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ShadowFax
is the latest startup to make a beeline for the exchanges. The Flipkart-backed logistics giant filed its updated draft red herring prospectus (DRHP) with SEBI last week for INR 2,000 Cr public issue, split evenly between a fresh issue and an offer-for-sale (OFS) component.
The OFS component will see early backers like Flipkart, Eight Roads Ventures, TGP and Nokia Growth Partners offload their stakes in the logistics unicorn.
Among the selling shareholders, Flipkart will offload…
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ShadowFax is the latest startup to make a beeline for the exchanges. The Flipkart-backed logistics giant filed its updated draft red herring prospectus (DRHP) with SEBI last week for INR 2,000 Cr public issue, split evenly between a fresh issue and an offer-for-sale (OFS) component.
The OFS component will see early backers like Flipkart, Eight Roads Ventures, TGP and Nokia Growth Partners offload their stakes in the logistics unicorn.
Among the selling shareholders, Flipkart will offload…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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