Shadowfax IPO Upcoming
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About Shadowfax
Founded in 2015 by Vaibhav Khandelwal and Abhishek Bansal, Shadowfax is a leading logistics and delivery service provider based in Bangalore, India. The company offers a comprehensive range of services, including rapid parcel delivery, same-day and next-day delivery, doorstep-to-doorstep exchange, and Quick Commerce with 10-minute delivery times.
Shadowfax has established a strong presence in the logistics sector, covering over 18,000 pin codes across more than 2,500 cities. With an impressive capacity of delivering over two million packages daily, the company is renowned for its swift service, often delivering packages within 30 to 60 minutes of order placement. This rapid delivery capability is becoming increasingly common in India.
As India’s fastest-growing end-to-end logistics provider, Shadowfax offers solutions such as intercity express parcels and same-day delivery to prominent clients, including Nykaa, AJIO, and Flipkart.
Shadowfax Valuation
Shadowfax is planning an IPO to raise between ₹2,500 crore and ₹3,000 crore, with a valuation estimated between ₹5,000 crore and ₹8,000 crore.
Operations & Performance of Shadowfax
In FY24, Shadowfax achieved EBITDA profitability with an operating profit of ₹23 crore. The company reported a 33% increase in operating revenue to ₹1,884 crore while reducing its net loss by 92% to ₹12 crore. It also appointed ICICI Securities, JM Financial, and Morgan Stanley as bankers for its public offering.
Future Plans of Shadowfax
Shadowfax has strengthened its board, raised new funding, and expanded services by acquiring CriticaLog India, aiming to enhance its market presence and service offerings.