Logistics startup Shadowfax files for Rs 2.5k cr IPO
The company is seeking to raise up to Rs 2,000-2,500 crore, comprising a mix of fresh issue of shares and offer for sale by existing shareholders, sources said. The Flipkart and TPG-backed logistics startup, which was last valued at $712 million or about Rs 6,000 crore, is eyeing an IPO valuation of about Rs 8,500 crore.
In the last few days, Pine Labs, Wakefit, and Curefoods filed draft IPO papers with the markets regulator, with other startups in the queue. TNN
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