Shad­ow­fax raises $300,000 seed fund­ing

The Pak Banker - - COMPANIES/BOSS -

Hy­per­local lo­gis­tics ser­vice provider Shad­ow­fax Tech­nolo­gies Pvt Ltd has raised $300,000 in an an­gel round from Snapdeal co-founders Ku­nal Bahl and Ro­hit Bansal, co-founder Zishaan Hay­ath and Limeroad co­founder Prashant Ma­lik, the com­pany said in a state­ment on Mon­day.

The funds will be used to ex­pand its 35-mem­ber team as well as its fleet of about 350 de­liv­ery per­son­nel. The com­pany, which op­er­ates in Delhi at present, will ex­pand to 10 more cities in the next one year.

"At Shad­ow­fax, we are look­ing to build a for­mi­da­ble, cred­i­ble and fastest mer­chant de­liv­ery ser­vice. To achieve our aim, we have in­vested in strength­en­ing our peo­ple on­board­ing and train­ing with tech-en­abled so­lu­tions that help us pro­vide 100% ser­vice as­sur­ance," said Ab­hishek Bansal, co-founder and chief ex­ec­u­tive at Shad­ow­fax.

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