ShadowFax raises $8.5 mn from Fidelity arm

first_img* Hyperlocal technology start-up ShadowFax today said it has closed a USD 8.5 million funding from Fidelitys investment arm, Eight Roads Ventures. ShadowFax is an on-demand delivery service focused on intra-city deliveries, serving local delivery requirements of neighbourhood merchants. The series A funding will enable ShadowFax to rapidly scale-up and expand across several cities, it said in a statement. ****** Ashok Leyland partners Dassault Systemes * 3D design software firm Dassault Systemes today said commercial vehicle maker Ashok Leyland will use its platform for modular design and configuration management for its trucks and buses. As part of its customer-centric activities, Ashok Leyland looked to enhance quality control and accelerate the delivery of its trucks and buses, Dassault said in a statement. ****** M&M launches SUV TUV300 in Bengaluru * Homegrown auto major Mahindra & Mahindra (M&M) today unveiled its sports utility vehicle (SUV) the TUV300 in Bengaluru. The price (ex-showroom Bengaluru) of TUV300 starts at Rs 7.11 lakh and is up to Rs 9.35 lakh for the top-end variant. “….Mahindra continues to be number one SUV player, we have lions share, and our market share is 37 per cent. With the launch of TUV we expect that to go up significantly,” Mahindra & Mahindra Sr Vice President, Sales & Customer Care Automotive Division Veejay Nakra told reporters. (MORE) PTI SR KSU VS KK ABD SOMlast_img read more