India-based transportation company Shadowfax is in the process of closing a funding round of about $60 million, TechCrunch reported on Wednesday. B2B meat marketplace UcliQ has raised around $84,500 from angel investors.
Shadowfax said to close $60m funding round: report
India-based transportation company Shadowfax is in the process of closing a funding round of about $60 million, reported TechCrunch on Wednesday.
TPG NewQuest, an APAC-focused secondaries private equity platform, is expected to lead the funding round. The deliberations which have been ongoing for more than a year might close as soon as this month, according to the report.
Founded in 2015, Shadowfax enables customers to make deliveries by connecting them with delivery partners.
Walmart-owned e-commerce company Flipkart led the firm’s Series D funding round in 2019 while Eight Roads Ventures, the venture capital arm of Fidelity, Nokia Growth Partners, Qualcomm Ventures, Mirae Asset Naver Fund, and the International Finance Corporation (IFC) participated.
UcliQ bags funding from angel investors
India-based B2B meat marketplace UcliQ has raised around $84,500 from angel investors, according to a press release.
We Founder Circle’s startup accelerator EvolveX Accelerator led the funding round. The company plans to use the new capital to expand its reach across major cities in India such as Delhi NCR, Bangalore, and Hyderabad in the next 12 months, aiming to achieve an estimated revenue of Rs 15 crore.
Founded in 2019, UcliQ runs a B2B commerce platform for meat and seafood connecting producers with traders and retailers.