Tech
Shadowfax Gets SEBI Nod For Its IPO
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SUMMARY
While the exact size of the public issue is yet to be confirmed, the company’s board, in June, approved the proposal to raise up to INR 2,000 Cr through the IPO
The company is expected to seek a post-IPO valuation of around INR 8,500 Cr (about $965 Mn), up over 40% from the INR 6,000 Cr valuation after its February 2025 funding round
With this, Shadowfax bids to become the third listed logistics new-age tech company after Delhivery and Blackbuck
The Securities and…
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