Founded in 2015, Shadowfax was an e-commerce focused logistics company but the company evolved into a full-fledged logistics solution covering hyperlocal and quick commerce capabilities.

On-demand logistics firm Shadowfax has kicked off a new round from existing investors.

The fresh round has come for the company after a gap of more than 30 months.

Shadowfax has issued 16,919 Series D2 CCPS at an issue price of Rs 56,338 per share to raise Rs 95.32 crore or $12 million,

As per Fintrackr’s estimates, Shadowfax has raised the fresh funds at a post-money valuation of $600 million.