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Funding

Flipkart leads Shadowfax's $60 million Series D

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Shadowfax logo
Date
Company
Shadowfax
What it does
Logistics startup, Bengaluru
Kind
Funding
Amount
$60 million
Stage
Series D
Based in
Bengaluru
Founded
2015

What they do

Flipkart headed the Series D round, putting about $30 million of its own money into the logistics startup, according to sources

What happened

Existing backers Eight Roads, Nokia Growth Partners, Qualcomm Ventures, Mirae Asset-Naver and IFC also joined, lifting total funding to $100 million

Why it matters

The round reportedly valued the four-year-old company near $250 million, a figure the company declined to confirm

The details

  • Shadowfax raised $60 million in a Series D round in December 2019.
  • Flipkart led the round as it built up its delivery network.
  • Total money raised by the startup reached $100 million.
  • Valuation was put near $250 million by people familiar with the deal.

Investors

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