Latest news with #ShadowfaxTechnologies
Mint
01-07-2025
- Business
- Mint
Shadowfax Technologies files confidential DRHP with Sebi to raise up to ₹2,500 crore via IPO
Upcoming IPO: Indian logistics and delivery service provider Shadowfax Technologies has filed a confidential draft red herring prospectus (DRHP) with the capital markets regulator, Securities and Exchange Board of India (Sebi), to raise funds from the public markets through an initial public offering (IPO). According to people aware of the development, the company is seeking to raise between ₹ 2,000 and ₹ 2,500 crore, while the company is expected to be valued at nearly ₹ 8,500 crore. Shadowfax Technologies is offering a book-built public issue comprising a combination of fresh issue of equity shares and an offer for sale (OFS) component. The company aims to use the proceeds from the fresh issue of the IPO to enhance its capacity, drive growth, and make further investments in its subsidiaries. Flipkart, TPG, Eight Roads Ventures, Mirae Asset Ventures and Nokia Growth Funds are among the top marquee investors backing Shadowfax Technologies Limited. In the last fundraising round in February 2025, the company raised primary and secondary capital at an approximate valuation of ₹ 6,000 crore, according to the press release. 'The e-commerce segment is the major revenue contributor, accounting for around 75% of the business. The remaining comes from quick commerce and hyperlocal deliveries,' said the company. Shadowfax Technologies is a logistics service provider for e-commerce, express parcel, and other value-added services, according to the company's official website. The company's distribution network covers more than 2,200 cities and has access to more than 14,300 pin codes across India. The website data shows that the platform has 3.5 million users, with nearly 1.40 lakh quarterly delivery partners and 30 lakh verified riders. The company started its logistics operations in 2015 as a pure last-mile food delivery/courier service, with more than 10,000 orders per day delivered in a year.
Mint
01-07-2025
- Business
- Mint
Shadowfax Technologies files confidential DRHP with Sebi to raise up to ₹2,500 crore via IPO
Upcoming IPO: Indian logistics and delivery service provider Shadowfax Technologies has filed a confidential draft red herring prospectus (DRHP) with the capital markets regulator, Securities and Exchange Board of India (Sebi), to raise funds from the public markets through an initial public offering (IPO). According to people aware of the development, the company is seeking to raise between ₹ 2,000 and ₹ 2,500 crore, while the company is expected to be valued at nearly ₹ 8,500 crore. Shadowfax Technologies is offering a book-built public issue comprising a combination of fresh issue of equity shares and an offer for sale (OFS) component. The company aims to use the proceeds from the fresh issue of the IPO to enhance its capacity, drive growth, and make further investments in its subsidiaries. Flipkart, TPG, Eight Roads Ventures, Mirae Asset Ventures and Nokia Growth Funds are among the top marquee investors backing Shadowfax Technologies Limited. In the last fundraising round in February 2025, the company raised primary and secondary capital at an approximate valuation of ₹ 6,000 crore, according to the press release. 'The e-commerce segment is the major revenue contributor, accounting for around 75% of the business. The remaining comes from quick commerce and hyperlocal deliveries,' said the company. Shadowfax Technologies is a logistics service provider for e-commerce, express parcel, and other value-added services, according to the company's official website. The company's distribution network covers more than 2,200 cities and has access to more than 14,300 pin codes across India. The website data shows that the platform has 3.5 million users, with nearly 1.40 lakh quarterly delivery partners and 30 lakh verified riders. The company started its logistics operations in 2015 as a pure last-mile food delivery/courier service, with more than 10,000 orders per day delivered in a year. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
01-07-2025
- Business
- Economic Times
Shadowfax Technologies files confidential draft IPO papers; seeks to raise up to Rs 2,500 cr
Logistics service provider Shadowfax Technologies has filed for an initial public offering (IPO) through a confidential pre-filing route, with an aim to raise Rs 2,000-2,500 crore, industry sources familiar with the development said. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Logistics service provider Shadowfax Technologies has filed for an initial public offering ( IPO ) through a confidential pre-filing route, with an aim to raise Rs 2,000-2,500 crore, industry sources familiar with the development company could be valued at around Rs 8,500 crore, they IPO is a mix of fresh issue and an offer-for-sale (OFS) by existing a public announcement on Tuesday, Shadowfax Technologies said it has "pre-filed draft red herring prospectus with Sebi and the stock relation to the proposed initial public offering of its equity shares on the main-board of the stock exchanges".The company plans to utilize the proceeds of the fresh issue towards enhancing capacity, driving growth, and further investments in the company's network business, the sources is backed by marquee investors such as Flipkart, TPG, Eight Roads Ventures, Mirae Asset Ventures and Nokia Growth e-commerce segment is the major revenue contributor, accounting for around 75 per cent of the company's business and the remaining comes from quick commerce and hyperlocal its last fundraise in February, the company garnered a primary and secondary capital at an approximate valuation of Rs 6,000 is India's leading logistics service provider for e-commerce express parcel and value-added services. It has a distribution network covering over 2,200 cities and more than 14,300 PIN company has opted for the confidential pre-filing route, which allows it to withhold public disclosure of IPO details under the draft red herring prospectus (DRHP) until later stages. This route is gaining traction among Indian firms aiming for flexibility in their IPO recent months, Gaja Alternative Asset Management, commerce enablement platform Shiprocket, Tata Capital, edtech unicorn PhysicsWallah and Imagine Marketing, the parent company of wearables brand boAt, also chose confidential filings. In 2024, food delivery giant Swiggy and retail chain Vishal Mega Mart floated their IPOs following similar experts note that the confidential pre-filing route offers companies greater flexibility and reduces the pressure to go public quickly. Unlike the traditional route, which requires companies to launch their IPOs within 12 months of receiving Sebi's approval, the pre-filing route extends this window to 18 months from the receipt of final firms can modify the primary issue size by up to 50 per cent until the updated DRHP stage.
Time of India
01-07-2025
- Business
- Time of India
Shadowfax Technologies files confidential draft IPO papers; seeks to raise up to Rs 2,500 cr
Logistics service provider Shadowfax Technologies has filed for an initial public offering ( IPO ) through a confidential pre-filing route, with an aim to raise Rs 2,000-2,500 crore, industry sources familiar with the development said. The company could be valued at around Rs 8,500 crore, they added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like What Happens When You Massage Baking Soda Into Your Scalp Read More Undo The IPO is a mix of fresh issue and an offer-for-sale (OFS) by existing shareholders. In a public announcement on Tuesday, Shadowfax Technologies said it has "pre-filed draft red herring prospectus with Sebi and the stock relation to the proposed initial public offering of its equity shares on the main-board of the stock exchanges". The company plans to utilize the proceeds of the fresh issue towards enhancing capacity, driving growth, and further investments in the company's network business, the sources said. Live Events Shadowfax is backed by marquee investors such as Flipkart, TPG, Eight Roads Ventures, Mirae Asset Ventures and Nokia Growth Funds. The e-commerce segment is the major revenue contributor, accounting for around 75 per cent of the company's business and the remaining comes from quick commerce and hyperlocal deliveries. In its last fundraise in February, the company garnered a primary and secondary capital at an approximate valuation of Rs 6,000 crore. Shadowfax is India's leading logistics service provider for e-commerce express parcel and value-added services. It has a distribution network covering over 2,200 cities and more than 14,300 PIN codes. The company has opted for the confidential pre-filing route, which allows it to withhold public disclosure of IPO details under the draft red herring prospectus (DRHP) until later stages. This route is gaining traction among Indian firms aiming for flexibility in their IPO plans. In recent months, Gaja Alternative Asset Management, commerce enablement platform Shiprocket, Tata Capital, edtech unicorn PhysicsWallah and Imagine Marketing, the parent company of wearables brand boAt, also chose confidential filings. In 2024, food delivery giant Swiggy and retail chain Vishal Mega Mart floated their IPOs following similar filings. Market experts note that the confidential pre-filing route offers companies greater flexibility and reduces the pressure to go public quickly. Unlike the traditional route, which requires companies to launch their IPOs within 12 months of receiving Sebi's approval, the pre-filing route extends this window to 18 months from the receipt of final comments. Additionally, firms can modify the primary issue size by up to 50 per cent until the updated DRHP stage.
