Shadowfax secures $100M funding to accelerate growth in the booming instant delivery market
Summary
According to Abhishek Bansal, co-founder and CEO of Shadowfax, the wider adoption of quick-commerce in India has been instrumental in the companys growth. Bansal proudly claims that Shadowfax has not lost a single customer in its five years of operation, highlighting the companys commitment to providing reliable and efficient delivery services.Amit Gupta, Partner and Head of India and Southeast Asia at TPG NewQuest, describes Shadowfax as a company that is revolutionizing the e-commerce logistics sector in India. The venture firm Mirae Asset, which participated in this funding round, also sees the potential for growth in the logistics industry. The companys focus on streamlining last-mile delivery operations and its ability to adapt to the changing demands of the market have contributed to its success. As the demand for instant delivery services continues to surge, Shadowfax is poised to play a crucial role in shaping the future of the Indian logistics industry.