Shadowfax

According to the filing, the IPO will include a fresh issue of shares worth ₹1000 crore and an offer for sale (OFS) of ₹1,000 crore, bringing the total issue size to ₹2,000 crore.

By opting for the confidential pre-filing route, Shadowfax joins other high-profile startups like Aequs, Groww, Shiprocket, boAt, and PhysicsWallah (PW), who have used this method to keep IPO details private until closer to launch.

The Shadowfax board has approved a decision to make the company public and change its name from "Shadowfax Technologies Private Limited" to "Shadowfax Technologies Limited," according to its regulatory filing.

Indian startups raised capital to expand and become more successful. Here is this week’s Top Indian Startups Funding Roundup –03 March – 07 March 2025.

Logistics company ShadowFax, which is preparing for an IPO, has secured Rs 65.4 Cr (approximately $7.5 million) in funding from its cofounders, Vaibhav Khandelwal and Abhishek Bansal.

Shadowfax says that adding these directors will improve governance and help the company stay innovative and focused on operational excellence in India’s growing e-commerce and D2C markets.

Third-party logistics company Shadowfax has acquired CriticaLog, a premium logistics firm, for an undisclosed amount, according to a statement from the company.

Shadowfax, a logistics services company has raised USD 100 million in a Series E fundraising round headed by NewQuest.

The on-demand shipping application, Flash by Shadowfax, has been launched by e-commerce platform Shadowfax. Shadowfax hopes to achieve 30-minute deliveries with this service, offering last-mile delivery options that are quick, dependable, and reasonably priced. The service is available in more than fifty cities.