Shadowfax, India’s market leader in the Online-2-Offline (O2O) logistics segment, announced today that it has closed $ 22 million in Series C funding led by NGP Capital. Qualcomm Ventures (the investment arm of Qualcomm Incorporated), Mirae Asset and existing investor, Eight Roads Ventures, also joined the oversubscribed equity round.
Caroobi received 20M USD in Series B financing. As the first digital car repair shop, the company brought the automotive aftersales market online by offering remote diagnosis and fixed prices. With the new investment, Caroobi will further expand its recently launched marketplace for replacement car parts and kick off its international rollout.
At NGP, we think about the connected car as a wider movement and shift beyond the ability to get your smartphone content in the car or getting over the air updates of your navigation system, to a reshaping of personal mobility.