According to multiple sources close to the development, Flipkart-backed logistics firm Shadowfax is in talks to raise between US$70 million and US$80 million at a valuation of over $500 million. If all goes well, the round will soon close, and mark a major victory for Shadowfax, which was caught in the crossfire of an intense battle between Flipkart and Meesho. Flipkart is a strategic investor in Shadowfax, which holds approximately 15% stake, valued at USD60. leads the