In this article, Chad Bailey, Associate at NGP Capital and Upal Basu, Partner at NGP Capital, shed light on the last-mile delivery market in India and the newest addition of NGP Capital’s logistics portfolio: India’s leading third-party, last-mile logistics provider Shadowfax.
Moovit has more than 200 million users and is adding 1.1 million new users per day. The company has grown five times in just two years and covers multi-modal transit in more than 2,200 cities within more than 80 countries. How did Moovit overcome its growth barriers?
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.