Shadowfax IPO Opens at ₹118-124; Logistics Unicorn Eyes ₹7,168 Crore Valuation
Logistics startup Shadowfax launches ₹1,907 crore IPO with fresh issue of ₹1,000 crore and OFS of ₹907 crore, targeting nearly $800M market cap.
Key Facts
| Detail | Value |
|---|---|
| Deal size | ₹118 |
| Stage | IPO |
| Valuation | ₹7,168 crore |
| Sector | Shadowfax |
| Coverage | Startup Funding |
Logistics unicorn Shadowfax has launched its initial public offering, opening for subscription on January 20, 2026. The company has set a price band of ₹118 to ₹124 per share, targeting a valuation of approximately ₹7,168 crore ($795 million).
IPO Structure
The public issue comprises:
Profitable Turnaround
Shadowfax achieved profitability in FY25, a significant milestone:
Key Backers
Founded in 2015 by Vaibhav Khandelwal and Abhishek Bansal, Shadowfax is backed by prominent investors including Flipkart, Mirae Asset, IFC, Nokia Growth Partners, Qualcomm, and Trifecta Capital.
The company competes with Delhivery, LoadShare, and Pickrr in the hyperlocal and on-demand delivery space, serving businesses across India's rapidly growing e-commerce ecosystem.
Reported by Rohit Menon. Spotted an error in this story? Request a correction or email corrections@startupory.com. See our editorial policy.
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