🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Shadowfax Technologies Files for ₹2,000 Crore IPO with SEBI

StartupTalky

StartupTalky · 5d ago

Shadowfax Technologies Files for ₹2,000 Crore IPO with SEBI

Shadowfax Technologies, a rapidly growing technology-driven third-party logistics company in India, filed for a ₹2,000 crore IPO with SEBI. The IPO comprises a ₹1,000 crore fresh issue and a ₹1,000 crore offer for sale. Shadowfax aims to utilize the proceeds for network infrastructure expansion, lease payments, branding, and potential acquisitions. The company serves diverse enterprise clients with logistics solutions and plans to enhance growth. ICICI Securities, Morgan Stanley, and JM Financial are the lead managers.

Related News

Flipkart-backed Shadowfax files updated DRHP for Rs 2,000 crore IPO - The Economic Times

Economic Times

Economic Times · 9d ago

Flipkart-backed Shadowfax files updated DRHP for Rs 2,000 crore IPO - The Economic Times

Shadowfax Technologies has filed updated IPO documents with SEBI, planning to raise Rs 2,000 crore, split between a fresh issue and an offer for sale. The funds will enhance network infrastructure, make lease payments, and boost branding. In FY24, the company saw 33% revenue growth and achieved operational profitability. Backed by Flipkart, Shadowfax is among the new-age firms preparing for public listings, joining others like PhysicsWallah and Meesho.

Shadowfax files confidential prospectus for its IPO - The Economic Times

Economic Times

Economic Times · 4m ago

Shadowfax files confidential prospectus for its IPO - The Economic Times

Shadowfax, a hyperlocal logistics company backed by Flipkart, has filed a confidential draft red herring prospectus for its IPO, aiming to raise Rs 2,000-2,500 crore, with about half in primary shares. This strategic filing allows Shadowfax to gauge investor interest and refine its IPO plans. The company, which reported Rs 1,885 crore in operating revenue for fiscal year 2024, plans to use the funds to enhance quick-delivery services, noting improved business economics and increasing market traction.

Shadowfax to file IPO papers under confidential route - The Economic Times

Economic Times

Economic Times · 4m ago

Shadowfax to file IPO papers under confidential route - The Economic Times

Shadowfax, a hyperlocal logistics startup, plans to file for an IPO under a confidential route with Sebi. The IPO aims to raise between Rs 2,000-2,500 crore, with half from fresh shares, potentially valuing the company at Rs 5,500-6,000 crore. The funds will mainly support its quick commerce segment. Shadowfax, offering rapid delivery services, reported operating revenue of Rs 1,885 crore in FY24, marking a 33% growth, and turned operationally profitable.

Flipkart-backed Shadowfax files confidential DRHP with SEBI

Entrackr

Entrackr · 4m ago

Flipkart-backed Shadowfax files confidential DRHP with SEBI

Flipkart-backed Shadowfax files confidential DRHP with SEBI Logistics startup Shadowfax has filed its draft red herring prospectus (DRHP) with SEBI via the confidential route, as per public notices published in newspapers on July 1. The IPO filing comes nearly three months after the company transitioned into a public entity. The company is reportedly looking to raise Rs 2,000–2,500 crore through a mix of fresh issue and an offer for sale (OFS) by existing shareholders, including Flipkart, Eight Roads Ventures, and NGP Capital. ICICI Securities, JM Financial, and Morgan Stanley are advising on the public issue. Shadowfax is targeting a post-issue valuation of Rs 5,500–6,000 crore, as it looks to test public market appetite while keeping its business details under wraps for now. According to startup data intelligence platform TheKredible, the company was valued at around Rs 5,981 crore or $712 million during the first tranche of Series F round in February this year. Founded in 2015 by Abhishek Bansal, Vaibhav Khandelwal, Praharsh Chandra, and Gaurav Jaithliya, the Bengaluru-based company provides last-mile delivery services focused on e-commerce and hyperlocal logistics. It claims to operate with over 1.25 lakh monthly active delivery partners across categories including grocery, food, and medicine delivery. As per data from TheKredible, Shadowfax has raised around $246 million to date, with Eight Roads Ventures emerging as the largest external stakeholder, followed by Flipkart, NewQuest Asia, and Nokia Growth Partners. While its FY25 numbers are yet to be filed, the company posted a revenue of Rs 1,885 crore in FY24, marking a 33.2% year-on-year growth. It also managed to narrow its losses by 91% to Rs 11.8 crore in FY24 from Rs 142 crore in FY23.

IPO-bound Shadowfax inducts new board members

YourStory

YourStory · 3m ago

IPO-bound Shadowfax inducts new board members

Shadowfax Technologies, a logistics firm, is preparing for its IPO to raise Rs 2,000-2,500 crore. The company appointed new board members, including Whole-Time Directors Praharsh Chandra and Gaurav Jaithlia, and former NIA Director Dinkar Gupta as a non-executive independent director. Shadowfax's Chairman, Abhishek Bansal, emphasized the enhanced leadership depth with these appointments. Founded in 2015, Shadowfax serves various logistics segments and is backed by major investors like Flipkart and TPG.

LEAP India files DRHP with Sebi for Rs 2,400 crore IPO

Economic Times

Economic Times · 2m ago

LEAP India files DRHP with Sebi for Rs 2,400 crore IPO

LEAP India, a supply chain asset pooling company, has filed a Draft Red Herring Prospectus with SEBI to initiate an IPO aimed at raising Rs 2,400 crore. The IPO, with a face value of Rs 1, includes a fresh issue of Rs 400 crore and an offer for sale of Rs 2,000 crore. The company plans to use Rs 300 crore from the fresh issuance to repay borrowings and fund working capital needs.

Shadowfax gets Sebi nod for Rs 2,500 crore IPO - The Economic Times

Economic Times

Economic Times · 21d ago

Shadowfax gets Sebi nod for Rs 2,500 crore IPO - The Economic Times

Shadowfax, a hyperlocal logistics provider backed by Flipkart, has received SEBI's approval for a Rs 2,000-2,500 crore IPO. The company aims to enhance its quick-delivery services, supported by strong revenue growth and operational profitability in FY24. Shadowfax confidentially filed a draft prospectus, seeking to update it soon. The IPO proceeds, especially Rs 1,000-1,100 crore from the primary sale, will strengthen its delivery infrastructure. Shadowfax joins several other startups planning public listings.

Daily Indian Funding Roundup & Key News – 3rd November 2025

StartupTalky

StartupTalky · 5d ago

Daily Indian Funding Roundup & Key News – 3rd November 2025

On November 3, 2025, India’s startup and tech ecosystem witnessed significant developments. Jewellery brand Goyaz raised INR 130 crore in a Series A round led by Norwest Venture Partners to expand its operations. Fintech company Pine Labs announced its IPO, aiming to raise INR 2,080 crore. Eyewear company Lenskart plans to launch AI-powered smart glasses by December. Additionally, logistics-tech firm Shadowfax Technologies filed for an INR 2,000 crore IPO for network expansion and infrastructure development.

Boat’s parent Imagine Marketing files for IPO; eyes valuation of over $1.5 billion

Economic Times

Economic Times · 7m ago

Boat’s parent Imagine Marketing files for IPO; eyes valuation of over $1.5 billion

Imagine Marketing, owner of consumer device maker Boat, has filed draft IPO documents with India's SEBI using a confidential route. The company previously planned a Rs 2,000 crore IPO in 2022 but paused due to market conditions, opting instead for $60 million in private funding. Now, it prepares for a $300-500 million IPO, aiming for a valuation over $1.5 billion. Under SEBI's pre-filing scheme, details remain undisclosed until a more final decision.

Zomato, Temasek-Backed Shiprocket Pre-Files for IPO with Sebi

StartupTalky

StartupTalky · 5m ago

Zomato, Temasek-Backed Shiprocket Pre-Files for IPO with Sebi

Shiprocket, backed by Zomato and Temasek, has confidentially filed for an IPO with Sebi, aiming to raise INR 2,000-2,500 crore. Established in 2012, Shiprocket serves over 100,000 sellers in India and focuses on rapid commerce, cross-border shipping, and digital payments. Despite a net loss of INR 595 crore in FY24 due to acquisitions, it reported INR 1,316 crore in revenue, reflecting a 21% increase. The firm is collaborating with Swiggy Instamart and Zepto for stock management.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

Sept 2025

Your Health, Simplified with Smart Care

An ecosystem for curated creative partnerships

Your Health our Priority.

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Varun Berry steps down as Britann ...

OpenAI considers consumer health ...

Tariffs on copper are not safegua ...

Download the medial app to read full posts, comements and news.