Section 07
Management & Governance
Leadership Overview
Shadowfax is led by founder-CEO Abhishek Bansal, who brings deep expertise in logistics and technology. The company's Board comprises experienced professionals from logistics, technology, and finance backgrounds. With backing from marquee investors including Flipkart, Mirae Asset, and Nokia Growth Partners, Shadowfax has built a strong governance framework as it prepares for its IPO.
2015
Founded
Bengaluru, India
205K+
Gig Partners
Delivery fleet network
14,758
PIN Codes
Pan-India coverage
4,299
Touchpoints
Network infrastructure
Founder-Led Management
Shadowfax was founded in 2015 by Abhishek Bansal and Vaibhav Khandelwal with a vision to revolutionize last-mile logistics in India. The founding team brings deep expertise in technology and operations, having built one of India's most innovative logistics platforms.
Founders & Whole-Time Directors
AB
Abhishek Bansal
Chairman, Managing Director & CEO
Co-founded Shadowfax in 2015 with a vision to solve India's last-mile delivery challenge. Previously worked at Schlumberger. Leads overall strategy, operations, and growth initiatives. Built Shadowfax from a hyperlocal delivery startup to India's fastest-growing 3PL.
IIT Delhi
10+ Years
VK
Vaibhav Khandelwal
Whole-Time Director & CTO
Co-founded Shadowfax and leads technology strategy. Built the proprietary technology stack including SF Maps, Frodo dispatch system, and SF Shield fraud detection. Previously worked at Schlumberger with focus on software development.
IIT Delhi
10+ Years
PC
Praharsh Chandra
Whole Time Director & Chief Business Officer
Leads business development and client partnerships. Responsible for driving revenue growth and expanding relationships with major e-commerce and quick commerce platforms.
GJ
Gaurav Jaithlia
Whole Time Director & Head of Business Strategy
Oversees strategic planning and new business initiatives. Drives market expansion strategy and identifies growth opportunities across e-commerce and hyperlocal segments.
C-Suite Leadership
PK
Praveen Kumar K J
Chief Financial Officer
Leads financial planning, investor relations, and IPO preparation
MS
Mohan Sitharam M S
Chief Human Resources Officer
Manages talent acquisition and gig partner engagement programs
NL
Nitesh Lohiya
Chief Product Officer
Drives product innovation and platform capabilities
AK
Ankit Kala
Chief of Network & Planning
Oversees 4,299 touchpoints and network optimization
DG
Deepak Kumar Goel
Chief of Last Mile Operations
Manages 205K+ gig partners and delivery operations
KG
Krishnakanth G V
Company Secretary & Compliance Officer
Ensures regulatory compliance and corporate governance
Source: Shadowfax DRHP
Board Composition
Governance Highlights
IPO Ready Governance
8-member board structured to meet SEBI listing requirements
4 Independent Directors
50% independence — exceeds minimum 1/3rd requirement
Diverse Expertise
Logistics, retail, finance, PE investing, governance backgrounds
Founder Control
4 Whole-Time Directors including both co-founders
Executive Directors (Whole-Time)
AB
Abhishek Bansal
Chairman, MD & CEO
B.Tech Production & Industrial Engineering, IIT Delhi. Forbes 30 under 30, HURUN India 35 under 35. 10+ years logistics experience.
VK
Vaibhav Khandelwal
Whole-Time Director & CTO
B.Tech Electrical Engineering, IIT Delhi. Forbes 30 under 30, Entrepreneur 35 under 35. Ex-Way2Wealth Securities. 10+ years logistics experience.
GJ
Gaurav Jaithlia
WTD & Head of Business Strategy
Integrated M.Tech Mathematics & Computing, IIT Delhi. Responsible for key client growth and inorganic expansion. 9+ years logistics experience.
PC
Praharsh Chandra
WTD & Chief Business Officer
B.Tech Mechanical Engineering, IIT Delhi. Ex-AT Kearney. Boss Award from IIT Delhi. 12+ years consulting & business management.
Non-Executive Independent Directors
PS
Pirojshaw Aspi Sarkari
Independent Director
B.Com, CA. Ex-MD & CEO of Gati Express, Ex-CEO Mahindra Logistics, Ex-Country Manager UPS. 25+ years logistics & healthcare experience.
BK
Bijou Kurien
Independent Director
B.Sc., PGDBM XLRI. Ex-Hindustan Lever, Ex-Titan, Ex-CEO Lifestyle Business Reliance Industries. 40+ years retail/lifestyle experience.
RS
Ruchira Shukla
Independent Director
B.Tech IIT Delhi, PGDM IIM-A, MBA Wharton (Palmer Scholar). Co-Founder Synapses Business Services. Ex-IFC World Bank Group. 12+ years PE investing.
DG
Dinkar Gupta
Independent Director
B.Com, MA Police Admin. IPS Officer (retd). Ex-DGP Punjab, Ex-DG NIA. Police Medal for Gallantry (1992, 1994). Distinguished public service career.
Source: Shadowfax DRHP
Investor Base
Shadowfax has raised funding from investors including Flipkart (strategic), Mirae Asset Venture Investment, Nokia Growth Partners, Qualcomm Ventures, and others. The company has completed multiple funding rounds totaling over $100M.
Key Investors
Flipkart
Strategic Investor
India's largest e-commerce platform.
Mirae Asset
Venture Investment
Global asset manager.
Nokia Growth
Growth Capital
Technology-focused VC.
Qualcomm
Ventures
Technology investor.
Eight Roads
Fidelity Ventures
Fidelity International arm.
TPG NewQuest
Growth Equity
TPG Capital affiliate.
Funding History
| Round | Year | Amount | Key Investors |
|---|---|---|---|
| Seed | 2015 | Undisclosed | Angel Investors |
| Series A | 2016 | $5M | Nokia Growth Partners, Others |
| Series B | 2017 | $10M | Qualcomm Ventures, Eight Roads |
| Series C | 2019 | $22M | Flipkart, NGP, Mirae Asset |
| Series D | 2021 | $60M | Flipkart-led round |
| Series E | 2022 | $100M+ | TPG NewQuest, existing investors |
Source: Crunchbase, Company Announcements
Disclaimer: This report is for informational purposes only and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. The information provided should not be relied upon for making any investment decisions. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.