Logistics startup ShadowFax raises INR 68 crore
Monday, December 26, 2016, 12:29 PM
On-demand delivery startup ShadowFax has raised Rs 68 crore in Series B funding led by existing investor Eight Roads Ventures, an investment arm of Fidelity International Ltd. Eight Roads said that the investment will help Shadowfax build its network, and stabilize performance in existing cities. ShadowFax is an intra-city logistics services provider to neighbourhood merchants, grocery shops, pharmacies and e-commerce clients.