Walmart’s Flipkart has invested USD 60 million in a financial round in India-based startup Shadowfax, as it works to strengthen its logistics network in the nation.
Shadowfax operates an unusually built business-to-business logistics network in over 300 cities in India, and it works with neighborhood stores in a bit to use their real estate to store inventory, and a large network of freelancers for the delivery. This logistics network handles goods in a range of categories, such as hot food, grocery, fashion, and ecommerce. Representatives of the retail company Flipkart consider that Shadowfax will help them to reduce delivery time and ‘provide superior customer experiences across product categories’.
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