Shadowfax, a Flipkart-backed hyperlocal logistics startup, is gearing up for a major funding round that could significantly impact its growth. With a goal to raise between $45-50 million, Shadowfax aims to double its valuation to an impressive $700 million. Here’s a closer look at this funding round and what it means for the company.
Shadowfax Funding Round Set to Boost Valuation
The Shadowfax funding round is expected to raise around Rs 350-400 crore, marking the company’s final private round before it goes public with an IPO. Domestic family offices, mutual funds, and high-net-worth individuals (HNIs) are expected to join the capitalization table, helping Shadowfax increase its valuation. This strategic move will prepare the company for its IPO while strengthening its position in the competitive quick commerce and ecommerce delivery sector.
The Role of Quick Commerce in the Shadowfax Funding Round
Quick commerce has become a major growth driver for Shadowfax, contributing to its rapid success. The company, known for same-day ecommerce deliveries, plans to expand its quick commerce operations with part of the capital raised in this funding round. Shadowfax has already partnered with various ecommerce platforms and D2C brands, delivering millions of packages daily. This fresh capital will help them further enhance their quick commerce and dark store operations.
Expanding Services with the New Shadowfax Funding Round
Shadowfax has been making strategic investments to expand its services. The new funding will allow the company to invest in manpower and fleet management, helping platforms and brands manage last-mile deliveries. This expansion aligns with the broader trend of rapid delivery services that Shadowfax and other logistics firms are embracing.
Shadowfax’s Impressive Growth
Over the past few years, Shadowfax has demonstrated remarkable growth. The company closed a $100 million round earlier this year, bringing its valuation to $350 million. This new Shadowfax funding round will further fuel its expansion, with the company’s operating revenue expected to rise to Rs 2,500 crore by FY25. As quick commerce continues to grow, Shadowfax is poised to capture an even larger share of the logistics market.
Conclusion: A Key Moment for Shadowfax
In conclusion, the Shadowfax funding round marks an important milestone for the company as it prepares for its IPO and expands its quick commerce operations. By securing fresh capital, Shadowfax will strengthen its market position and accelerate growth in the logistics sector.
