Bottomline: Shadowfax’s FY23 revenue rises, hits operational profitability last quarter

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Flipkart-backed Shadowfax, which provides logistics solutions across the e-commerce and online-first ecosystem, saw a considerable growth in its topline, even as its losses have narrowed on a year-on-year basis. One of the key factors that may be a reason behind the Bengaluru-based startup’s improvement in financials, is its shift from hyperlocal ......