NGP Capital led a series C round for the on-demand delivery services provider that included Qualcomm Ventures, taking its total funding to about $41m.
NGP Capital, the venture capital firm formed and spun out by communications technology provider Nokia, has co-led a $22m series C round for India-based logistics services platform Shadowfax.
Qualcomm Ventures, the corporate venturing vehicle for mobile semiconductor producer Qualcomm, also took part in the round, as did Eight Roads Ventures, which functions as a venture capital branch of investment group Fidelity, and fund manager Mirae Asset.
Founded in 2015, Shadowfax operates a logistics platform that delivers goods on demand for…
