India Digest: Flipkart eyes Shadowfax; Artha Venture backs LenDenClub

India Digest: Flipkart eyes Shadowfax; Artha Venture backs LenDenClub

The Flipkart delivery process. Photo: Bloomberg

Flipkart is in the process of investing about $40 million in Indian logistics startup Shadowfax while LenDenClub has raised $1 million in a pre-Series A funding round.

Flipkart eyes Shadowfax

Walmart-led Flipkart is in the process of investing about $40 million in Indian logistics startup Shadowfax to further boost its last-mile delivery service ahead of the festive season.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter