CosmicTaco

Shadowfax Technologies Plans Rs 3,000 Crore IPO

CosmicTaco · 2024-08-12T13:03:59.808110+05:30

- Flipkart-backed Shadowfax Technologies is planning an IPO to raise Rs 2,500-3,000 crore. - Promoters and private equity investors are in initial talks with merchant bankers, seeking a valuation of Rs 5,000-8,000 crore. - In February, Shadowfax raised $50 million in a Series E round, valuing the company at Rs 3,000 crore. - PE funds currently own 54% of Shadowfax, with Flipkart holding 16% and founders about 20%. - Eight Roads Ventures is the largest shareholder with a 25% stake, followed by Nokia Growth, Mirae Assets, IFC, NewQuest, and Qualcomm. Source: [Economic Times](https://economictimes.indiatimes.com/tech/technology/logistics-company-shadowfax-eyes-rs-3000-crore-ipo/articleshow/112456584.cms)

Flipkart-backed Shadowfax Technologies is planning an IPO to raise Rs 2,500-3,000 crore.
Promoters and private equity investors are in initial talks with merchant bankers, seeking a valuation of Rs 5,000-8,000 crore.
In February, Shadowfax raised $50 million in a Series E round, valuing the company at Rs 3,000 crore.
PE funds currently own 54% of Shadowfax, with Flipkart holding 16% and founders about 20%.
Eight Roads Ventures is the largest shareholder with a 25% stake, followed by Nokia Growth, Mirae Assets, IFC, NewQuest, and Qualcomm.

Source: Economic Times

9mo ago