Logistics startup Shadowfax Technologies has filed an updated DRHP with SEBI for its IPO, looking to raise Rs 2,000 crore, comprising Rs 1,000 crore through a fresh issue and Rs 1,000 crore via an offer for sale. In the first half of FY26, the company reported over 68% year-on-year revenue growth, with profits more than doubling.
For context, Shadowfax reported 32% year-on-year growth in revenue to Rs 2,485 crore in FY25, along with a net profit of Rs 6.4 crore
The Flipkart-backed firm’s operating revenue grew over 68% year-on-year to Rs 1,805.6…

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