Archive · 2 Nov 2025
Shadowfax IPO: Flipkart Leads Sellers in Rs 2,000 Crore Offering
A company called Shadowfax, which helps deliver packages for other businesses, is planning to sell shares to the public for the first time.
This is called an IPO.
They hope to raise about 2,000 crore rupees.
Some people and companies who already own parts of Shadowfax want to sell some of their shares to get money back.
The biggest shareholder, Flipkart, which is a large online store, will sell the most shares.
They will use the money raised to build more delivery centers and for other business activities.
Shadowfax made more money this past year and is now making a profit after losing money before.
Shadowfax, a logistics provider, plans an IPO to raise up to Rs 2,000 crore.
Flipkart, Shadowfax's largest shareholder with a 14.8% stake, will be the largest seller in the IPO, aiming to sell up to Rs 237 crore.
Other major investors like Eight Roads Ventures and TPG's NewQuest Asia Fund are also selling shares.
IPO proceeds will be used for capital expenditure, lease payments, marketing, and potential acquisitions.
Shadowfax reported revenue of Rs 2,485 crore and a profit of Rs 6.4 crore in FY25.
- Who
- Shadowfax, Flipkart, Eight Roads Ventures, TPG's NewQuest Asia Fund, Nokia Growth Partners, IFC, Mirae Asset, Qualcomm, Snapdeal co-founders Kunal Bahl and Rohit Bansal, and co-founders Abhishek Bansal and Vaibhav Khandelwal.
- What
- Third-party logistics provider Shadowfax plans an Initial Public Offering (IPO) to raise up to Rs 2,000 crore, with existing shareholders selling a portion of their stakes.
- When
- The IPO is upcoming, with financial results reported for FY25 and the six months ending September 30.
- Where
- India
- Why
- To raise funds for capital expenditure on network infrastructure, lease payments for centers, marketing initiatives, and potential inorganic acquisitions.
- Company Name
- Shadowfax
- IPO Fundraising Target
- Up to Rs 2,000 crore
- Fresh Issue Amount
- Rs 1,000 crore
- Offer for Sale (OFS) Amount
- Rs 1,000 crore
- Flipkart's Stake
- 14.8%
- Flipkart's Potential Sale Value
- Up to Rs 237 crore
- FY25 Revenue
- Rs 2,485 crore
- FY25 Profit
- Rs 6.4 crore