Hyperlocal delivery start-up Shadowfax Technologies Pvt. Ltd has raised $22 million in a Series C funding round led by NGP Capital (formerly Nokia Growth Partners)..Qualcomm Ventures (the investment arm of Qualcomm Inc.), Mirae Asset Financial Group and existing investor — Eight Roads Ventures, also participated in the investment round..Avigna Law acted for Shadowfax and the team was led by Partner Kshama Ravikumar..J. Sagar Associates advised Eight Roads Ventures (Eight Roads). The JSA team included Partner Manvinder Singh and Senior Associate Sonali Kapoor..AZB & Partners acted for NGP Capital with a team led by Partner Dushyant Bagga..The Bengaluru-based logistics service provider plans to utilize the capital for rapid expansion, and aims to connect 400,000 delivery and business partners to the platform by 2021 from the current 40,000, reported Mint.
Hyperlocal delivery start-up Shadowfax Technologies Pvt. Ltd has raised $22 million in a Series C funding round led by NGP Capital (formerly Nokia Growth Partners)..Qualcomm Ventures (the investment arm of Qualcomm Inc.), Mirae Asset Financial Group and existing investor — Eight Roads Ventures, also participated in the investment round..Avigna Law acted for Shadowfax and the team was led by Partner Kshama Ravikumar..J. Sagar Associates advised Eight Roads Ventures (Eight Roads). The JSA team included Partner Manvinder Singh and Senior Associate Sonali Kapoor..AZB & Partners acted for NGP Capital with a team led by Partner Dushyant Bagga..The Bengaluru-based logistics service provider plans to utilize the capital for rapid expansion, and aims to connect 400,000 delivery and business partners to the platform by 2021 from the current 40,000, reported Mint.
