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Indian startup ShadowFax raises $10 million with successful pivot from food delivery

Gurgaon-based logistics and delivery startup ShadowFax has closed a $10 million Series B financing round led by Chennai-based Eight Roads Ventures, it was reported Sunday. Eight Roads also led the company $8.5 million Series A last year. They raised $300,000 in seed funding from Snapdeal’s Kunal Bahl and Rohit Bansal, Zishaan Hayath of Powai Lake Ventures, and Prashant Malik of Limeroad. They claim to make 30,000 deliveries a day in 10 Indian cities, delivering small parcels for clients as far-flung as Burger King, Big Basket, Fortis, and Amazon. ShadowFax was founded in May 2015.

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