Where is Shadowfax located?

Shadowfax is headquartered in Bengaluru, India. It is registered at House No-6A Block NP, Pitampura New Delhi , North West Unclassified DL 110034.

Which legal entities is Shadowfax associated with?

Shadowfax is associated with Shadowfax Technologies Limited and 1 other.

How many employees does Shadowfax have?

As of Mar 31, 2025, the latest employee count at Shadowfax is 3545.

Is Shadowfax a funded company?

Shadowfax is a funded company, having raised a total of $246M across 12 funding rounds to date. The company's 1st funding round was a $***** Seed round.

When was the latest funding round of Shadowfax?

Shadowfax's latest funding was a $***** Series F round on Jan 28, 2025, with participation from 12 investors.

What is the annual revenue of Shadowfax?

Annual revenue of Shadowfax is more than ₹1,000 Cr as on Mar 31, 2026

Where does Shadowfax rank among its competitors?

Shadowfax ranks 1st amongst 61 active competitors, of which 10 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Ripplr, which secured $32M in Nov, 2025.

Who are the top competitors of Shadowfax?

Shadowfax's top competitors include Delhivery, LoadShare and Ripplr. Among them, Ripplr secured the most recent funding round in November, 2025.

Shadowfax - 2026 Company Profile, Team, Funding, Competitors & Financials

Shadowfax is a public company based in Bengaluru (India), founded in 2015 by Vaibhav Khandelwal and Gaurav Jaithliya. It operates as a Logistics solutions for express deliveries. Shadowfax has raised $246M in funding from investors like Flipkart, Eight Roads Ventures and TPG. The company has 61 active competitors, including 10 funded and 6 that have exited. Its top competitors include companies like Delhivery, LoadShare and Ripplr.

Company Details

Logistics solutions for express deliveries. It offers services, including same-day delivery, next-day delivery, and instant delivery. It provides solutions for e-commerce, D2C businesses, SMEs, and personal courier needs. It also offers technology-driven tools for route optimization and fraud detection. It also provides intercity parcel delivery, reverse logistics, same-day and next-day delivery options, and fulfillment services.

Website: shadowfax.in
Social
Email ID: *****@shadowfax.in
Phone Number: +91 **********
Registered Address: House No-6A Block NP, Pitampura New Delhi , North West Unclassified DL 110034

Key Metrics

Founded Year

2015

Location

Bengaluru, India

Stage

Public

Total Funding

$246M in 12 rounds

Latest Funding Round

Series F, Jan 28, 2025, $*****

Investors

Flipkart & 33 more

Ranked

1^st among 61 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2026

Employee Count

3,545 as on Mar 31, 2025

Investment & Acquisitions

CriticaLog & 2 more

Similar Companies

LoadShare & 159 more

Exit Details

Public

View Shadowfax's full profile

Shadowfax is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Shadowfax Technologies Limited CIN: L72300KA2015PLC150324 , India, Active	Apr 21, 2015	₹1,000+ Cr (As on Mar 31, 2026)	5556 (As on Apr 01, 2026)
Shadowfax Technologies Private Limited CIN: U72300DL2015PTC279342 , India, Active	Apr 20, 2015	-	4207 (As on Aug 01, 2025)

Shadowfax got listed on Jan 28, 2026.

Click here to take a look at Shadowfax's IPO in detail

Shadowfax has raised a total funding of $246M over 12 rounds. Its latest funding round was a Series F round on Jan 28, 2025 for $*****. 12 investors participated in its latest round. Shadowfax has 24 institutional investors and 10 angel investors.

Here is the list of recent funding rounds of Shadowfax:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 28, 2025	1860660	Series F	1620096	4294436	8110187	6934520
Feb 27, 2024	4579830	Venture Debt	9283494	6852082	9644666	4398374
Feb 27, 2024	5569273	Series E	8554477	4709818	TPG	Mirae Asset Venture Investments & 6 more

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View details of Shadowfax's funding rounds and investors

The founders of Shadowfax are Vaibhav Khandelwal and Gaurav Jaithliya. Abhishek Bansal is the CEO of Shadowfax.

Here are the details of Shadowfax's key team members:

Vaibhav Khandelwal: Co-Founder & CTO of Shadowfax. They are also an angel investor in 2 startups and serve on the board of 1 company.
Contact Info: 1 email address and 2 phone numbers
Gaurav Jaithliya: Co-Founder of Head of Business Strategy of Shadowfax.
Contact Info: 2 email addresses

Shadowfax's Board of Directors

Shadowfax's board has 8 active members. Vaibhav Khandelwal, Abhishek Bansal and Praharsh Chandra are part of team and Ruchira Shukla, Bijou Kurien, Pirojshaw Aspi Sarkari, Gaurav Jaithlia and Dinkar Gupta are independent board members.

Here is the list of Shadowfax's board of directors:

Name	Type	Representing	Status	Duration
Vaibhav Khandelwal	Team	-	Current	11y 6m
Abhishek Bansal	Team	-	Current	11y 6m
zcsmdad	Team	-	Current	2y 7m
Ruchira Shukla	Independent board member	-	Current	1y 9m
pwzmouh	Independent board member	-	Current	8y 5m
ts{gcrx	Independent board member	-	Current	5y 3m
kqatxex	Independent board member	-	Current	7y 8m
napxvly	Independent board member	-	Current	4y 1m

View details of Shadowfax's Founder profiles and Board Members

Shadowfax's employee count trend

Shadowfax has 3,545 employees as of Mar 25. Here is Shadowfax's employee count trend over the years:

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Top competitors of Shadowfax include Delhivery, LoadShare and Ripplr. Here is the list of Top 10 competitors of Shadowfax, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Shadowfax 2015, Bengaluru (India), Public	Logistics solutions for express deliveries	$246M	Qualcomm Ventures, Innoven Capital & 32 others	83/100
2nd	Delhivery 2011, Gurugram (India), Public	Platform offering end-to-end parcel delivery, warehousing, cross-border, and fulfillment services	$1.13B	Fidelity Investments, GIC & 36 others	81/100
3rd	LoadShare 2017, Bengaluru (India), Series C	Provider of logistics infrastructure for last mile and fulfillment services	$65M	Tiger Global Management, Stride Ventures ... & 33 others	79/100
4th	Ripplr 2019, Bengaluru (India), Series C	Provider of retail technology and distribution solutions for consumer brands	$104M	Sojitz, 3one4 Capital & 44 others	66/100
5th	XpressBees 2015, Pune (India), Series G	Provider of end-to-end logistics delivery and courier solutions	$356M	Elevation Capital, Alibaba Group & 33 others	62/100
6th	Parcellab 2014, Munich (Germany), Series C	Connects online merchants with their customers	$112M	Coparion, Capnamic Ventures & 12 others	58/100
7th	Blue Dart 1983, Mumbai (India), Acquired	Operator of an express logistics company providing courier and parcel services	-	-	58/100
8th	WOW Express 2014, Mumbai (India), Series A	Logistics solutions for the e-commerce industry	$8.27M	Tamarind Family Trust, Nykaa & 26 others	46/100
9th	Bigblue 2018, Toulouse (France), Series A	Provider of shipping solutions for online sellers	$18.6M	Samaipata, Runa Capital & 7 others	46/100
10th	GoJavas 2013, Gurugram (India), Acquired	Fulfilment services provider for retail eCommerce	$39.2M	Snapdeal & 6 others	45/100

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Looking for more details on Shadowfax's competitors? Click here to see the top ones

Shadowfax Technologies Limited, the legal entity associated with Shadowfax, generated more than ₹1,000 Cr in revenue for the financial year ending on Mar 31, 2026. The revenue of Shadowfax Technologies Limited has a compounded annual growth rate (CAGR) of 69% in the last 1 year.

Financial Statement Summary

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Income Statement
Revenue	9840	4195	5022	6705	6966
Total Sales	5005	3880	5634	3698	8198
Total Expenses	8183	6237	3651	2890	7022
Operating Expenses	1943	4353	9121	5091	1063
Employee Expenses	9699	3136	5656	7787	6077
Marketing Expenses	7574	3966	7784	6069	5225
Operating Income (EBIT)	8782	4728	9461	1301	8150
Interest Expenses	3972	7719	2872	1350	9343
Expenses from other activities	3925	9899	6148	9846	9343
EBITDA	1232	3472	5131	6161	5137
Taxes	8997	6550	3302	7746	6750
Net Profit	3080	7478	4341	1878	1397
Balance Sheet
Assets	7101	1253	1916	7148	2656
Cash Equivalent	8128	2726	8452	6920	3900
Accounts Receivables	4348	9322	1403	4847	2156
Inventory	4883	7631	1792	1595	7587
Liabilities	6360	1409	1547	3120	5856
Total Debt	4454	5222	4782	2846	1440
Accounts Payable	3637	7643	8579	5120	2719
Equities	8488	9071	2193	4790	6447
Cashflow Statement
Cash from Operating activities	7281	6331	6292	8858	5945
Cash from Investing activities	7160	2586	1823	8982	8581
Net cash from Financing activities	1929	1856	8114	7696	2247

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

Founders own 19.66%, Funds (largest shareholder) own 53.71%, Enterprises own 15.13% and Angels own 2.43%. The net worth of Shadowfax's founders is INR 1,170Cr as of Feb 04, 2025. The cap table displayed below is for Shadowfax Technologies Limited which is the legal entity associated with Shadowfax.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	19.66%	1,170Cr	2621587	5767506	2731387	8904942
Vaibhav Khandelwal	1140340	6379557	4716018	4888062	7791296	3750325
Gaurav Jaithliya	0	0	0	0	0	0
Fund	53.71%	3,200Cr	6392196	4756814	3804115	9010115
NGP Capital	817107	881575	278858	913517	215678	120804
Newquest	552	186	295	115	711	354
Mirae Asset Venture Investments	88	39	12	33	30	95
Trifecta Capital	0	0	0	0	0	0
IMM Investment	0	0	0	0	0	0
Enterprise	15.13%	902Cr	3895254	4566030	3008122	7800172
Angel	2.43%	145Cr	12	48	27	22
Other People	0.18%	10.7Cr	0	0	0	0
ESOP Pool	8.89%	530Cr	2046380	2751654	8995162	8009373
Total	100.00%	5,960Cr	7745068	9690872	1773735	2088825

Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.

Disclaimer

Shadowfax has acquired 3 companies including CriticaLog, NuvoEx and Pickingo. Shadowfax has not made any investments as of now.

Here is the list of its acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jan 27, 2025	Acquisition	CriticaLog	2013	Bengaluru (India)
Oct 31, 2017	Acquisition	NuvoEx	2013	Delhi (India)
Nov 09, 2015	Acquisition	Pickingo	2014	Gurugram (India)