According to IFC, "Shadowfax is an Indian technology based last-mile express logistics company serving clients across food, grocery, pharmacy and ecommerce. It is headquartered in Bangalore, India with regional offices in Delhi, Mumbai and Hyderabad. IFC funds are expected to be deployed for expansion to new cities and customers, sales and marketing, and to build new products and rolls out more API integrations with new/existing clients."
*No investment information provided at the time of disclosure.
According to IFC, the company was founded by Abhishek Bansal (currently serves as CEO, ex-Hay Group) and Vaibhav Khandelwal (currently serves as CTO, ex- System Two Advisors). Existing investors include Eight Roads Ventures, NGP Capital, Qualcomm Ventures and Mirae Asset Management.
Shadowfax Technologies Private Limited
No. 135, 4th Floor, 1st Cross Rd, 5th Block, Koramangala, Bengaluru, Karnataka 560095, India
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