What is ShadowFax? ShadowFax Review

Background of ShadowFax

Shadowfax was founded in April 2015 by two alumni of the Indian Institute of Technology, Delhi, Abhishek Bansal and Vaibhav Khandelwal. The first person to be optimistic about these two entrepreneurs was Kunal Bahl, co-founder of the well-known Indian e-commerce giant Snapdeal. He, together with Zishaan Hayath of Powai Lake Ventures and Prashant Malik, co-founder of Limeroad, provided Shadowfax with a seed round of financing of US$300,000.

ShadowFax Basic Introduction

Shadowfax's customers are mainly Amazon, Swiggy, BigBasket, Nyka, Paytm, etc. Shadowfax provides local, same-day and next-day delivery services, and provides logistics services in more than 150 towns in India.

Shadowfax is India's largest crowdsourced logistics delivery platform, with operations covering seventy-five cities in the country and the ability to process approximately 3 million orders per month. The company mainly provides delivery solutions for e-commerce companies, including e-commerce service aggregators in various vertical industries such as food and medicine.

ShadowFax Competitors

Shadowfax's main competitors include Delhivery, Ecom Express, XpressBee and Dunzo. It is worth noting that with these investments, ShadowFax also plans to enter different fields. So in the future, it will compete with companies like Grofers and Peppertap.

ShadowFax Financing

In September 2015, ShadowFax received $8.5 million in Series A funding from Eight Roads Ventures.

In December 2016, Shadowfax announced that it had received a $10 million Series B financing, led by Eight Road Ventures, a well-known venture capital firm that had previously invested in the company and is an investment division of Fidelity International Ltd.

In November 2018, Shadowfax, India's largest crowdsourcing logistics delivery platform, announced the completion of a $22 million Series C financing round led by Nokia Growth Partners (NGP Capital), with participation from Qualcomm Ventures, Mirae Asset and old shareholder Eight Roads Ventures.

In August 2019, Flipkart will invest US$40 million in logistics startup Shadowfax to solve the last-mile delivery problem.

ShadowFax Development History

In April 2015, Shadowfax was established.

In 2016, ShadowFax acquired Pickingo in a cash and stock transaction.

In 2017, Shadowfax also acquired Sequoia Capital-backed Nuvo Ex, further consolidating its leadership in India’s reverse logistics market.

The company’s revenue tripled to Rs 76.3 crore in FY18 from Rs 31.7 crore in FY17, while its losses narrowed to Rs 21.2 crore from Rs 28.5 crore in FY17.