Company Name : Shadowfax
Funding Amount : $300K
Investor(s) Kunal Bahl and Rohit Bansal of Snapdeal, Zishaan Hayath of Powai Lake Ventures, and Prashant Malik of Limeroad.
Funding Round : Angel round
Gurgaon-based Shadowfax has recently received an investment of around $300,000 in an angel round led by Kunal Bahl and Rohit Bansal of Snapdeal, Zishaan Hayath of Powai Lake Ventures, and Prashant Malik of Limeroad.
ShadowFox employs integrated GPS tracking functions and automated algorithms in its product to improve the efficiency of the network.
Vaibhav Khandelwal, CTO & Co-founder – Shadowfax, elaborates, “We have incorporated several features that leverage our proprietary end-to-end capacity planning algorithm to put the merchant directly in touch with the rider, geo-location for tracking orders, rider route planning, order coupling etc. that will help us become most efficient delivery company. Our advanced technology around restaurant preparation time ensures riders pick up meals only after they are ready and use the shortest route to navigate their way to their destination.
Since its launch in May 2015, Shadowfax today has an average delivery volume processing of approximately 3000 orders a day and 120-150 outlets that are currently utilising its service for last mile delivery in the Delhi-NCR region