Shadowfax invested $60 million in Series D round led by Flipkart

Nabanita Dutta

News Editor
Image Credit: shortpedia

Shadowfax, e-commerce and hyperlocal focused B2B logistics enabler has recently raised $60 million in a Series D round. The round was led by Flipkart. Existing investors Eight roads ventures, Nokia growth partners, Mirae Asset Naver Fund and others have participated in the round. Through this Flipkart will be able to unlock bigger opportunities in the grocery, fresh produces and the FMCG segments.