Flipkart-backed Shadowfax files updated DRHP to raise Rs 2,000 Cr via IPO

Logistics startup Shadowfax Technologies has filed an updated draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO). The Flipkart-backed company plans to raise up to Rs 2,000 crore through a mix of fresh issue and offer for sale (OFS).

Entrackr had exclusively reported in July about the issue size and composition of the fresh issue and OFS components.

As per the updated DRHP, the IPO will include a fresh issue of shares worth Rs 1,000 crore and an OFS of up to Rs 1,000…