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

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	5034779	Series F	3274812	9051772	5665487	6845649
Feb 27, 2024	7917524	Venture Debt	1088766	3653528	9683961	1244427
Feb 27, 2024	8036095	Series E	1822092	4006170	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
vywtiyg	Team	-	Current	4y 6m
Ruchira Shukla	Independent board member	-	Current	1y 9m
hls{vzy	Independent board member	-	Current	6y 8m
oaujy{g	Independent board member	-	Current	9y 4m
lo{jcsv	Independent board member	-	Current	5y 3m
ftfomzm	Independent board member	-	Current	6y 4m

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	4888	7653	3604	8817	5034
Total Sales	6997	5429	8631	1986	5660
Total Expenses	4291	6277	2199	5611	6028
Operating Expenses	3414	8685	8336	1580	6774
Employee Expenses	5971	6858	2103	9237	2245
Marketing Expenses	1037	6549	2087	5808	7163
Operating Income (EBIT)	8774	1279	1428	2946	4654
Interest Expenses	8828	8791	6115	5367	7258
Expenses from other activities	9555	6407	4683	8641	5037
EBITDA	4974	7354	9969	5513	6856
Taxes	4635	9454	6982	4144	7237
Net Profit	9015	5675	5521	9169	4234
Balance Sheet
Assets	9704	8508	7891	6188	1711
Cash Equivalent	9028	3797	5455	1088	2535
Accounts Receivables	3529	7493	1348	3780	2333
Inventory	1943	4350	9772	3373	2844
Liabilities	1612	4634	3642	1113	2618
Total Debt	1569	1395	7690	8954	4165
Accounts Payable	8784	7698	4065	2844	6245
Equities	1475	9668	8036	6523	6273
Cashflow Statement
Cash from Operating activities	7380	6178	7687	1710	7113
Cash from Investing activities	2115	6259	9192	4657	3090
Net cash from Financing activities	6561	6313	2635	6235	9918

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	3722892	8110217	5064504	2154579
Vaibhav Khandelwal	5387023	8594305	7160489	7954267	7766098	2883742
Gaurav Jaithliya	0	0	0	0	0	0
Fund	53.71%	3,200Cr	8287038	1175057	9208060	2870034
NGP Capital	416525	610371	583141	672059	932695	202415
Newquest	384	230	491	978	176	991
Mirae Asset Venture Investments	94	16	42	13	20	58
Trifecta Capital	0	0	0	0	0	0
IMM Investment	0	0	0	0	0	0
Enterprise	15.13%	902Cr	4652685	9307049	3335820	1208797
Angel	2.43%	145Cr	94	32	92	55
Other People	0.18%	10.7Cr	0	0	0	0
ESOP Pool	8.89%	530Cr	5757994	2633661	9217928	1584282
Total	100.00%	5,960Cr	9292849	9886717	3007558	5637591

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)