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2024 has been a remarkable year for Shadowfax, filled with significant milestones, innovative initiatives, and remarkable client success. As one of India's Fastest Growing End-to-End Logistics Providers, we continued to push boundaries, delivering exceptional logistics services that cater to the dynamic needs of businesses and consumers alike. Let’s revisit the key achievements that made this year unforgettable.
We started the year on an eco-friendly note by launching EV rentals in Bangalore and NCR, offering delivery partners electric vehicles at the lowest daily rental costs. This initiative highlights our commitment to sustainable logistics. The future looks bright (and yellow) as we plan to deploy more EVs across cities.
February marked a milestone with the successful raise of $100 million in Series E-Funding, led by TPQ New Quest. This investment strengthens our vision to enhance express parcel delivery, expand capabilities, and innovate for D2C brands through advanced technology.
March witnessed the launch of Shadowfax Flash, a service offering quick, affordable, and reliable courier delivery solutions. We also expanded our logistics footprint by inaugurating a distribution center in Port Blair, this is a step towards achieving 100% nationwide pincode coverage by March 2025. Enabling seamless same-day delivery and next-day delivery services, catering to e-commerce, SMEs, D2C brands, and marketplaces with services like Reverse Logistics and Express Delivery.
Our corporate team stepped into the shoes of Shadowfax Delivery Partner with “ I Also Deliver”
initiative. April also marked our 9th anniversary, a celebration of teamwork and achievements that have positioned us as leaders in online logistics services in India.
In May, we inaugurated a new office in Gurugram, enhancing our capacity to deliver top-tier e-commerce courier services nationwide.
We hosted the Women in Logistics (WIL) event, “From Healthy to Heal-thy Self,” focusing on the physical and mental well-being of our women employees. This initiative reflects our commitment to fostering a supportive and inclusive workplace.
July saw the launch of SF Maps, our AI-based address intelligence system that redefines delivery accuracy by reducing address-related cancellations, reinforcing our technological leadership.
In August, we hosted the Partner in Progress Meet-Up 2024, fostering collaboration with key stakeholders. We also expanded our operations with state-of-the-art facilities in Chennai and new distribution centers and reverse sites in NCR.
We were honored with two prestigious awards:
In October, we launched the Uber Moto Bike Taxi Service, this initiative aims to create flexible opportunities for our delivery partners, to maximize earnings by offering bike-taxi rides during lean hours. We also hosted the Android BLR Droid Tech Meetup, fostering innovation within the developer community. Additionally, Abhishek and Vaibhav were recognized as top young entrepreneurs under 35 in Hurun India U35.
We celebrated Diwali with our amazing team, showcasing our bond and team spirit. Our Kolkata delivery video highlighted our speedy services during the festive season, reinforcing our reputation as a reliable e-commerce courier service.
December was a standout month for Shadowfax, showcasing both achievements and growth. We successfully hosted the Shadowfax National Last Mile Aggregators Business Meet, uniting LMAs with our leadership team for impactful discussions. On the financial front, we achieved a significant milestone by posting a profit of Rs 2 crore for FY24, accompanied by an impressive 33% revenue growth.
As we conclude this transformative year, Shadowfax remains committed to delivering excellence in logistics services. From express parcel delivery to reverse logistics, we continue to lead as a logistics service provider that businesses and consumers trust. With innovations like SF Maps and initiatives like “I Also Deliver,” we’re redefining the future of logistics in India.
For inquiries, reach out to us at the express parcel contact number listed on our website. Whether you’re searching for logistic services near me or exploring Indian logistics companies, Shadowfax is your go-to partner for seamless delivery solutions.
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