Shadowfax Technologies Ltd is one of the well-funded logistics startups in the country.
In December last year, Shadowfax raised $60 million as part of its Series D funding round in which Walmart Inc.-owned online retailer Flipkart also participated.
In this interaction with VCCircle, Abhishek Bansal, co-founder and CEO of Shadowfax, said that the partnership with Flipkart is long-term and strategic.
"The larger impact of the partnership will happen in the years to come but we have already started seeing synergies between our businesses," he explained.
He also said that consolidation in the space is likely to happen four to five years down the line and there is enough scope for growth for now.
Moreover, he talked about Shadowfax’s business reaching pre-Covid levels and offered a glimpse into the company's topline for this financial year.
