Bengaluru: Gurgaon-based on-demand logistics service, Shadowfax raises $300,000 in an angel funding round led by Snapdeal Co-Founders – Kunal Bahl and Rohit Bansal, Zishaan Hayath of Powai Lake Ventures and Prashant Malik of Limeroad. The company plans to scale up its 35-member team and delivery fleet of 350 personnel using the fresh funds. It is also planning to launch its services in 10 new cities in India within the next one year.
Founded in May this year by Vaibhav Khandelwal (Ex-Microsoft employee), Shadowfax is an on-demand logistics service which caters to the delivery needs of the local businesses. Through its hyper-local delivery network and logistics technology, the business owners can deliver the products to their customers, cost-effectively and conveniently.
The company uses GPS tracking functions and algorithms in its product delivery service to improve the efficiency its delivery network. Since its inception, the company has been processing over 3,000 orders each day and claims to have 120-150 outlets that are using its services for last mile delivery in the Delhi-NCR region.
Shadowfax charges its customers on a pay-per-delivery basis, keeping in mind the required service quality and distance to be covered. It provides the customers merchants a flexible, technology-based framework incorporating features like automatic rider scheduling, seamless app communication, instant feedback, GPS-based tracking and location-based rider allocation.