Tag: Shadowfax Technologies

last mile delivery
Business World

Epigamia partners with Shadowfax to offer agile D2C delivery across India

Mar 12, 2021 by Neel Achary 0 Comments #Abhishek Bansal, #and CEO, #Co-Founder at Drums Food International, #Founder, #Rohan Mirchandani, #Shadowfax Technologies

Hyderabad, March 12, 2021: Shadowfax Technologies, the leading integrated 3PL services provider today announced signing up for exclusively managing the Dark Stores for Drums Food International – Epigamia’s newly launched ambient product line for its Ghee Spread and Almond Milk across 7000 + pin codes in India. Shadowfax has integrated its cutting-edge Warehouse.

Management and Last Mile delivery System with Epigamia’s demand management platform to help track customer orders real-time, which will ensure faster fulfilment and hence faster deliveries.

Shadowfax has expanded its warehousing space from 5 lakh square feet to 6 lakh square feet this month in response to increased demand from its customers. With the E2E Rapid service, Shadowfax will provide end to end logistics and warehousing along with express distribution for effective supply chain management, faster deliveries, flexibility with proximity to consumers, and real-time tracking of Epigamia products.

On the new acquisition, Abhishek Bansal, Founder, and CEO, Shadowfax Technologies, said, “Signing up Drum Foods is a big win for us as they are a recognized and loved brand in India. Our micro fulfillment centers or the Dark Stores, will enable faster deliveries along with our unique WMS which will help capture customer orders real time on the client website. We’ll be investing significantly in our WMS which will allow our clients to offer differentiated value offerings to their end customers. Further, we’ll also target on expanding our network to newer markets, in step with rising demand.”

Rohan Mirchandani, Co-Founder at Drums Food International said, “The onset of COVID prompted Indian shoppers to go online to shop and discover brands, while brands like us strengthened our online presence via D2C platforms. Though Epigamia is all about innovative offerings, our key focus has always been customer delight. We wanted to continue easing discoverability and maintain our presence in the lives of those who have already made Epigamia a habit.  That could only happen with a logistics partner who helps us deliver faster across India’s far corners. Along with Shadowfax, we will improve our existing customers’ experience and delight our new customers through faster, more reliable operations.”

With lockdown last year, many companies transformed their ordering platforms and strengthened their online distribution to reach their customers in the quickest possible time with faster deliveries be it a few hours, same day deliveries or next day deliveries –  the rise in this trend helped Shadowfax to sign-up with D2C clients across ecommerce, apparels, retail, consumer tech and offers their warehousing facilities to enable 2 models:

  1. Big box warehousing catering to clients who require pan India reach with space more than 10,000 sq ft
  2. Dark stores with same day and next day intra city deliveries with space requirements between 1,000 – 10,000 sq ft.
storage solution provider
Business World

Shadowfax enters End to End segment, partners with Vinculum for cutting edge Warehouse Management System

Feb 24, 2021 by Neel Achary 0 Comments #Abhishek Bansal, #Founder and CEO, #Founder and CEO of Vinculum, #Shadowfax Technologies, #Venkat Nott

Hyderabad: Shadowfax Technologies, the leading integrated 3PL services provider today announced its partnership with Vinculum, a Gartner Magic Quadrant winner for WMS 2017-20 to foray into Warehouse Management System across 10 centers to offer E2E services. This partnership will address the growing demand in the E2E category by offering end-to-end services across multiple industry segments like e-commerce, apparel, consumer electronics, auto, etc. Shadowfax plans to set up 50 more centers leading the warehousing space to grow from 5lac Sq. feet to 12 lac sq. ft. by March 22.

Shadowfax is the fastest-growing plug-and-play logistics solutions provider and with the launch of E2E service, the company is set to offer enterprises of all sizes a one-stop-shop set up for E2E logistics, space for storing inventory, deliveries with a state-of-art dashboard for tracking and monitoring of inventories as well as orders. Shadowfax offers two kinds of warehousing facilities, big-box warehousing catering to clients who require pan India reach with space more than 10,000 sq ft and dark stores with same day and next day intracity deliveries with space requirement between 1,000 – 10,000 sq ft. The company with its feature-rich, immersive and deep integration along with Vinculum system will deliver the best experience in warehousing and logistics with live order tracking and ready-to-set up SoPs. With this launch, brands can promise their customers’ same-day and next-day deliveries. Quick delivery is one such trend that proves that enterprises have already hopped in the race of saving customer’s time and enhancing customer delight with D2C Model.

Commenting on the partnership, Abhishek Bansal, Founder and CEO, Shadowfax Technologies said, “Vinculum is an established player in the WMS space. Our partnership will bring a differentiated offering for enterprises and bring them a host of benefits and features backed by solid technology and people. Speed of delivery and customer satisfaction are the two important features that Shadowfax is focusing on to stay ahead of the competition. Integrated software from Vinculum for picking, packing, and shipping from a central warehouse management platform will bring the fulfillment speed to Shadowfax E2E services provided to our clients reaching their customers swiftly, securely with real-time inventory monitoring.”

On this partnership, Venkat Nott, Founder and CEO of Vinculum said, “Buyer behavior has shifted to shopping across multiple online and social channels. Online revenues have moved to over 30% of overall retail revenues and expected to continue growing at a frenetic pace. Brands need to be available in channels where customers shop and are looking to fulfill from all locations where inventory is present including making inventory available with distributors for fulfillment of online orders and deliver direct to consumer. This forces brands to adopt cutting-edge technology platforms like Vinculum and fulfillment options that can best serve the customers’ demands. At Vinculum, we take pride in building that experience for brands either through our modular solutions or through our network of handpicked partners. Shadowfax is a key partnership in this direction. Our combined strengths will lead to better services & efficiency in the logistics & supply chain operations for brands and help them scale faster.”

SFX FOUNDERs
Business World

Shadowfax Rolls out $5 Million ESOP Buyback Plan; Elevates Praharsh Chandra and Gaurav Jaithliya to Co-founders

Dec 8, 2020 by Neel Achary 0 Comments #Abhishek Bansal, #Aditya Systla, #Co-founder and CEO, #Eight Roads Ventures India, #Principal, #Shadowfax Technologies

(Photo: L-R: Vaibhav Khandelwal, Co-founder and CTO, Praharsh Chandra, Chief-of-Operations and Co-founder, Gaurav Jaithliya, Chief-of Strategy, Investment and Co-founder, Abhishek Bansal, CEO and Co-founder.)

Mumbai: Shadowfax Technologies, the leading integrated 3PL services provider, today announced an employee stock ownership plan (ESOP) buyback program for its employees. The total value of the ESOP buyback program is estimated at $5 million and aimed at rewarding its employees as the business recovers to pre-Covid levels. This is the first buyback offering by the company where eligible employees can sell up to 35% of their assigned/vested ESOP shares. Shadowfax employees who have been granted ESOPs and completed more than four years with the company will be eligible to participate in the buyback program.

In addition to this initiative, Shadowfax has also announced the appointment of Praharsh Chandra and Gaurav Jaithliya as co-founders, effective December 2020. This move is in the direction to strengthen the leadership team and scale up Shadowfax’s process and quality initiatives by supporting the current and prospective business units responsively and reliably.

Praharsh and Gaurav have been an integral part of the leadership team at Shadowfax since inception and are currently Chief of Operations and Chief of Strategy and Investment, respectively.

Praharsh, an ex-ATK Consultant and a seasoned e-commerce professional, has helped Shadowfax successfully navigate the highly competitive hyperlocal and logistics landscape. His expertise and insights have been vital to Shadowfax’s growth and scale. He brings trust, ethics and discipline to the Shadowfax team; while Gaurav leads investment management, he also served Shadowfax as the Chief Financial Officer in the first three years of its inception and effectively maneuvered Shadowfax through a very difficult phase when the market crashed in 2015-16. His deep understanding of finance and the ability to provide strategic direction, has been pivotal in Shadowfax’s fiscal performance. Their elevation to the founding team is a testimony to their astute leadership and the key role they have played in the growth of the organisation.

Speaking on the developments, Abhishek Bansal, Co-founder and CEO, Shadowfax said, “2020 has been a challenging year. But Shadowfax has grown 2X compared to pre-COVID levels, we witnessed teams across functions at Shadowfax step up and make an exceptional contribution during this time. We have always believed that our team is one of our strongest assets. Our employees continue to play a key role in the growth journey. The ESOP buyback is our way of reciprocating their efforts and we envisage that it will help unlock value and create wealth for our people. It is because of our team and their strong resolve in the company’s vision, we have excelled in an intensely competitive environment and gained substantial impetus in the logistics industry in a short span of time.”

“I have known Praharsh and Gaurav for over a decade now and their vision and commitment towards driving the organisation forward has been exemplary. Both of them are key members of the leadership group and have been instrumental in helping us scale new heights. Their elevation to co-founders is a very organic next step for our success and in recognition of their invaluable contribution, as we look ahead to set new benchmarks. Gaurav and Praharsh will continue to add strategic might to our leadership team, as we take on new challenges in 2021 and beyond.” he further added.

Aditya Systla, Principal, Eight Roads Ventures India, commented: “Shadowfax has in a short span of time successfully established itself as a leading 3PL logistics platform in the country. We first invested in Shadowfax in 2015 and have seen the company leverage technology to offer best in class SLAs, drive industry-leading unit economics, scale new categories and build long-term client relationships. The founding team has been instrumental in helping build market leadership over the years and this week’s milestone is a key step towards their next phase of growth. We look forward to working alongside Abhishek, Vaibhav, Praharsh, Gaurav, and the team as they build a category-leading logistics company.”

About Shadowfax

Shadowfax, India’s largest crowdsourced logistics platform, was established in 2015 with the vision of enabling commerce by empowering everyone, everywhere. Our unique tech-driven platform caters to the logistics needs of brands across verticals such as food, grocery, pharma, and e-commerce by providing a comprehensive, speedy and reliable solution right from first mile movement to doorstep delivery. On a mission to build the fastest and most reliable logistics network by empowering a million micro-entrepreneurs through technology to deliver anything, anywhere, our plug-and-play yet immersive APIs seamlessly bridge the logistical gap between businesses and their customers within minutes. Having raised $100Mn till date from marquee investors, the company currently services 500+ cities, covers 7000+ pin codes, 150K+ delivery network partners, and delivers 500K+ orders per day.