SHADOWFAX LOGISTICS

Shadowfax raises $100 million in latest funding led by TPG New Quest

Logistics startup Shadowfax will use the funds to extend its last-mile delivery services to cover 20,000 pincodes across India. The company is looking to include intercity operations in the coming three quarters. Part of the proceeds will be utilised to develop state-of-the-art services for D2C brands and further enhance Shadowfax’s express delivery network, the company said.

Meesho launches logistics vertical Valmo

Under Valmo, Meesho will aggregate several logistics providers and offer their services to its sellers. Unlike logistics services run by other ecommerce firms such as Flipkart and Amazon, Ekart and Amazon Transportation, respectively, Meesho will not invest in assets like trucks and warehouses.

Navigating the path of progress: E-commerce and logistics expectations from Budget 2024-25

As the budget approaches, the logistics/e-commerce sector is anticipating significant developments from the government that will shape its course in the coming years.

Transforming the last mile: New delivery models, technology strengthen logistics in India

The year 2023 witnessed a quantum leap in the speed and customer experience realm, as same day and next day delivery models took centre stage, especially for Direct-to-Consumer (D2C) commerce companies.

Shadowfax launches delivery app Flash, aims to make 30-minute deliveries

Flash by Shadowfax caters to on-demand convenience, empowering users to request pickups and drop-offs as needed.

Staffing companies say festive season will create 20 per cent more jobs this year

As the festive season approaches, there is a surge in hiring across various industries in India. Sectors such as retail, logistics, e-commerce, travel & hospitality, and BFSI are experiencing a significant increase in hiring, with a focus on roles like sales representatives, customer service representatives, technical operators, recruiters, pickers, and packers.

Domestic D2C market to reach gross merchandise value of USD 35 billion by 2027: Redseer

Among the 3PL players, Delhivery, followed by Bluedart, stands out as the preferred partner by brands looking for superior tech, and quick and reliable delivery across a larger set of pin codes, the report noted. Further players like Shadowfax and Xpressbees are used by brands where low-cost shipping is a primary criterion, with Shadowfax's reach being more metro-focused.

Shadowfax adds over 2000 cities, reaches 14K pincodes to enable e-commerce deliveries ahead of festive season

The ecommerce service provider is keen to expand its network and continue the momentum with the festive season round the corner.

Shadowfax unveils center in Surat with 10 lakh orders per day processing capacity

The facility unveiled by Logistics and delivery solutions firm Shadowfax ahead of Diwali and the festive rush is set to employ more than 1000 skilled personnel.

ITC partners startups to stay 'agile and nimble'

Indian conglomerate ITC has partnered with around 45 startups in various sectors, including consumer space, social commerce, content creation, and agritech solutions. The company aims to foster agility and an entrepreneurial mindset among its employees and remain consumer-centric and resilient. ITC has invested in startups directly and through venture capital funds, and is focused on integrated opportunities rather than isolated ones.

E-commerce, logistics companies’ diversity push drives demand for female workforce

Companies in India are actively hiring more women for temporary and other roles this festive season. E-commerce, logistics, and last-mile delivery sectors are leading the way, with companies such as Flipkart, Ecom Express, and Shadowfax aiming to increase female representation in their workforce.

Pidge launches hybrid delivery partner network for Bharat

This network is aimed to help increase fulfilment rate, reduced delivery costs and bring digital parity across the country.

Boom time for logistics sector in India, ONDC can be bigger than UPI: Shadowfax’s Abhishek Bansal

ONDC to launch revised incentive structure from June 1

Under the new scheme, the maximum discount that can be offered per order has been limited to Rs 100, compared to Rs 125 earlier. Further, the discount will only be offered to users whose order value is more than Rs 200 in the case of food orders, and Rs 300 in the case of other products.

Shadowfax joins ONDC to offer end-to-end logistics services in over 700 cities

ONDC is enabling interoperability and unbundling in the digital commerce space in India, allowing Shadowfax to expand its services to more cities and regions.

Ecom Express raises $39 million from existing investors as IPO plans stall

The company raised money from existing investors after it struggled to attract new ones. ET reported on July 1 that it was looking to raise $125-150 million in private funding round. Ecom Express is among a host of top-tier startups that have put their initial public offering (IPO) plans on hold.

Shadowfax looks to raise $75-100M; Tata Digital tweaking Neu after glitches

Canada Pension Plan Investment Board (CPPIB) and NewQuest Capital Partners, a fund that specialises in buying secondary stakes, have held talks to buy the stake from Eight Roads, sources said.

Shadowfax in talks to raise $100 million, valuation likely to touch $350-400 million

Mumbai-based investment fund A91 Partners is in discussions to finance the primary part, three people said. The deal is currently in the due diligence stage, they added on condition of anonymity as the talks are private.

Brands deal with necessary pain of reverse logistics as Indians return 30% of e-commerce purchases

Online sellers, especially the smaller ones, struggle with the complexities of reverse logistics. While it is unavoidable, they can manage it better to enhance customer satisfaction and higher sales.

Shadowfax receives 100 electric scooters from Hero Electric

The first batch of 100 e-scooters was delivered by Hero Electric to Shadowfax in Bangalore on Friday under a partnership between the two companies. As part of the partnership announced in April this year, Hero Electric will help the company in converting a quarter of its 1,00,000 strong delivery fleet with its NYX HX e-scooters.

Shadowfax to hire 75,000 delivery partners by July-end

"Shadowfax will recruit 75,000 delivery partners across India by the end of July 2022. These riders can earn up to Rs 35,000 per month while benefitting from the free medical insurance with an accident and health cover of Rs 7.5 lakh," the company said. In addition to this, it will offer other rider benefit programmes such as flexible working hours, and a minimum earning guarantee for its community of delivery partners, it said.

Manpower crunch brings better pay for delivery staff

Amazon, Flipkart, Grofers, Shadowfax and Ecom Express said they have hiked payouts to delivery staff up to double the previous levels to meet demand

Ecommerce firms plan to ramp up hiring of delivery and supply chain staff amid rising demand

“Pure play delivery companies, logistics firms and other ecommerce companies together hire about 100,000-150,000 people every month including feet-on-the-street and related supply chain jobs,” said Saurabh Tandon, COO of Betterplace.