Shadowfax appoints three independent directors to its board

Shadowfax, a provider of e-commerce express parcel and value-added solutions, has announced the induction of three distinguished professionals—Bijou Kurien, Ruchira Shukla, and Pirojshaw Sarkari—as independent directors on its board.

According to Shadowfax, this strategic move reinforces its commitment to enhancing governance, leveraging domain expertise, and driving operational excellence.

Bijou Kurien brings over 35 years of experience in FMCG, consumer durables, and retail. As a founding member of Titan Industries and Reliance Retail, he played a key role in building and scaling multibillion-dollar businesses. He currently advises private equity funds and startups and serves on several listed and unlisted corporate boards.

Ruchira Shukla, co-founder and managing partner at Synapses, a VC fund specializing in STEM-led investments in climate tech and healthtech, has over 25 years of experience in venture capital, private equity, strategy consulting, and investment banking across India, the US, and Europe. Previously, she led disruptive technology investments across South Asia at the International Finance Corporation (IFC).

Pirojshaw Sarkari (Phil), a chartered accountant by profession, is a seasoned leader in logistics and supply chain management. He was instrumental in establishing UPS in India and later served as the CEO of Mahindra Logistics, driving its growth into one of India’s largest 3PL companies and leading its successful IPO. He also held the position of CEO at Gati Allcargo.

Shadowfax states that the onboarding of these independent directors enhances its governance framework and reinforces its focus on operational excellence and innovation, ensuring that it remains at the forefront of India’s evolving e-commerce and D2C landscape.

The Bengaluru-based company recently secured Rs 34.2 crore (around $4 million) as a part of a larger Series F funding round. The company has reported a 33.2% year-on-year growth to Rs 1,415 crore in revenue during the fiscal year ending March 2024.

Founded in 2015 by Abhishek Bansal, Vaibhav Khandelwal, Praharsh Chandra, and Gaurav Jaithliya, Shadowfax provides services to a vast network of customers with industry-leading Turnaround Time (TAT) at competitive prices. It boasts a unique crowdsourcing network comprising 125,000 monthly active delivery partners and 3.5 million registered users.

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