positive
Recently
Flipkart-backed Shadowfax files updated DRHP for ₹2,000-cr IPO
Shadowfax filed updated IPO papers to raise ~₹2,000 crore to fund expansion, tech upgrades and debt reduction.
Shadowfax Technologies, backed by Flipkart and TPG, filed an updated draft red herring prospectus with India’s market regulator seeking to raise about ₹2,000 crore via a mix of fresh issue and offer-for-sale. The logistics and last-mile delivery platform said proceeds will support expansion, technology upgrades and partial deleveraging. Shadowfax processed over 436 million orders in FY25, and management stresses growth in B2B enterprise logistics alongside e-commerce fulfilment as the company targets scale before listing.