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Flipkart-backed Shadowfax Files Updated DRHP with SEBI for Rs 2,000-Crore IPO

Flipkart-backed Shadowfax Files Updated DRHP with SEBI for Rs 2,000-Crore IPO

#ShadowfaxIPO #Flipkart #SEBI #TPG #Qualcomm #Logistics #Startups #Bengaluru #StockMarket #IPOUpdate #MorganStanley #ICICISecurities #JMFinancial #IndianIPO #BusinessNews Mumbai: Bengaluru-based technology-driven logistics company Shadowfax Technologies has filed an Updated Draft Red Herring Prospectus (UDRHP) with the Securities and Exchange Board of India (SEBI) on October 31, 2025, for its upcoming Rs 2,000-crore initial public offering (IPO). The IPO structure includes a fresh issue of shares worth Rs 1,000 crore and an offer-for-sale (OFS) of Rs 1,000 crore by existing shareholders. The logistics firm, co-founded by Abhishek Bansal and Vaibhav Khandelwal, is backed by Flipkart, TPG, Qualcomm, Eight Roads Investments Mauritius, International Finance Corporation,…
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