Shadowfax raises $300,000 seed funding
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, Toppr.com 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.