Shadowfax in talks to raise up to USD80 million at more than USD500 million valuation

Flipkart-backed logistics firm Shadowfax is in talks to raise USD70 million-USD80 million at a valuation of over USD500 million, according to multiple sources privy to the development. If all goes well, the round would soon be closed, and mark a big win for Shadowfax, which was caught in the crossfire of an intense fight between Flipkart and Meesho. Flipkart is a strategic investor in Shadowfax, with around 15% stake, after leading a USD60

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