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Logistics service provider Shadowfax on Tuesday announced the closing of its Series E funding round, securing $100 million in investments. TPG NewQuest led the round, with participation from existing investors, including Mirae Asset Venture Investments (India), Flipkart, International Finance Corporation, Nokia Growth Partners, Qualcomm, and Trifecta Capital. Eight Roads Ventures, the company’s first institutional investor having invested in Shadowfax’s Series A round in 2015, made a partial exit.
