Shadowfax
Founded Year
2015Stage
Series E | AliveTotal Raised
$173.8MValuation
$0000Last Raised
$50M | 8 mos agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+211 points in the past 30 days
About Shadowfax
Shadowfax caters logistics platform that operates in the hyper-local, on-demand delivery sector. The company provides a range of services including delivery, retail deliveries, and e-commerce solutions such as forward and reverse shipments. It primarily serves sectors such as e-commerce, food, pharma, and groceries. It was founded in 2015 and is based in Bengaluru, India.
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ESPs containing Shadowfax
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The e-commerce shipping networks market refers to the suite of solutions that enable businesses to ship their products to customers and manage their shipping operations efficiently. These solutions allow businesses to optimize their shipping operations and save on shipping costs, improving operational efficiency and customer satisfaction. They provide customers with visibility into the status of t…
Shadowfax named as Challenger among 15 other companies, including Amazon, Shopify, and FedEx.
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Research containing Shadowfax
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Shadowfax in 2 CB Insights research briefs, most recently on Sep 7, 2022.
Mar 15, 2022 report
The Retail Tech 100: The top retail tech companies of 2022Expert Collections containing Shadowfax
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Shadowfax is included in 5 Expert Collections, including Supply Chain & Logistics Tech.
Supply Chain & Logistics Tech
5,408 items
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
Grocery Retail Tech
648 items
Startups providing B2B solutions to grocery businesses to improve their store and omni-channel performance. Includes customer analytics platforms, in-store robots, predictive inventory management systems, online enablement for grocers and consumables retailers, and more.
On-Demand
1,244 items
Retail Tech 100
200 items
The most promising B2B tech startups transforming the retail industry.
E-Commerce
217 items
Latest Shadowfax News
Oct 23, 2024
Launched in 2017, Shiprocket aggregates third-party logistics players like Delhivery, FedEx, Blue Dart, and Shadowfax to fulfill orders for large corporations and small and medium businesses. To date, it has raised upwards of $233 million from Temasek, Lightrock, Bertelsmann, and listed food delivery player Zomato, among others. It joined the coveted unicorn club in 2022 after raising $32 million. Last year, it secured an additional $11 million in an extended Series E round from McKinsey. An investment unit of Koch Industries, the second largest privately owned business group in the US, is looking to buy a minority stake in Shiprocket, Mint reported in August. Our cross-border business and checkout businesses are growing between double and triple digits. So these are obviously attracting the most investment internally. Shiprocket launched Shiprocket X, its cross-border service, two years ago to facilitate shipping to more than 220 countries, including the US, Australia, and Germany. Shiprocket Smart Checkout was rolled out to enable direct-to-consumer brands with services such as payment gateway integration and quick order checkout solutions. The emerging businesses are growing 70-100% year-on-year and the fastest-growing verticals will attract the highest investment, according to Goel. “Our cross-border business and checkout businesses are growing between double and triple digits. So these are obviously attracting the most investment internally. And then there are a bunch of other zero-to-one initiatives that we're trying. But at the moment, these two businesses are taking in most of the mindshare and automatically some capital as well," Goel noted. FY24 performance Shiprocket’s revenue in the financial year ended March 2024 grew 21% year-on-year to ₹1,316 crore, with a loss of ₹595 crore mainly on account of a one-time restructuring and integration expense of ₹244 crore related to its acquired businesses. It also incurred a significant Esop cost of ₹192 crore during the year. However, Goel said that the firm cut its cash burn by half to ₹100 crore in FY24, attributing it to some amount of cost optimisation along with growth in its core business, helping the firm achieve full profitability by the end of the current financial year.
Shadowfax Frequently Asked Questions (FAQ)
When was Shadowfax founded?
Shadowfax was founded in 2015.
Where is Shadowfax's headquarters?
Shadowfax's headquarters is located at 4th B Cross Road, Bengaluru.
What is Shadowfax's latest funding round?
Shadowfax's latest funding round is Series E.
How much did Shadowfax raise?
Shadowfax raised a total of $173.8M.
Who are the investors of Shadowfax?
Investors of Shadowfax include Eight Roads Ventures, Mirae Asset Financial Group, NGP Capital, International Finance Corporation, Flipkart and 10 more.
Who are Shadowfax's competitors?
Competitors of Shadowfax include Roadie, Ninja Van, Zepto, Gopuff, Zypp Electric and 7 more.
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Compare Shadowfax to Competitors
Opinio integrates hyperlocal delivery on a robust tech platform. The company operates in Bangalore, Delhi-NCR and Hyderabad. It delivers products in a radius of five to seven kilometers for small businesses such as restaurants, grocery stores, bakeries and laundry stores.
Huolala is an internet logistics platform. It provides same-city and cross-city freight transportation, enterprise logistics services, less-than-truckload (LTL) transportation, car rental and after-sales services, and more. It was formerly known as EasyVan. The company was founded in 2013 and is based in Guangzhou, China.
Rappi operates as a tech company that focuses on digital commerce and delivery services. The company offers a platform for ordering food, supermarket goods, and pharmacy products online, with a delivery service to customers' locations. Rappi partners with restaurants and stores to facilitate their access to a wider customer base through its app. It was founded in 2015 and is based in Mexico City, Mexico.
Roadie provides logistics management and crowdsourced delivery solutions within the logistics and transportation industry. The company offers local same-day delivery, delivery from warehouse with in-house sortation, oversized delivery, and returns services. Its services are utilized in various sectors including electronic commerce, healthcare, and construction supplies. It was founded in 2014 and is based in Atlanta, Georgia. In September 2021, Roadie was acquired by United Parcel Service.
Ninja Van is a tech-enabled logistics company specializing in e-commerce express logistics. The company offers a suite of solutions for parcel delivery, including digital and full-funnel marketing services to enhance shippers' sales. Ninja Van's network extends to various sectors, including e-commerce and business-to-business inventory restocking. It was founded in 2014 and is based in Singapore.
LetsTransport operates as a logistics solution provider focused on last-mile delivery within the urban logistics sector. The company aggregates light commercial vehicles to offer logistics services, including customized solutions for intra-state deliveries. LetsTransport primarily serves enterprises in sectors such as organized retail, FMCG, e-commerce, distribution, and third-party logistics. It was founded in 2015 and is based in Bengaluru, India.
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