Shadowfax, India’s leading logistics player, is set to mark its footprints into the China market. The company is primarily looking to provide services to e-com players shipping their products to India as well as Chinese logistics players looking for an Indian partner. The company aims at setting up its China office by the end of the year 2019.
Shadowfax’s decision to enter China-to-India logistics sector makes sense as opportunities in logistics sector between the two countries are plenty. The company foresees growth potential especially for express delivery in Sino-Indian logistic sector.
With its expansion in China, Shadowfax will be able to give a wide range of channel to Indian sellers to procure Chinese goods and sell it on their platform back here in India. Various Chinese platforms have also started their businesses in India and have started selling products aggressively online. Business has been growing exponentially due to lower prices and easy availability across Tier 2 and Tier 3 cities. These e-com players have been successfully selling their products in diverse categories across the length and breadth of India.
“We hope to provide a quick, technologically advanced, cost-effective logistics service to entrepreneurs and logistics companies in both countries,” said Rohit Gupta, VP – Business Development and Strategy, Shadowfax.
Shadowfax – one of the dominant players in online logistic space
Shadowfax may have made relatively late entry in India’s online logistic space. However, since its debut in 2015, the company has been posting stellar growth to emerge as a formidable player in India’s logistics space.
Today Shadowfax fulfills 90,000 unique orders per day and offers delivery services in more than 75 cities. Some of its high profile clients include Flipkart, Paytm, Zomato, KFC and Domino’s. The company had last raised funds in August last year by raising $22 Mn in series C round.