Shadowfax Technologies Limited files Confidential DRHP for Rs. 2,500 crore IPO with SEBI

Shadowfax Technologies Limited, India’s leading logistics service provider has filed a confidential draft red herring prospectus with SEBI for an initial public offering.

As per sources, the IPO size is expected to be in the range of Rs. 2,000 – Rs. 2,500 crore, comprising of a mix of fresh issue and offer for sale (OFS) by existing shareholders. The company is expected to be valued around Rs. 8,500 crore.

In its last fundraise in February 2025, the company raised a primary and secondary capital at an approximate valuation of Rs. 6,000 crore.

The company plans to utilize the proceeds the fresh issue towards enhancing capacity, driving growth, and further investments in the company’s network business, according to sources.

The e-commerce segment is the major revenue contributor, accounting for around 75% of the business. The remaining comes from quick commerce and hyperlocal deliveries.

Shadowfax is backed by marquee investors such as Flipkart, TPG, Eight Roads Ventures, Mirae Asset Ventures and Nokia Growth Funds.

Shadowfax stands as India’s leading logistics service provider for e-commerce express parcel and value-added services. With a robust distribution network covering over 2,200+ cities and more than 14,300 PIN codes, Shadowfax has established itself as a market leader in the logistics industry.

Shadowfax Technologies Launches India's 1st Delivery SuperApp To Empower Riders and Sellers

The SuperApp will be One App for All Companies; multiple opportunities for riders on a single platform

With a vision to transform delivery experience in the country, Shadowfax Technologies, India’s leading crowdsourced logistics platform, today announced the launch of India’s first delivery SuperApp. The app's primary goal would be to accelerate growth of delivery partners by empowering them to access multiple opportunities via a single platform.

There has been a rapid surge of delivery and blue-collar job opportunities over the last few months, which is expected to continue, creating plenty of job opportunities for riders. The idea arose from the current challenge of signing into/ keeping multiple apps, which becomes time-consuming and sub-optimal as the riders may miss out on opportunities.

The SuperApp is specifically designed to address this issue and aid convenience for the delivery partners. With this, riders can access all companies through one app without having to register themselves individually with each company. This process is time-saving, convenient and seamless and provides access to complete information, thus increasing their earning shots.

For the sellers, the platform will be a personalised engine to upsell, cross sell and increase customer connect through tech enabled last mile delivery.

Speaking about the launch of the SuperApp and its purpose, Mr. Abhishek Bansal, Co-Founder and CEO Shadowfax Technologies, said, “We take immense pride in launching this app as we expect it to be a life-changer for thousands of riders and millions of lives and consider it crucial for the evolving delivery sector in India.

We look at this platform as a great leveler as it gives accessibility to a plethora of opportunities. Riders get the benefits of greater flexibility, convenience, and better income while the companies can increase their rider base on a need basis, allowing them to scale up seamlessly without any additional scale up costs.”

SuperApp is based on 4 moats- Brand of choice for all delivery partners, Platform to provide infinite flex, Lowest delivery costs and maximum earnings and Best in class customer experience. Post thorough research and analysis, the company has embedded the app with advanced and efficient technology that aims at reducing the cost of last mile delivery. AI/ML powered location based tracking is enabling delivery partners to grab more opportunities within their closest proximity.

This is the first delivery SuperApp in India that offers access to maximum companies on the same platform. The riders will also be able to leverage on the exciting offers and daily payouts with add-on financial benefits like loans and insurance.

About Shadowfax Technologies

Shadowfax is the largest on-Demand tech enabled gig marketplace to help enterprises outsource last mile tasks. Shadowfax employs technology and AI to offer supply that keeps pace with demand in the fast growing and highly fragmented hyperlocal distribution ecosystem and ensures an incredible end-customer experience.

The Shadowfax app has more than a million downloads, and is designed as an immersive platform for delivery and is a single app that works across multiple platforms. The app is used as an avenue for guaranteed earnings across multiple E-com and Hyperlocal platforms.

Shadowfax has been consistently widening its area of operations by expanding in E-commerce and Hyperlocal segments and getting into new growth areas like grocery distribution.

Shadowfax has extremely friendly employee policies that are designed to be highly empathetic and are always looking for ways to make the riders lives better, and transform the appeal of delivery and other blue-collar jobs as an attractive career option. A job at Shadowfax ensures strong earning potential along with a high degree of flexibility and freedom along with support services like loans, and insurance.

Shadowfax was co-founded by Abhishek Bansal, Gaurav Jaithliya, Praharsh Chandra, and Vaibhav Khandelwal in 2015. Over the last six years, it has now grown to a team size of close to 5000 employees with 100K+ daily active users(delivery partners) in more than 600+ cities in India, fulfilling 500k+ orders per day, in over 7000+ pin codes.

Shadowfax Technologies Appoints Ex-Flipkart Official Sumit Pilankar as VP Engineering & Technology

Sumit Pilankar-Vice President- Engineering and Technology-Shadowfax Technologies

Shadowfax Technologies, India’s leading crowdsourced logistics platform today announced the latest addition to its senior leadership team. To further strengthen the technology vertical and make a strategic move towards the larger business goals at Shadowfax, the company has appointed Sumit Pilankar as the Vice President- Engineering and Technology.

With over 17 years of rich experience in the technology industry, Sumit will be taking charge of spearheading the engineering and technology unit, and will be reporting to Vaibhav Khandelwal, Co-founder & CTO, Shadowfax Technologies. His role will involve creating innovative tech enabled solutions to power last mile delivery services. Prior to joining Shadowfax, Sumit had led technology intervention in various organisations like Flipkart, Holiday IQ, WordPoint Technologies and Kudos Infomedia.

Expressing his thoughts on his new stint, Sumit Pilankar, Vice President - Engineering & Technology, Shadowfax Technologies said, “I have been closely following the developments in the Indian logistics and supply chain industry and believe that technology has the potential to be the game changer. The industry has been transforming from manual to data driven decision making and this when coupled with the latest technologies will enhance the experiences for all stakeholders. I am glad to be at a place which believes in innovation and is setting up new benchmarks in ensuring customer delight each day. I will focus on leading this growth and implementing the right strategies for scaling up the business.”

Sharing the vision for the company's growth aligned to the latest developments, Mr. Vaibhav Khandelwal, Co-founder & CTO, Shadowfax Technologies said -

We are a growing and dynamic company. Our core has always been delivering value to our customers and helping them create enhanced experience for the end-customers. At Shadowfax, we leverage technology to build best in class logistics solutions that are efficient, cost-effective, and agile to service a vast range of businesses thereby adding value to the lives of our partners and patrons. We are excited to welcome Sumit on-board and continue to ameliorate this journey towards excellence.

Shadowfax’s proprietary API enables customers across segments to schedule and deliver goods to end consumers without incurring the overhead cost of hiring, maintaining, and retaining a logistics chain and resources. The company's plug-and-play technology seamlessly bridges the logistical gap between businesses and their customers. Shadowfax is focused on building the fastest and most reliable logistics network by empowering a million micro-entrepreneurs through technology to deliver anything, anywhere, anytime.

Shadowfax Ties Up with ASSOCHAM to Upskill and Employ Youth under the Skill India Mission

Shadowfax, India’s only crowdsourced, cross-category, full-stack logistics platform, has joined hands with the Associated Chambers of Commerce & Industry of India, ASSOCHAM, in a first-of-its-kind and an exclusive partnership to promote micro entrepreneurship in gig economy under the aegis of Government of India’s Skill India Mission initiative. 

With the gig economy gaining traction, logistics and delivery are the sunshine sectors providing immense employment and entrepreneurial opportunities. Under this partnership, ASSOCHAM, which is an independent body, will work closely with the government to create awareness about the benefits of working in this attractive sector and the right candidates shall be trained as per government standards to make them employment ready for the delivery & hospitality sector. 

Once trained, these fully skilled human resources will be provided business and entrepreneurship opportunities in delivery sector through the crowdsourced Shadowfax logistics platform. This first-of-its-kind socio-economic association is expected to create an additional resource pool of 1.6 lakh trained delivery personnel in the course of next two years across India including metros, tier 2, tier 3 cities and even rural areas. 

Sharing the details of the partnership, Saurabh Sharma, V.P. Growth & Expansion, Shadowfax said, “We are privileged to partnerwith ASSOCHAM in this socio-economic initiative under the Skill India mission. The Shadowfax delivery partners are all microentrepreneurs who, if they choose to, rewrite their destiny a little better every day. This partnership which seeks to upskill more than 150000 youth to make them employable, is in line with our corporate social mission to create a million microentrepreneurs by 2023. It is also in sync with our business goal to increase our footprints to a 600+ Indian cities and towns as the project will provide us a ready pool of trained delivery partners from across India including metros, tier 2-3 cities and towns and even rural areas including parts of J&K and North-East India. We expect this Shadowfax-ASSOCHAM partnership to set an exemplary instance of the best kind of socio-corporate tie-up."

Speaking on the occasion, Maninder Singh Nayyar, Co-Chairman, Skill & Entrepreneurship ASSOCHAM, said, “ASSOCHAM has found a worthy partner in Shadowfax, a company which believes in not only providing gainful employment but also in sowing the seeds of entrepreneurship in its workforce. Upskilling alone does not help our youth, they need enough business opportunities to prove their mettle. Our partnership with Shadowfax will provide our trained youth right and ample opportunities to make their mark. The project alone is expected to add approximately 20% more delivery personnel to the existing pool with reputed organizations like Bal Bharti Academy also supporting this initiative at pan India level."

Ajay Sharma, Assistant Secretary General, ASSOCHAM, added, “GOI has allocated handsome amount for skill development under various programs. ASSOCHAM will identify and train each selected youth as per standards set out by the government under the aegis of this initiative. The project is expected to add approximately 2 lakh delivery personnel to the current 10 lakh+ community."

About Shadowfax

Shadowfax - India’s largest crowdsourced logistics platform, was established in 2015 withthe vision of enabling commerce by empowering lives for everyone, everywhere. The Shadowfax technology platform optimizes for best-in-class partner efficiency and uniteconomics. It’s AI based location processing engine, using location data from orderprocessing, enables highest service levels among its competitors. Driven by a massiveword-of-mouth growth in the India market, Shadowfax has the lowest partner acquisition cost in its segment. Shadowfax APIs are available for small as well as enterprise businesses throughout India for seamless and trustworthy logistics service.

About ASSOCHAM

ASSOCHAM initiated its endeavour of value creation for Indian industry in 1920. Having in its fold over 400 Chambers and Trade Associations and serving over 4.5 lakh members across India. ASSOCHAM has emerged as the fountainhead of Knowledge for Indian industry, which is all set to redefine the dynamics of growth and development in the Knowledge Based Economy. 

Shadowfax gets Industry Senior Shamik Sharma as Independent Board Director

Shadowfax, India’s leading logistics player has announced the appointment of Shamik Sharma as an Independent Board Director, another strategic hiring in quick succession. With this announcement, the company aims to bring in a strong technical and business mentorship as it pursues its fast growth trajectory. The company aims to focus on consistency, quality control, business planning along with financial acumen for overall robust growth in the long run.

Shamik brings many years of solid experience building technology-driven business in the Silicon Valley as well as in India. He was a successful tech entrepreneur in the Bay area, and also held senior roles at HP, Yahoo, RockYou&Lytro.

Recently, as part of the leadership team at Myntra, he built and managed the product, engineering, UX and data-science teams. His deep business insights come from building strong teams and leading companies through different phases - including rapid growth, difficult economic times, periods of aggressive competition and successful exits.

Shamik will be advising Shadowfax as an independent Board director for its extensive logistics business.

"Last-mile logistics is a core pillar of the new economy. Shadowfax is building a very important service which matches delivery partners with customer needs in real-time using technology. I am very excited to work with the really innovative team at Shadowfax to take the business to the next level”, said Shamik Sharma on his appointment as an Independent Director.

“It’s been amazing to bring Shamik on board who has aunique mix of large technical and business experience. We look forward to leverage his in-depth knowledge and expertise to help Shadowfax achieve the desired growth in a longer run” said Abhishek Bansal, Co-Founder &CEO, Shadowfax.

The company has multiplied its capabilities three-times, since its inception and has projected a 150% year-on-year growth for the next five years. Shadowfax has recently made two other strategic hires to its leadership team, as reported earlier.

Headquartered in Bangalore, Shadowfax id a brainchild of two IIT Delhi alumni, started in 2015 with an aim to make instant deliveries a reality in India. Its logistics gateway for businesses, operating on a plug-and-play the format offers an on-demand delivery service platform to its clients. The technology enables customers to make fast, safe and reliable deliveries by instantly connecting them (businesses/e-tailers /retailers) with the company’s extensive network of 50000+ Delivery Partners spread across 150+ cities and towns in India. Operating on an asset-light model, Shadowfax currently fulfills 1.5 lakhs unique orders a day in food, grocery, fashion, pharmacy, furniture, e-commerce, and traditional business sectors. Shadowfax's strong technology the platform is integrated with most new age e-commerce ventures like Flipkart, Amazon, Swiggy, Big Basket and many others including smaller restaurants, merchants and retailers. Shadowfax is on a mission to connect the next million micro entrepreneurs and suppliers in logistics using a singular platform/IOT to bridge the information gap and eradicate the inefficiencies across the value chain. Its vision is to become the partner of first choice for all businesses through a plug and play platform for instant delivery services.

Shadowfax Appoints Praveen Kumar KJ as the CFO and Rohit Gupta as VP-Business Development and Strategy

India’s leading logistics player has announced two strategic hires to its leadership team. Praveen Kumar KJ joins as the Chief Financial Officer and Rohit Gupta as the Vice President, Business Development and Strategy at Shadowfax. With these two senior hiring’s, the company has signaled its growth intentions for near future.

The company has multiplied its capabilities three-times, since its inception and has projected a

150% year-on-year growth for the next five years. The newly hired leaders will play a crucial role in maintaining Shadowfax’s overall growth momentum in the long run.

Praveen brings with him two decades worth of industry experience, 12 of which he spent at OnMobile, prior to joining Shadowfax. With a new CFO, Shadowfax aims to focus on consistency, quality control, business planning along with financial acumen for overall robust growth in the long run.

Before joining Shadowfax, Rohit was a Deputy Director at Myntra where his role included driving the business growth for private brands. Earlier, Rohit has served Mondelez International as Cluster Manager. At Shadowfax, he leads the business development for the e-commerce and hyper-local logistics business.

"Shadowfax is an encouraging startup which every entrepreneur desires to build. My endeavor at this juncture would be to utilize my knowledge and understandings to analyze the company's financial outlook and transparencies and strengthen them for a great future corporate performance. I look forward to working diligently with the core team as we build on the company's strong development and forward momentum”, opines Praveen Kumar KJ on his appointment as the Chief Financial Officer.

“I am delighted to join Shadowfax, I look forward to building up transformative technical strategies and inventive digital solutions to facilitate continued support to achieve determined business goals for Shadowfax”, said Rohit Gupta, Vice President, Business Development and Strategy.

“It’s been fantastic to bring two strong-minded, thorough professionals on board. Both Praveen and Rohit bring with them deep technical knowledge and leadership abilities in their respective roles to help us maintain a steady growth through our next stage of progression and beyond”, said Abhishek Bansal, Co-Founder &CEO, Shadowfax.

Shadowfax has recently announced its expansion in China market. By 2021 Shadowfax aims to connect 4 lakh new businesses and Delivery Partners to its platform, up from the current 40,000 connections. Shadowfax services will be available across 5000 pin codes all over India from this year.

Shadowfax, based in Bengaluru, a brainchild of two IIT Delhi alumni, started in 2015 with an aim to make instant deliveries a reality in India. Its logistics gateway for businesses, operating on a plug-and-play the format offers an on-demand delivery service platform to its clients. The technology enables customers to make fast, safe and reliable deliveries by instantly connecting them (businesses/e-tailers/retailers) with the company’s extensive network of 50000+ Delivery Partners spread across 150+ cities and towns in India. Operating on an asset-light model, Shadowfax currently fulfills 1.5 lakhs unique orders a day in food, grocery, fashion, pharmacy, furniture, e-commerce, and traditional business sectors. Shadowfax's strong technology the platform is integrated with most new age e-commerce ventures like Flipkart, Amazon, Swiggy, Big Basket and many others including smaller restaurants, merchants and retailers. Shadowfax is on a mission to connect the next million micro entrepreneurs and suppliers in logistics and aims to deliver 15 Lakh+ orders per day by 2021.

Logistics Tech Firm Shadowfax Receives $22 Million in Series C Funding

Bangalore-based 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 Qualcomm Incorporated), Mirae Asset and existing investor, Eight Roads Ventures, also joined the oversubscribed equity round.

Shadowfax survived the O2O logistics industry’s chaotic infancy period to emerge as the winner amongst India’s hyperlocal delivery start-ups. The company’s unique futuristic platform makes delivery seamless for diverse categories of products like grocery, food, fashion and electronics. Shadowfax currently fulfils 90,000 unique orders per day. It has multiplied its capabilities three-times in the last 16 months alone and is projecting 150% year-on-year growth for the next five years. The company will use the funds for a concentrated 360 scale-up and by the year 2021 it aims to connect 4 lakh new businesses and Delivery Partners to its platform, up from the current 40,000 connections.

Speaking on the funding, Abhishek Bansal, CEO, Shadowfax, said, “We are extremely glad that the market has recognised our work and our potential. This latest funding is a manifestation of the investors’ faith in us and our technology. We are ready to take multiple steps forward towards our mission of connecting the next million micro entrepreneurs and suppliers in logistics using a singular platform to bridge the information gap and eradicate inefficiencies across the value chain.”

He further added, “Shadowfax is continuously growing and delivering enviable results in a demanding and burgeoning O2O logistics sector where many other players have not been able to survive. Our technology, Frodo, gives us the edge by driving cost optimisations and enabling us to achieve higher service levels. The unique Shadowfax platform works on the concept of flattening the demand curve across the day which also ensures a much higher earning for our rider partners”.

NGP Capital has been investing in the sector globally. Upal Basu, Partner at NGP Capital said, “The rise in Indian consumers’ expectations for door-step deliveries at a time of their convenience has created a critical need for a national last-mile, independent logistics provider that can serve the needs of these demanding consumers and diverse suppliers at scale. The team at Shadowfax has demonstrated its ability to scale and serve customers using sophisticated mobile technologies and strong execution capabilities to create India’s last-mile logistics leader. We are excited to be a part of Shadowfax’s team and look forward to helping the company continue its rapid growth”.

Speaking about this investment, Varsha Tagare, Managing Director of Qualcomm Ventures India, said, “We were impressed by Shadowfax’s ability to deliver efficiencies in the hyperlocal segment by harnessing the power of mobile. We look forward to supporting the company through our investment and enabling collaborations with technical experts, who have domain expertise in mobile, to help the company’s quest towards delivering enhanced user experiences”.

Ashish Dave, Head – India Venture Investments for Mirae Asset said, “As we move into the next phase of Indian O2O story, the market needs efficient and distributed hyperlocal logistics platforms such as Shadowfax that serve evolving customer needs of faster and cheaper product delivery. Shadowfax marks our first of many other investments to follow in India”.

Last month, Shadowfax started its WINGS program as an endeavor to converge small and mid-sized logistics entrepreneurs and assimilate kirana stores, transporters, franchises, DCOs (Driver cum owners) and individual vehicle owners.

Shadowfax previously raised funds amounting to $18.5 million from Eight Roads Ventures in 2015 and 2016.
Affirming his faith in Shadowfax, Aditya Gurunath Systla, Principal at Eight Roads Ventures, said, “Eight Roads Ventures’ backing of Shadowfax in this third funding round reflects our belief in the Shadowfax model and its ability to deliver outstanding results to customers. It’s been a fascinating ride so far, and we are excited to see the next chapter of the Shadowfax story unfold.”

Shadowfax, founded in 2015, has successfully outrun its competitors with its unique Frodo technology, an AI based location stream processing engine which enables high frequency decision-making which in turn drives cost optimisation and enables the highest service levels in the industry. Shadowfax has been able to maintain high partner efficiency which has enabled best in class unit economics of 20% on a transaction level.
Currently present in 80+ cities across India, the company plans to increase coverage to 100+ locations in the next three months.

Since start of this year, a number of logistics startup have raised funds in a continuous chain of funding rounds. In May, Chennai-based logistics tech startup FreightBro raised an undisclosed amount in a seed round from Suresh Kumar, former global CIO of Bank of New York Mellon. Prior to which, Bengaluru-based Mojro, raised $650K in a funding round led by 1Crowd and its investor community

This was followed by $2 million funding of Chennai-based Pando, in a seed funding round led by Nexus Venture Partners.

Mumbai-based startup in the CleanTech-led cold chain logistics startup, Tessol, recently raised an undisclosed amount in follow-on equity funding from early stage venture capital firm 1Crowd, and existing investors Infuse Ventures and Ankur Capital.

Logistics Tech Firm Shadowfax Receives $22 Million in Series C Funding

Bangalore-based 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 Qualcomm Incorporated), Mirae Asset and existing investor, Eight Roads Ventures, also joined the oversubscribed equity round.

Shadowfax survived the O2O logistics industry’s chaotic infancy period to emerge as the winner amongst India’s hyperlocal delivery start-ups. The company’s unique futuristic platform makes delivery seamless for diverse categories of products like grocery, food, fashion and electronics. Shadowfax currently fulfils 90,000 unique orders per day. It has multiplied its capabilities three-times in the last 16 months alone and is projecting 150% year-on-year growth for the next five years. The company will use the funds for a concentrated 360 scale-up and by the year 2021 it aims to connect 4 lakh new businesses and Delivery Partners to its platform, up from the current 40,000 connections.

Speaking on the funding, Abhishek Bansal, CEO, Shadowfax, said, “We are extremely glad that the market has recognised our work and our potential. This latest funding is a manifestation of the investors’ faith in us and our technology. We are ready to take multiple steps forward towards our mission of connecting the next million micro entrepreneurs and suppliers in logistics using a singular platform to bridge the information gap and eradicate inefficiencies across the value chain.”

He further added, “Shadowfax is continuously growing and delivering enviable results in a demanding and burgeoning O2O logistics sector where many other players have not been able to survive. Our technology, Frodo, gives us the edge by driving cost optimisations and enabling us to achieve higher service levels. The unique Shadowfax platform works on the concept of flattening the demand curve across the day which also ensures a much higher earning for our rider partners”.

NGP Capital has been investing in the sector globally. Upal Basu, Partner at NGP Capital said, “The rise in Indian consumers’ expectations for door-step deliveries at a time of their convenience has created a critical need for a national last-mile, independent logistics provider that can serve the needs of these demanding consumers and diverse suppliers at scale. The team at Shadowfax has demonstrated its ability to scale and serve customers using sophisticated mobile technologies and strong execution capabilities to create India’s last-mile logistics leader. We are excited to be a part of Shadowfax’s team and look forward to helping the company continue its rapid growth”.

Speaking about this investment, Varsha Tagare, Managing Director of Qualcomm Ventures India, said, “We were impressed by Shadowfax’s ability to deliver efficiencies in the hyperlocal segment by harnessing the power of mobile. We look forward to supporting the company through our investment and enabling collaborations with technical experts, who have domain expertise in mobile, to help the company’s quest towards delivering enhanced user experiences”.

Ashish Dave, Head – India Venture Investments for Mirae Asset said, “As we move into the next phase of Indian O2O story, the market needs efficient and distributed hyperlocal logistics platforms such as Shadowfax that serve evolving customer needs of faster and cheaper product delivery. Shadowfax marks our first of many other investments to follow in India”.

Last month, Shadowfax started its WINGS program as an endeavor to converge small and mid-sized logistics entrepreneurs and assimilate kirana stores, transporters, franchises, DCOs (Driver cum owners) and individual vehicle owners.

Shadowfax previously raised funds amounting to $18.5 million from Eight Roads Ventures in 2015 and 2016.
Affirming his faith in Shadowfax, Aditya Gurunath Systla, Principal at Eight Roads Ventures, said, “Eight Roads Ventures’ backing of Shadowfax in this third funding round reflects our belief in the Shadowfax model and its ability to deliver outstanding results to customers. It’s been a fascinating ride so far, and we are excited to see the next chapter of the Shadowfax story unfold.”

Shadowfax, founded in 2015, has successfully outrun its competitors with its unique Frodo technology, an AI based location stream processing engine which enables high frequency decision-making which in turn drives cost optimisation and enables the highest service levels in the industry. Shadowfax has been able to maintain high partner efficiency which has enabled best in class unit economics of 20% on a transaction level.
Currently present in 80+ cities across India, the company plans to increase coverage to 100+ locations in the next three months.

Since start of this year, a number of logistics startup have raised funds in a continuous chain of funding rounds. In May, Chennai-based logistics tech startup FreightBro raised an undisclosed amount in a seed round from Suresh Kumar, former global CIO of Bank of New York Mellon. Prior to which, Bengaluru-based Mojro, raised $650K in a funding round led by 1Crowd and its investor community

This was followed by $2 million funding of Chennai-based Pando, in a seed funding round led by Nexus Venture Partners.

Mumbai-based startup in the CleanTech-led cold chain logistics startup, Tessol, recently raised an undisclosed amount in follow-on equity funding from early stage venture capital firm 1Crowd, and existing investors Infuse Ventures and Ankur Capital.

Shadowfax Launches Programme To Connect Small Entrepreneurs in Logistics Industry

Bangalore-based last-mile logistics service provider, Shadowfax, has initiated WINGS, a convergence program for small and medium entrepreneurs in the logistics industry.

Shadowfax has started the WINGS program as an endeavor to converge small and mid-sized logistics entrepreneurs. WINGS will utilise the local / regional entrepreneurs’ untapped delivery capacities to facilitate faster local movement of higher number of orders. This would result in enhanced earnings for the program participants. Through WINGS, the company plans to assimilate kirana stores, transporters, franchises, DCOs (Driver cum owners) and individual vehicle owners, all those having short-to-mid-range delivery capabilities, on its plug-n-play format platform.

WINGS program is an integral part of Shadowfax’s scale-up strategy for its asset-light business model. It is a win-win opportunity for the company and its delivery partners. The program partners will get to utilise their unused capacities resulting in enhanced earning while widening the company’s reach in yet unchartered territories. Also, it aims to bridge the gap between supply and demand by bringing everyone together on the Shadowfax platform and reduce supply chain inefficiencies. All individuals as well as businesses with unutilized logistics resources such as mini trucks or delivery personnel will be the target audience for this program. Through the wings partners, Shadowfax expects to deliver 1.5 lakh orders per day up in the next two years up from the initial 15,000 orders planned to be executed per day through this program.

On the launch of WINGS program, Abhishek Bansal, Founder and CEO Shadowfax, said, “WINGS represents a great opportunity for integration of businesses. Inclusion of smaller and mid-sized logistics businesses on Shadowfax’s platform will be a game-changer in the last mile delivery business. The program promises increased business opportunities and hence, increased earning potential for all. Our commitment to our clients for the best and fastest delivery will get fulfilled on a greater scale, and those who associate themselves with the program have added advantage of both monetary and exclusive nature. And when I say exclusive, it means that they can learn more about potential markets and how to tap into them, which will help their own business grow. In the end, it is a complete win-win situation for all.”

Shadowfax is also planning offline centers to acquire partners on WINGS and educate everyone on the Shadowfax model and how it can transform the logistics ecosystem of India by bringing various stakeholders closer and reducing inefficiency in systems.

Founded in 2015 by two IIT Delhi alumni, ShadowFax aims to make instant deliveries a reality in India. Its logistics gateway for businesses, operating on a plug-and-play format, offers an on-demand delivery service platform to its clients. The technology enables customers to make fast, safe and reliable deliveries by instantly connecting them (businesses/e- tailers /retailers) with the company’s extensive network of 30,000+ Delivery Partners spread across 80+ cities and towns in India.

Operating on an asset-light model, Shadowfax currently fulfills 90,000+ unique orders a day in food, grocery, fashion, pharmacy, furniture, e-commerce and traditional business sectors. The company services wide variety of clients like Dominos, Big Basket, Amazon, PayTM, Flipkart, Myntra, McDonald’s, 1MG, and many others including smaller restaurants, merchants and retailers.

Shadowfax is on a mission to connect the next million micro entrepreneurs and suppliers in logistics and aims to deliver 10 Lakh+ orders per day by 2021.

Shadowfax Launches Programme To Connect Small Entrepreneurs in Logistics Industry

Bangalore-based last-mile logistics service provider, Shadowfax, has initiated WINGS, a convergence program for small and medium entrepreneurs in the logistics industry.

Shadowfax has started the WINGS program as an endeavor to converge small and mid-sized logistics entrepreneurs. WINGS will utilise the local / regional entrepreneurs’ untapped delivery capacities to facilitate faster local movement of higher number of orders. This would result in enhanced earnings for the program participants. Through WINGS, the company plans to assimilate kirana stores, transporters, franchises, DCOs (Driver cum owners) and individual vehicle owners, all those having short-to-mid-range delivery capabilities, on its plug-n-play format platform.

WINGS program is an integral part of Shadowfax’s scale-up strategy for its asset-light business model. It is a win-win opportunity for the company and its delivery partners. The program partners will get to utilise their unused capacities resulting in enhanced earning while widening the company’s reach in yet unchartered territories. Also, it aims to bridge the gap between supply and demand by bringing everyone together on the Shadowfax platform and reduce supply chain inefficiencies. All individuals as well as businesses with unutilized logistics resources such as mini trucks or delivery personnel will be the target audience for this program. Through the wings partners, Shadowfax expects to deliver 1.5 lakh orders per day up in the next two years up from the initial 15,000 orders planned to be executed per day through this program.

On the launch of WINGS program, Abhishek Bansal, Founder and CEO Shadowfax, said, “WINGS represents a great opportunity for integration of businesses. Inclusion of smaller and mid-sized logistics businesses on Shadowfax’s platform will be a game-changer in the last mile delivery business. The program promises increased business opportunities and hence, increased earning potential for all. Our commitment to our clients for the best and fastest delivery will get fulfilled on a greater scale, and those who associate themselves with the program have added advantage of both monetary and exclusive nature. And when I say exclusive, it means that they can learn more about potential markets and how to tap into them, which will help their own business grow. In the end, it is a complete win-win situation for all.”

Shadowfax is also planning offline centers to acquire partners on WINGS and educate everyone on the Shadowfax model and how it can transform the logistics ecosystem of India by bringing various stakeholders closer and reducing inefficiency in systems.

Founded in 2015 by two IIT Delhi alumni, ShadowFax aims to make instant deliveries a reality in India. Its logistics gateway for businesses, operating on a plug-and-play format, offers an on-demand delivery service platform to its clients. The technology enables customers to make fast, safe and reliable deliveries by instantly connecting them (businesses/e- tailers /retailers) with the company’s extensive network of 30,000+ Delivery Partners spread across 80+ cities and towns in India.

Operating on an asset-light model, Shadowfax currently fulfills 90,000+ unique orders a day in food, grocery, fashion, pharmacy, furniture, e-commerce and traditional business sectors. The company services wide variety of clients like Dominos, Big Basket, Amazon, PayTM, Flipkart, Myntra, McDonald’s, 1MG, and many others including smaller restaurants, merchants and retailers.

Shadowfax is on a mission to connect the next million micro entrepreneurs and suppliers in logistics and aims to deliver 10 Lakh+ orders per day by 2021.