Shadowfax Cofounders Infuse INR 65 Cr In IPO-Bound Startup

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…