Shadowfax appoints three independent directors on its board
IPO-bound hyperlocal logistics start-up Shadowfax has appointed Bijou Kurien, Ruchira Shukla, and Pirojshaw Sarkari as independent directors on its board.
The onboarding of these independent directors enhances the company’s governance framework and reinforces its focus on operational excellence and innovation, said the company in its statement.
Kurien, who brings over 35 years of experience in FMCG, consumer durables, and retail, was a founding member of Titan Industries and Reliance Retail. He currently advises Private equity funds and start-ups, and also serves on several listed and unlisted corporate boards.
Commenting on his appointment, he said, “Shadowfax is transforming the logistics sector through technology and operational excellence – particularly innovating a lot around speed. I look forward to contributing to its continued growth and impact on last-mile delivery.”
Ruchira Shukla, Co-Founder and Managing Partner at Synapses, a VC fund specialising in STEM-led investments in ClimateTech and HealthTech, has over 25 years of experience in venture capital, private equity, strategy consulting, and investment banking across India, US and Europe.
Speaking on the appointments, Abhishek Bansal, Co-Founder and CEO of Shadowfax, said: “These appointments mark a significant milestone in Shadowfax’s journey. Bijou, Ruchira, and Phil bring deep industry experience and strategic insights that align with our vision to redefine third party logistics (3PL) in India. Their guidance will be invaluable as we continue to lead the logistics sector.”
Founded in 2015 by IIT Delhi alumni Bansal, Vaibhav Khandelwal, Praharsh Chandra, and Gaurav Jaithliya, Shadowfax currently operates in over 2,500 cities across 18,000 pin codes, serving e-commerce firms and direct-to-consumer brands.
Last year, Shadowfax raised $100 million through a mix of primary and secondary investments in a round led by growth investor TPG NewQuest.
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