$100 million to deliver faster in India

Shadowfax, a big name in India for super fast and on-demand deliveries, just received $100 million in funding.

Led by TPG NewQuest, the funding round will help them change the delivery game in India: a country where getting things from point A to B can be tricky.

The problem? Deliveries in India are often slow and unreliable, especially in cities. Shadowfax is stepping up to fix this by making things smoother at the very last part of the delivery journey, called the "last mile."

They already handle over 2 million deliveries every day, working with big companies like Flipkart, Meesho, and many smaller brands that sell directly to customers. With this new funding, Shadowfax plans to:

• Make the middle mile and last mile move faster: This means getting things from big warehouses to smaller distribution centers quicker, so deliveries zip along.

• Reach more places: Shadowfax wants to deliver to all 20,000 pin codes (like zip codes) in India, so no matter where you are, you can get your stuff.

• Help direct-to-consumer brands: Some of the money will go towards making super fast delivery options even better for D2C brands (those that sell directly to customers).