Exclusive: Shadowfax to raise Rs 2,000 Cr via IPO; fresh issue and OFS at Rs

Shadowfax, a logistics and delivery startup, is set to raise "₹2,000 crore via an IPO (Initial Public Offering)," comprising a "fresh issue and offer-for-sale (OFS) of ₹1,000 crore each." This major public offering indicates Shadowfax's significant growth and ambition in the last-mile delivery sector. The fresh issue will fund expansion plans, while the OFS will provide an exit route for existing investors. This IPO positions Shadowfax to capitalize on the booming e-commerce and quick commerce market, aiming to further consolidate its position.