Shadowfax Cofounders Infuse INR 65 Cr In IPO-Bound Startup

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SUMMARY

Sources told Inc42 that the startup raised the capital at a post-money valuation of $750 Mn (about INR 6,518.51 Cr)

Of the total INR 65.4 Cr funding, Bansal infused INR 37.3 Cr while Khandelwal invested INR 28.1 Cr

In a separate filing, Shadowfax said it has raised INR 10.9 Cr from IMM India Fund through issuance of 1,838 Series F CCPS

IPO-bound logistics major ShadowFax has secured a funding of INR 65.4 Cr (about $7.5 Mn) from its cofounders Vaibhav Khandelwal and Abhishek Bansal.

Sources told Inc42 that the startup…



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Shadowfax Cofounders Infuse INR 65 Cr In IPO-Bound Startup


SUMMARY

Sources told Inc42 that the startup raised the capital at a post-money valuation of $750 Mn (about INR 6,518.51 Cr)

Of the total INR 65.4 Cr funding, Bansal infused INR 37.3 Cr while Khandelwal invested INR 28.1 Cr

In a separate filing, Shadowfax said it has raised INR 10.9 Cr from IMM India Fund through issuance of 1,838 Series F CCPS

IPO-bound logistics major ShadowFax has secured a funding of INR 65.4 Cr (about $7.5 Mn) from its cofounders Vaibhav Khandelwal and Abhishek Bansal.

Sources told Inc42 that the startup…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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