India: Hyper-local delivery startup Shadowfax acquires smaller rival Pickingo in cash, stock deal

Visual from Shadowfax website

On-demand hyper-local delivery startup Shadowfax has acquired smaller rival Pickingo Logixpress Pvt. Ltd in a cash and stock deal, said a report in The Economic Times.

With the acquisition, Shadowfax also takes about 45 employees from Pickingo’s management onboard along with a few hundred delivery boys, the report said.

Bring stories like this into your inbox every day.

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