Logistics tech startup Shadowfax raises $12-M led by Flipkart

Bengaluru-based on-demand logistics firm Shadowfax has raised a new round of funding from existing investors. Shadowfax has raised INR 95.32 crore (about USD 12 million). Flipkart spearheaded the round by infusing INR 77.56 crore (USD 9.75 million). Trifecta Venture and Qualcomm joined the round with INR 10 crore and INR 7.76 crore respectively. Shadowfax was an e-commerce-focused logistics company that has evolved into a logistics solution provider with hyperlocal and quick commerce capabilities.