Shadowfax Files Confidential DRHP for ₹2,500-Cr Issue

FLIPKART-BACKED LOGISTICS service provider Shadowfax has filed a confidential draft red herring prospectus with SEBI for an initial public offering (IPO).

- FE BUREAU

The IPO size is expected to be in the range of ₹2,000-₹2,500 crore, sources said, comprising of a mix of fresh issue and offer for sale (OFS) by existing shareholders.

Shadowfax is backed by investors such as TPG, Eight Roads Ventures, Mirae Asset Ventures, Qualcomm Ventures, Trifecta Capital, and Nokia Growth Funds. The company is expected to be valued around ₹8,500 crore.