Shadowfax reports Rs 1,806 Cr revenue in H1 FY26, profits double

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…