Shadowfax

SoftBank-backed internet commerce firm aims to become biggest contributor in its space in terms of shipments through 3PL players

The RedSeer-Shadowfax Delivery Delight Index survey found that in CY2020, direct-to-consumer brands grew three times faster than overall e-commerce in India

A logistics firm, Shadowfax will use the funding to increase the number of shipments to 100 million a month and expand its geographical presence to 1,000 Indian cities

Shadowfax will use the funds to scale up operations by connecting to 400,000 new businesses and delivery partners to its platform by 2021