Indian logistics startup Shadowfax Technologies is making waves ahead of its IPO, reporting blockbuster numbers in the first half of FY26. The Flipkart-backed firm posted revenue of Rs 1,805.6 crore, a staggering 68% increase year-on-year, while profits more than doubled compared to the same period last year.
Shadowfax has filed an updated Draft Red Herring Prospectus with SEBI, aiming to raise Rs…
Shadowfax, one of India’s leading logistics companies, is on the fast track to an Initial Public Offering (IPO). The company recently raised ₹34 crore in its Series F funding round, with major investments coming from global players like Mirae Asset and Nokia Growth Partners. With an eye on the stock market, Shadowfax is gearing up for an IPO that could raise between ₹2,500 crore and ₹3,000…
In a groundbreaking move towards greener logistics, GreenLine Mobility Solutions Ltd., a division of the Essar Group, has partnered with Flipkart to launch liquefied natural gas (LNG)-powered trucks for the e-commerce giant’s supply chain. This collaboration is part of Flipkart’s ongoing efforts to reduce its environmental footprint and contribute to India’s sustainability goals. Here’s a…
Diwali is one of India’s most awaited festivals, and with it comes a shopping frenzy that lights up households and e-commerce platforms alike. This year, online sales during the festival surged to a record-breaking Rs. 100,000 crore (around $12 billion), marking a 23% increase from the previous year. But behind these impressive numbers, many e-commerce businesses faced an enormous…
