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AZB & Partners Advises Nokia Growth Partners

AZB & Partners Advises Nokia Growth Partners

Logistics firm Shadowfax has secured $22 million in the series-C round of financing led by Nokia Growth Partners along with participation from Qualcomm Ventures, Mirae Asset and existing investor Eight Roads Ventures. Post the infusion of funds, the company will be valued at around $87- 97 million, according to two people familiar with details of the deal. Shadowfax, which runs a technology platform that connects delivery executives with e-commerce, food and grocery companies, will use the newly-secured funds to expand their presence from 80 cities to 100 locations in the next three months. AZB & Partners advised Nokia Growth Partners in the transaction. Total Consideration of the deal is for USD 22 Million / INR 1.51 Billion.Partners Gautam Saha & Dushyant Bagga along with Nikhil Bahl led the deal.

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