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Summary
Hyperlocal logistics powerhouse Shadowfax has just raised a whopping $100 million in its latest funding round, led by growth investor TPG NewQuest. \U0001f31f With participation from existing investors like Mirae Asset Management, Flipkart, and Qualcomm, alongside venture debt, this round signals a significant milestone for Shadowfax. Co-founder and CEO Abhishek Bansal shared insights into the funding breakdown, highlighting a primary raise of $50 million, with additional allocations for secondary investments and venture debt. This infusion of capital will propel Shadowfaxs ambitious expansion plans, aiming to extend last-mile delivery services to cover an impressive 20,000 pincodes across India. Amit Gupta, Partner at TPG NewQuest, commended Shadowfaxs tech prowess, highlighting their ability to deliver superior service metrics while staying agile in meeting client demands.