Friday, 24 March, 2023

Shadowfax is looking to raise $100M, with valuation of $350-400M

<p>Shadowfax, a hyperlocal logistics firm, is in discussions to raise $75&ndash;100M in primary and secondary finance. The Mumbai-based investment fund A91 Partners is in talks to be the key financer. On the condition of anonymity, news reports said that the deal is presently in the due diligence phase. The early backers of Shadowfax, Eight Roads Ventures, which is supported by Fidelity, is anticipated to sell a portion of its holdings in the secondary share sale.</p>