Funding
Shadowfax raises $100 million Series E led by TPG NewQuest
By Startup Enthusiast ·
- Date
- Company
- Shadowfax
- What it does
- Logistics and delivery, India
- Kind
- Funding
- Amount
- $100 million
- Stage
- Series E
- Based in
- Bengaluru
- Founded
- 2015
What they do
TPG NewQuest led the Series E, with existing investors Mirae Asset, Flipkart, IFC, Nokia Growth Partners, Qualcomm and Trifecta Capital joining in
What happened
Eight Roads, which led the first institutional round in 2015, sold part of its holding in the same deal
Why it matters
The money went into a delivery business that had by then spent almost a decade building its network
The details
- Shadowfax raised $100 million in a Series E round in February 2024.
- TPG NewQuest led, with most older backers returning.
- Eight Roads made a partial exit (sold some shares) in the round.
Investors
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