Jingdong had a financing talk with Shadowfax
According to foreign media, Indian e-commerce Flipkart will invest in crowdsourcing delivery service company Shadowfax about 40 million US dollars, Flipkart has submitted TS.
Shadowfax was established in 2015 to provide cross-vertical logistics distribution services to e-commerce, online grocers, restaurants, fast-moving, pharmacies and other retailers in more than 150 towns in India. The Frodo technology developed based on AI’s position stream processing engine optimizes cost and service levels, enabling high-frequency decision making and delivery on the same day.
With the acquisition, Flipkart continues to increase logistics. If the transaction is completed, Shadowfax will become the third logistics company invested by Flipkart after the trucking platform BlackBuck and the last mile distributor QikPod.
Shadowfax Distribution Officer Source: Shadowfax official website
Flipkart and Amazon are getting bigger and bigger.
Flipkart was the first company that allowed Indians to reach e-commerce through cash-on-delivery methods. As the second-largest e-commerce platform in India, Amazon began to distribute goods by placing goods in the couple’s shop.
In 2016, Amazon launched Prime members, providing sub-day delivery services throughout India, and launching Prime Now services in a few cities, delivering fresh food and produce within two hours. In addition to logistics companies that have already partnered with local postal services, Amazon has also established its own distribution network in India through trucks, motorcycles, bicycles and even ships.
It is worth mentioning that, June 2018, before Shadowfax’s C-round financing, Jingdong once worked with ShadowfaxConsultation. However, Jingdong did not join its C round of financing.
According to Indian media, ShadowfaxIt is expected to set up an office in China to provide logistics services for corporate customers in China and India. Once put into operation, it can provide channels for sellers to purchase goods in China and sell them on their own platforms.
