Shadowfax
announced the opening of its inaugural hub and distribution centre in Port
Blair, another milestone in its journey to reach 100 percent, or almost 20,000
pincodes of India, by March 2025.
Shadowfax, which recently raised $100 million
from TPG NewQuest and others, has seen its market share rising from six percent
in early 2023 to 17 percent today, says an official release. "The surge in
market share can be credited to Shadowfax's unparalleled speed and
cost-efficiency, made possible by its innovative mesh network design – which operates almost 2,000+ daily trucks
and 200+ airline lanes to connect 3,000+ last mile hubs.
“E-commerce
enterprises, small and medium-sized enterprises (SMEs), direct-to-consumer
(D2C) brands, marketplaces and the island's residents can anticipate a
comprehensive suite of services, spanning from reverse logistics to express
delivery from the Port Blair centre, the release added.
"This milestone marks a pivotal moment in
Shadowfax's mission to connect every town and village, in the remotest part of
the country, into our network – delivering new age solutions to every
customer," says Abhishek Bansal, Co-founder & Chief Executive Officer,
Shadowfax. "Port Blair holds
immense importance in India's landscape, and we are thrilled to bring our
unparalleled logistics expertise to its citizens.
“Founded
in 2015 by a team of IIT-Delhi alumni including Bansal, Vaibhav Khandelwal,
Praharsh Chandra and Gaurav Jaithliya, Shadowfax's network includes 125,000
monthly active delivery partners and 3.5 million registered users, the release
added.
Tags: Shadowfax, Port Blair, Abhishek Bansal