Archive · 1 Jul 2025
Shadowfax Files Confidential IPO to Raise Rs 2,000-2,500 Crore
Shadowfax, a delivery service, is planning to sell shares to the public through an IPO.
They are aiming to raise between Rs 2,000 and Rs 2,500 crore to expand their business and invest in their network.
The company, valued at approximately Rs 8,500 crore, filed confidentially, which provides more flexibility.
This allows adjustments and a longer timeframe compared to a standard IPO.
The money will help them grow and improve their delivery services, particularly in the e-commerce sector.
Shadowfax Technologies filed confidentially for an IPO, targeting Rs 2,000-2,500 crore.
The company's valuation is estimated at approximately Rs 8,500 crore.
The IPO includes a fresh issue and an offer-for-sale by existing shareholders.
Proceeds will enhance capacity, drive growth, and invest in the company's network.
E-commerce contributes around 75% of Shadowfax's revenue.
- Who
- Shadowfax Technologies
- What
- Shadowfax filed for an IPO.
- When
- Recently
- Where
- India
- Why
- To raise capital for expansion and investment.
- Company
- Shadowfax Technologies
- IPO Filing Method
- Confidential Pre-Filing
- Target Raise
- Rs 2,000-2,500 crore
- Estimated Valuation
- Rs 8,500 crore
- Major Revenue Contributor
- E-commerce
- Backers
- Flipkart, TPG, Eight Roads Ventures, Mirae Asset Ventures, and Nokia Growth Funds
Sources
Eight Roads Ventures sells stakes in three firms to TR Capital in $50-million secondary deal
New IPO in Town? Flipkart-Backed Shadowfax Files Rs 2,500 Cr Draft via SEBI’s Confidential Route
IPO: Shadowfax Technologies To Raise ₹2,000-2,500 Crore Through Confidential Pre-Filing Route, Company Valuation Estimate To Be At Around ₹8,500 Crore
