Shadowfax’s Profit Surges 114% To ₹21 Cr In H1 FY26 Ahead Of IPO

Logistics startup Shadowfax Technologies, backed by Flipkart, reported a 114% jump in net profit to ₹21 crore in H1 FY26, up from ₹9.8 crore in the same period last year. Its operating revenue rose strongly and it is gearing up for an IPO. The profit surge stems from improved efficiency in express parcel and hyperlocal delivery operations. Costs such as delivery staff, transportation, and employee benefits grew moderately, but revenue expansion outpaced expenses, improving margins. The article highlights growing investor confidence in logistics-based startups turning profitable before listing, signaling a maturing ecosystem in India’s e-commerce supply chain sector.