Monday, 21 October, 2024

Shadowfax Aims To Raise $50 Million, Doubling Valuation To $700 Million

Logistics firm Shadowfax is seeking to raise $50 million in funding, which could double its valuation to $700 million. The company plans to use the capital to enhance its tech-driven logistics services and expand operations. With a focus on efficiency and scaling, Shadowfax aims to strengthen its position in India’s growing logistics sector, driven by e-commerce demand and rapid delivery requirements.