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IPO-Bound Shadowfax Nets INR 34 Cr In Series F Funding Round

  • IPO-bound logistics company Shadowfax has raised INR 34.24 Cr (around $4 Mn) in a Series F funding round from existing investors Mirae Asset and Nokia Growth Partners.
  • This comes just days after Shadowfax acquired transportation and logistics business CriticaLog India Private Limited to further expand its offerings for an undisclosed amount.
  • Shadowfax is among the growing list of new-age tech companies looking to go public, planning to raise INR 2,500 Cr to INR 3,000 Cr via its IPO.
  • In its previous funding round, Shadowfax raised $100 Mn in its Series E round led by TPG NewQuest.

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