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Logistics startup Shadowfax secures SEBI approval for ₹2,500 crore IPO
Shadowfax gains SEBI nod for ₹2,500 crore IPO, signalling momentum in tech-enabled logistics listings.
Hyper-local logistics platform Shadowfax Technologies has received regulatory clearance from the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO) worth approximately **₹2,500 crore**. The company, which serves e-commerce merchants and omni-channel retailers across India, plans to use the fresh capital for fleet expansion, technology upgrades and market penetration. Investors see this as a signal of renewed confidence in tech-enabled logistics and gig-economy plays ahead of the festive season.