On-demand delivery startup Shadowfax raises ₹68 crore
Logistics startup Shadowfax has raised ₹68 crore in Series B funding led by existing investor Eight Roads Ventures, an investment arm of Fidelity International. Shadowfax is an intra-city logistics service catering to neighbourhood merchants, grocery shops, pharmacies and e-commerce. Set up as a food-only delivery player in 2015, it later diversified across multiple verticals.