US EditionFlipkart, TPG-Backed Shadowfax Plans ₹2,000-Crore IPO; Files Updated Papers with SEBI to Raise Funds - PUNE PULSE
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Flipkart, TPG-Backed Shadowfax Plans ₹2,000-Crore IPO; Files Updated Papers with SEBI to Raise Funds - PUNE PULSE
Bengaluru-based logistics startup Shadowfax Technologies, backed by Flipkart, TPG, and Qualcomm, has moved a step closer to its stock market debut by filing an Updated Draft Red Herring Prospectus (UDRHP) with the Securities and Exchange Board of India (SEBI) on October 31, 2025. The company aims to raise ₹2,000 crore through its initial public offering
Shadowfax Files Updated DRHP For INR 2,000 IPO
Logistics major Shadowfax has filed its updated draft red herring prospectus (UDRHP) with SEBI for its IPO of up to INR 2,000 Cr ($225.3 Mn). The company’s public offering will comprise a fresh issue of equity shares worth up to INR 1,000 Cr and an offer-for-sale (OFS) component of up to INR 1,000 Cr. Among the selling shareholders, Flipkart will offload shares worth up to INR 237 Cr. Eight Roads Ventures will sell shares worth up to INR 197 Cr…
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