Shadowfax is an Indian third-party logistics (3PL) provider headquartered in Bengaluru that operates one of India's largest crowdsourced last-mile delivery networks. The company services e-commerce, direct-to-consumer (D2C), quick-commerce, hyperlocal, and reverse-logistics flows for major Indian platforms including Flipkart, Myntra, Meesho, and quick-commerce operators. Shadowfax leverages a gig-economy delivery partner model paired with a proprietary technology stack covering routing, sortation, fulfillment, and same-day/sub-60-minute fulfillment. The company filed its updated DRHP with SEBI in October 2025 and completed its IPO on the NSE and BSE on January 28, 2026.
Shadowfax is publicly traded
IPO'd on January 28, 2026
This company is no longer available on our private secondary market. Shares can be traded publicly under SHADOWFAX.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2015
Employees
4,000–5,000
Total Funding
$204.8M
7 rounds
Last Private Valuation
$0.71B
January 28, 2025
Total raised $204.8M across 7 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Series F
Date
January 28, 2025
Amount
$4M
Valuation
$0.71B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| January 28, 2025 | Series F | $4M | $0.71B | Mirae Asset, Nokia Growth Partners |
| February 27, 2024 | Series E | $100M | $0.71B | TPG NewQuest |
| December 5, 2019 | Series D | $60M | — | Flipkart |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Valuation indexed to 1.0× at the selected entry round. Valuation marks are estimates and may contain errors. Hover each dot to compare.
Entry · Series C
$0.1B
Jan 2017
Shadowfax today
$0.7B
Jan 2025 · latest mark
Shadowfax multiple
8.9x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Abhishek Bansal
Co-Founder & CEO
Vaibhav Khandelwal
Co-Founder & CTO
Praharsh Chandra
Co-Founder & Chief Business Officer
Gaurav Jaithliya
Co-Founder
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Delhivery
Publicly listed Indian logistics company offering parcel, freight, and supply chain services; largest independent logistics network in India, strengthened by its April 2025 acquisition of Ecom Express.
Xpressbees
Pune-based e-commerce logistics provider offering B2C, B2B, cross-border and 3PL services; unicorn competing across the same e-commerce delivery segments as Shadowfax.
Ecom Express
Logistics provider focused on e-commerce parcel delivery in India; acquired by Delhivery in April 2025.
Ekart Logistics
In-house logistics arm of Flipkart serving e-commerce parcel delivery across India.
LoadShare
Bengaluru-based logistics platform aggregating regional carriers for first- and last-mile delivery across India.
DTDC
Long-established Indian courier and express logistics provider competing on parcel and document delivery.
Yes, Shadowfax is publicly traded under the ticker symbol SHADOWFAX on the NSE/BSE. The company went public in January 28, 2026.
Shadowfax trades under the ticker symbol SHADOWFAX on the NSE/BSE. It began trading in January 28, 2026.
Shadowfax (SHADOWFAX on the NSE/BSE) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker SHADOWFAX to place an order.
Shadowfax went public in January 28, 2026 via ipo, with an offering valuation of approximately $0.71B. Shadowfax Technologies completed its IPO on January 28, 2026, listing on both NSE and BSE under ticker SHADOWFAX at an issue price of INR 124 per share. The IPO, which ran from January 20-22, 2026, raised approximately INR 1,900-2,000 crore, including a INR 1,000 crore fresh issue and INR 1,000 crore offer for sale, at a targeted valuation of approximately INR 7,400 crore. Shares listed at a ~9% discount to the issue price (opening near INR 112.60) amid investor concerns about client concentration, though the stock subsequently rebounded. The company had filed its updated DRHP with SEBI on October 31, 2025, with ICICI Securities, Morgan Stanley India, and JM Financial as Book Running Lead Managers.
Shadowfax raised $204.8M across 7 disclosed funding rounds prior to its public listing.
Shadowfax was co-founded by Abhishek Bansal, Vaibhav Khandelwal, Praharsh Chandra, and 1 others in 2015.
Shadowfax is headquartered in Bengaluru, Karnataka, India.
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