Shadowfax, a leading provider of e-commerce express parcel and value-added solutions, has bolstered its leadership team with the induction of three distinguished professionals—Bijou Kurien, Ruchira Shukla, and Pirojshaw Sarkari—as independent directors on its board.
The company stated that this strategic move reinforces its commitment to strengthening governance, leveraging industry expertise, and driving operational excellence in the fast-growing logistics sector.
Industry Veterans Join Shadowfax
- Bijou Kurien brings over 35 years of experience in FMCG, consumer durables, and retail. A founding member of Titan Industries and Reliance Retail, he played a pivotal role in scaling multibillion-dollar businesses. Currently, he advises private equity firms and startups and serves on multiple corporate boards.
- Ruchira Shukla, co-founder and managing partner at Synapses, a VC fund specializing in STEM-led investments in climate tech and health tech, has a wealth of experience spanning 25 years in venture capital, private equity, and investment banking across India, the US, and Europe. She previously led disruptive technology investments at the International Finance Corporation (IFC) in South Asia.
- Pirojshaw Sarkari (Phil), a seasoned logistics and supply chain leader, played a key role in establishing UPS in India and later served as CEO of Mahindra Logistics, leading its expansion and IPO. He also held the position of CEO at Gati Allcargo.
With these additions, Shadowfax aims to enhance its governance framework, maintain its operational excellence, and drive innovation as it continues to scale within India’s e-commerce and direct-to-consumer (D2C) ecosystem.
Growth and Expansion
The Bengaluru-based company recently secured ₹34.2 crore (approximately $4 million) as part of a larger Series F funding round. In the fiscal year ending March 2024, Shadowfax reported a 33.2% year-on-year revenue growth, reaching ₹1,415 crore.
Founded in 2015 by Abhishek Bansal, Vaibhav Khandelwal, Praharsh Chandra, and Gaurav Jaithliya, Shadowfax operates a unique crowdsourcing model, with 125,000 monthly active delivery partners and 3.5 million registered users. The company continues to redefine logistics with industry-leading turnaround times and competitive pricing, solidifying its position as a key player in India’s e-commerce supply chain.
