Flipkart leads $60 million round in logistics startup Shadowfax

Walmart-owned Flipkart has led a $60 million (about Rs 429 crore) investment round in logistics startup Shadowfax, as India’s largest online retailer looks to enable faster 2-hour delivery using a hyperlocal network and launch newer on-demand categories.

“This capability enables us to do on-demand categories from delivering smartphones, fashion to grocery in less than 120 minutes… It also opens up the potential to build newer categories like dairy, meat, fruits, vegetables, and pharmacy using Shadowfax’s technology, as well as Kirana (corner store) network,” a top executive at Flipkart told ET. Rival Amazon India already offers express delivery on the fastest moving items in mobile phones, consumer electronics, kitchen appliances, home & kitchen supplies, fruits & vegetables, and grocery since May 2018 through its Prime Now app.