India's Logistics Duopoly is a Gift and a Trap

When your biggest strength and your biggest risk are the same thing.

India’s logistics market has consolidated to the point where two delivery companies dominate supply and two e-commerce giants dominate demand. That tight structure keeps pricing rational — but the same consolidation that creates the opportunity also creates the fragility, as Shadowfax’s business hinges almost entirely on the strategic decisions of a handful of clients.