Qualcomm Ventures contributed to a $60m round for last-mile delivery service Shadowfax that was led by Flipkart at a $250m valuation.
India-based on-demand logistics provider Shadowfax received $60m yesterday in a series D round led by e-commerce marketplace Flipkart and backed by mobile chipmaker Qualcomm’s corporate venturing subsidiary, Qualcomm Ventures.
Mirae Asset – Naver Asia Growth Fund, a vehicle established by internet company Naver and investment firm Mirae Asset Daewoo, also contributed to the round, as did Eight Roads Ventures, a subsidiary of financial services group Fidelity.
Venture capital firm NGP Capital and International Finance Corporation, the private sector-focused arm of…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
