Shadowfax Announces Dollar 60mn Financing Round Led by Flipkart Group and Existing Investors

Flipkart Invests in Shadowfax to Strengthen the Hyperlocal Ecosystem

Flipkart, India’s leading e-commerce marketplace, announced a strategic minority investment in Shadowfax. Shadowfax is a full-stack logistics platform founded in 2015.

This investment is part of Shadowfax’s $60 million Series D funding round. Other investors include:

• Eight Roads Ventures
• NGP Capital
• Qualcomm Ventures
• Mirae Asset–Naver Fund
• World Bank-backed IFC

Shadowfax: Powering Logistics Across India

Shadowfax enables smooth and fast deliveries across India. The platform currently handles 10 million shipments every month.

These deliveries span multiple categories, including

• Food and groceries
• Fashion and electronics
• Other e-commerce products

In the last two years, Shadowfax has grown 6x. The company has:

• Over 100,000 registered delivery partners
• A tech-driven, crowdsourced delivery model
• Tools that help partners earn more by working across categories

Strengthening Flipkart’s Hyperlocal Strategy

Flipkart already works closely with Shadowfax for logistics support across categories.

With this investment, Flipkart aims to grow its hyperlocal ecosystem by:

• Bringing local Kirana stores into e-commerce
• Placing inventory closer to customers
• Using Kirana stores’ existing space and stock

This approach helps:

• Reduce delivery time
• Improve customer experience
• Unlock new opportunities in groceries and fresh produce

Shadowfax’s strong technology and fulfillment network will play a key role in this expansion.

Scaling Technology and Talent

The new funding will help Shadowfax grow faster.

The company plans to use the funds to:

• Strengthen its technology platform
• Hire skilled talent
• Scale shipments to 100 million per month

Leadership Speak

Abhishek Bansal, CEO, Shadowfax, said:

“This funding will help us build long-term capabilities for India’s logistics ecosystem. Working closely with Flipkart allows us to learn from global best practices. Together, we aim to innovate at scale and create one million micro-entrepreneurs over the next five years.”

Kalyan Krishnamurthy, CEO, Flipkart, added:

“Hyperlocal delivery is key to improving customer experience. Our partnership with Shadowfax has shown strong results. Their technology and delivery network will help us reduce delivery time and serve customers better across categories.”

About Shadowfax

Founded in 2015, Shadowfax is India’s largest crowdsourced logistics platform. The company focuses on:

• Fast and reliable last-mile delivery
• Scalable logistics solutions
• Empowering delivery partners across India

Key strengths include:

• A large partner network
• AI-powered location and routing technology
• Low partner acquisition cost
• APIs for both small businesses and large enterprises

Shadowfax continues to lead innovation in last-mile logistics.

About Flipkart

The Flipkart Group is one of India’s leading digital commerce companies. It includes:

• Flipkart
• Myntra
• Jabong
• PhonePe

Founded in 2007, Flipkart has:

• Over 200 million registered customers
• 150 million products across 80+ categories

Flipkart is known for customer-first innovations such as

• Cash on Delivery
• No Cost EMI
• Easy returns

Along with Myntra, Jabong, and PhonePe, Flipkart continues to transform commerce in India through technology.