Shadowfax, a leading Indian logistics and last-mile delivery platform, is reportedly preparing for its Initial Public Offering (IPO). This anticipated market...
Shadowfax is one of India's largest crowdsourced last-mile logistics platforms, providing delivery services for various sectors including food, groceries, e-commerce, and pharmacy across numerous cities.
While no official dates have been announced, market reports indicate Shadowfax is actively preparing for its IPO, with expectations for it to launch within the next 12-18 months, subject to market conditions and regulatory approvals.
The IPO aims to raise capital for business expansion, invest in technology and infrastructure improvements, potentially fund strategic acquisitions, and provide an exit opportunity for early investors.
Shadowfax is backed by prominent investors including Flipkart, Eight Roads Ventures, Tiga Investments, Mirae Asset Venture Investments, and International Finance Corporation (IFC).