After months of speculations, Flipkart has finally led a $ 60 Mn funding round in popular logistics startup Shadowfax. Media reports were rife since August that Walmart owned company has signed a term sheet to pump $ 40 -50 Mn funds in the Bengaluru headquartered logistic firm. Techpluto had also covered a story on its…
India’s home grown e-commerce giant Flipkart is closing on $40 Mn investment in the logistic startup Shadowfax, according to people privy with the matter. The deal will most probably propel the Bengaluru based logistic startup’s market valuation to nearly $200 Mn.
Shadowfax co-founders (Left Mr Vaibhav Khandelwal Right Mr.Abhishek Bansal)
According to the sources, Flipkart has already…
