.
Investing in Sh... |
| - | Венчурные сделки недели: 7 — 13 сентября | Вторая неделя сентября была менее активной, чем первая, но тем не менее подтверждаются те тенденции, которые мы отметили в предыдущих обзорах – интерес к рынку AdTech и рост on-demand сервисов по всему миру. Посмотрим на самые интересные сд... |
| - | Shadowfax raises $100 million Series E round led by TPG New Quest | Shadowfax raises $100 million Series E round led by TPG New Quest
2 min read 27 Feb 2024, 06:46 PM IST Join us Sneha Shah
Given that the company is already profitable, it will look for more inorganic opportunities, and plans to list on Indi... |
| - | Amazon To Soon Get Final Nod From DIPP To Invest $500 Mn In Food Retail | Image Credit
Amazon will soon get DIPP approval to invest the proposed $500 Mn amount in a wholly-owned food retail venture in India, over a five-year period.
Post DIPP approval, Amazon can then stock locally produced food items and sell th... |
| - | Grofers Partners With Reliance Fresh, Starts Operations In 5 New Cities | Gurugram-based hyperlocal grocery delivery startup, Grofers has forged a pan-India partnership with Reliance Fresh.
In the first phase of a nationwide rollout, the partnership will bring Reliance Fresh stores in 14 cities onto the Grofers p... |
| - | Flipkart Plans To Invest $40 Mn In Logistics Startup Shadowfax To Improve Doorstep Delivery | In a move to enhance its doorstep delivery ahead of the festive season, Flipkart is reportedly close to investing in logistics startup Shadowfax. The company is said to be in advanced talks to invest $40 Mn in the Bengaluru-based startup.
S... |
| - | Flipkart leads US $ 60M Series D round for logistics start-up Shadowfax | Image Courtesy: insights.qualcommventures.com
Walmart-owned Flipkart has been making an array of investments in multiple ventures and initiatives.
In order to gain traction in the market against rival Amazon, Flipkart has made yet another i... |
| - | Shadowfax Receives $22 Mn Funding To Attain 150% YOY Growth For Next 5 Years | Shadowfax, a Bengaluru-based online-to-offline (O2O) logistics company, has closed a $22 Mn Series C funding round led by NGP Capital.
Qualcomm Ventures (the investment arm of Qualcomm Incorporated), Mirae Asset, and Shadowfax’s existing in... |
