Latest news with #Shadowfax
Mint
an hour ago
- Business
- Mint
Shadowfax eyes ₹2,500 crore IPO, confidential filing with SEBI expected next week: Details here
Shadowfax, a TPG-backed logistics service provider, is reportedly getting ready to file draft papers with capital market regulator Sebi for its initial public offering (IPO) through the confidential route early next week. The company aims to raise up to ₹ 2,500 crore, according to a Reuters report. The confidential pre-filing route allows a company to withhold public disclosure of details under the draft red herring prospectus (DRHP) until later stages. According to Reuters, the IPO of Shadowfax is expected to be in the range of ₹ 2,000-2,500 crore, comprising a mix of fresh issue of shares and offer for sale (OFS) by existing shareholders The company is also projected to be valued around ₹ 8,500 crore post-IPO. The company plans to use the funds from the fresh issue towards increasing capacity, driving further growth, and making additional investments in the company's network business, as per the sources. In February this year, the company had raised funds at an approximate valuation of ₹ 6,000 crore. Bengaluru-based Shadowfax was founded in 2015 by IIT Delhi alumni Abhishek Bansal, Vaibhav Khandelwal, Praharsh Chandra, and Gaurav Jaithliya. The company is a leading logistics service provider for e-commerce express parcels and other value-added services. Shadowfax is backed by a strong roster of investors, including Flipkart, TPG, Eight Roads Ventures, Mirae Asset Ventures, and Nokia Growth Funds. The e-commerce segment is the major revenue contributor, accounting for around 75 per cent of the business, and the remaining comes from quick commerce and hyperlocal deliveries, the news agency said.
Mint
4 hours ago
- Business
- Mint
Shadowfax eyes ₹2,500 crore IPO, confidential filing with SEBI expected next week: Details here
Shadowfax, a TPG-backed logistics service provider, is reportedly getting ready to file draft papers with capital market regulator Sebi for its initial public offering (IPO) through the confidential route early next week. The company aims to raise up to ₹2,500 crore, according to a Reuters report. The confidential pre-filing route allows a company to withhold public disclosure of details under the draft red herring prospectus (DRHP) until later stages. IPO details and valuation According to Reuters, the IPO of Shadowfax is expected to be in the range of ₹2,000-2,500 crore, comprising a mix of fresh issue of shares and offer for sale (OFS) by existing shareholders The company is also projected to be valued around ₹8,500 crore post-IPO. Shadowfax to boost network The company plans to use the funds from the fresh issue towards increasing capacity, driving further growth, and making additional investments in the company's network business, as per the sources. In February this year, the company had raised funds at an approximate valuation of ₹6,000 crore. Investor backing and business focus Bengaluru-based Shadowfax was founded in 2015 by IIT Delhi alumni Abhishek Bansal, Vaibhav Khandelwal, Praharsh Chandra, and Gaurav Jaithliya. The company is a leading logistics service provider for e-commerce express parcels and other value-added services. Shadowfax is backed by a strong roster of investors, including Flipkart, TPG, Eight Roads Ventures, Mirae Asset Ventures, and Nokia Growth Funds. Also Read | 24 IPOs mobilise ₹9500 crore in June as primary market activity picks up The e-commerce segment is the major revenue contributor, accounting for around 75 per cent of the business, and the remaining comes from quick commerce and hyperlocal deliveries, the news agency said. Market presence The logistics company's robust distribution network covers over 2,200 cities and more than 14,300 PIN codes, solidifying its position as a market leader in the industry.
Economic Times
8 hours ago
- Business
- Economic Times
Shadowfax likely to file confidential DRHP papers to raise Rs 2,500 crore next week
TPG-backed logistics service provider Shadowfax is likely to file draft papers with capital markets regulator Sebi through a confidential route for its IPO to raise up to Rs 2,500 crore early next week, according to sources. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads TPG-backed logistics service provider Shadowfax is likely to file draft papers with capital markets regulator Sebi through a confidential route for its IPO to raise up to Rs 2,500 crore early next week, according to confidential pre-filing route allows a company to withhold public disclosure of details under the draft red herring prospectus (DRHP) until later said that the Initial Public Offering (IPO) of Shadowfax is expected to be in the range of Rs 2,000-2,500 public issue comprises a mix of fresh issue of shares and offer for sale (OFS) by existing shareholders. The company is expected to be valued around Rs 8,500 crore, they company plans to utilise the proceeds from the fresh issue towards enhancing capacity, driving growth, and further investments in the company's network business, as per the February this year, the company had raised funds at an approximate valuation of Rs 6,000 Shadowfax is backed by marquee investors such as Flipkart, TPG, Eight Roads Ventures, Mirae Asset Ventures and Nokia Growth e-commerce segment is the major revenue contributor, accounting for around 75 per cent of the business and the remaining comes from quick commerce and hyperlocal in 2015 by IIT Delhi alumni Abhishek Bansal, Vaibhav Khandelwal, Praharsh Chandra, and Gaurav Jaithliya, the company stands as one of India's leading logistics service provider for e-commerce express parcel and value-added a robust distribution network covering over 2,200-plus cities and more than 14,300 PIN codes, Shadowfax has established itself as a market leader in the logistics industry.
Time of India
8 hours ago
- Business
- Time of India
Shadowfax likely to file confidential DRHP papers to raise Rs 2,500 crore next week
TPG-backed logistics service provider Shadowfax is likely to file draft papers with capital markets regulator Sebi through a confidential route for its IPO to raise up to Rs 2,500 crore early next week, according to sources. The confidential pre-filing route allows a company to withhold public disclosure of details under the draft red herring prospectus (DRHP) until later stages. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like When the Camera Clicked at the Worst Possible Time Read More Undo Sources said that the Initial Public Offering (IPO) of Shadowfax is expected to be in the range of Rs 2,000-2,500 crore. The public issue comprises a mix of fresh issue of shares and offer for sale (OFS) by existing shareholders. The company is expected to be valued around Rs 8,500 crore, they added. The company plans to utilise the proceeds from the fresh issue towards enhancing capacity, driving growth, and further investments in the company's network business, as per the sources. Live Events In February this year, the company had raised funds at an approximate valuation of Rs 6,000 crore. Bengaluru-based Shadowfax is backed by marquee investors such as Flipkart, TPG, Eight Roads Ventures, Mirae Asset Ventures and Nokia Growth Funds. The e-commerce segment is the major revenue contributor, accounting for around 75 per cent of the business and the remaining comes from quick commerce and hyperlocal deliveries. Founded in 2015 by IIT Delhi alumni Abhishek Bansal, Vaibhav Khandelwal, Praharsh Chandra, and Gaurav Jaithliya, the company stands as one of India's leading logistics service provider for e-commerce express parcel and value-added services. With a robust distribution network covering over 2,200-plus cities and more than 14,300 PIN codes, Shadowfax has established itself as a market leader in the logistics industry.
Time of India
17 hours ago
- Business
- Time of India
Shadowfax preps IPO filing; O-1A over H-1B
Shadowfax preps IPO filing; O-1A over H-1B Also in the letter: Shadowfax to file IPO papers under confidential route Key details: Shadowfax's IPO is expected to be Rs 2,000–2,500 crore in size. Fresh capital is expected to form half of the proceeds. Shadowfax is eyeing a valuation of Rs 5,500–6,000 crore, subject to market conditions. ICICI Securities, JM Financial and Morgan Stanley are bankers for the issue. Use of proceeds: Shadowfax, at a glance: Quick commerce and hyperlocal deliveries contribute 25–30% of Shadowfax's revenue, a share expected to rise to 35–40%. The remainder comes from ecommerce and D2C logistics, particularly same-day deliveries. Clients include Nykaa, Ajio, Flipkart, and Meesho. Shadowfax is also a key logistics partner for the Open Network for Digital Commerce (ONDC). JSW One eyes public listing in 18–24 months IPO momentum: JSW One, at a glance: Founded in 2020 by Sachdeva and JSW Group scion Parth Jindal, JSW One handles 2.4 million metric tonnes of steel annually, accounting for about 1.6% of India's total steel supply. It currently processes a monthly gross merchandise value (GMV) of Rs 1,400 crore. Revenue rose 4.2x to Rs 1,421.9 crore in FY24, up from Rs 338.8 crore a year earlier. However, net losses widened to Rs 277 crore from Rs 83.8 crore, according to Tracxn data. The company entered the unicorn club earlier this year after raising Rs 340 crore from Principal Asset Management, OneUp and JSW Steel, valuing it at $1 billion. Also Read: Pine Labs files for IPO with Rs 2,600 crore fresh issue; Peak XV, PayPal to pare stakes Who is selling? Also Read: O-1 for the books! Elite talent finds new route to US What is O-1A visa? Pros & cons: Versus H-1B: Cost: O-1A applications range from $10,000–$30,000. H-1Bs are more affordable, starting at $970, but legal fees can increase to $7,775 with premium processing. Attorney fees add $2,000–$5,000. O-1A applications range from $10,000–$30,000. H-1Bs are more affordable, starting at $970, but legal fees can increase to $7,775 with premium processing. Attorney fees add $2,000–$5,000. Popularity: While 225,957 H-1B visas were approved in FY24, just 22,669 O-1As made the cut. But the latter is growing fast, clocking nearly 10% annual growth. While 225,957 H-1B visas were approved in FY24, just 22,669 O-1As made the cut. But the latter is growing fast, clocking nearly 10% annual growth. Approval rate: O-1As enjoy a 93% approval rate. H-1Bs offer just 37%. Also Read: Nykaa eyes Rs 6,000 crore GMV from in-house brands by FY30; ramps up fashion, AI bets Fashion bet: Quote, unquote: Beauty engine: Also Read: AI play: Other Top Stories By Our Reporters ShopOS raises funds from Binny Bansal: Raphe mPhibr valued at $900 million after fresh raise: Google, Meta at loggerheads over age verification: Global Picks We Are Reading Happy Friday! Logistics firm Shadowfax is set for a confidential IPO filing in a month. This and more in today's ETtech Morning Dispatch.■ Nykaa's roadmap■ ETtech Done Deals■ Age verification conundrum(L-R), Vaibhav Khandelwal, Praharsh Chandra, Gaurav Jaithliya & Abhishek Bansal, cofounders, ShadowfaxLogistics startup Shadowfax is poised to confidentially submit draft papers for its IPO to market regulator, the Securities and Exchange Board of India (Sebi), within a month, according to multiple sources. It will join companies like PhysicsWallah Groww , and boAt , all of which have chosen the confidential Rs 1,000–1,100 crore from the primary issue will be used to expand the company's quick delivery offerings, a person familiar with the plan told Sachdeva, CEO, JSW OneJSW One Platforms, the business-to-business (B2B) ecommerce venture of the JSW Group, is planning to go public within 18–24 months as it aims to break even this financial year, CEO Gaurav Sachdeva, told us in an company joins other industrial commerce players, including Zetwerk, and OfBusiness, in preparing for the public Rau, CEO, Pine LabsMerchant payment processor Pine Labs has filed its draft red herring prospectus (DRHP) with Sebi, aiming to raise Rs 2,600 crore through a fresh issue and an offer for sale (OFS) of up to 147.8 million offloading shares include Peak XV Partners, Temasek, PayPal, Mastercard, Invesco, Actis, and Madison India. Cofounder Lokvir Kapoor will also sell a portion of his stake. The company is also planning a Rs 520 crore pre-IPO the H-1B visa becoming increasingly unreliable, a growing number of ambitious professionals are turning to the O-1A visa to chase their American too, are taking notice. Many are now willing to invest heavily in sponsorships, urging candidates to bolster their profiles by publishing research papers, authoring books, and attending under the Immigration Act of 1990, the O-1A is a temporary, nonimmigrant work visa for individuals of exceptional ability in science, education, business, arts, athletics, motion pictures, or television. Applicants must meet at least thee of the eight specific criteria to qualify.'There's growing interest in O-1A because it avoids the H-1B lottery,' said Sahil Nyati, founder of US-based immigration consultancy Jinee Green Card. 'Although it's not a piece of cake.'Falguni Nayar, CEO, NykaaNykaa is targeting Rs 6,000 crore in gross merchandise value (GMV) from its in-house brands by FY30, nearly tripling from Rs 2,100 crore in FY25. The omnichannel beauty and fashion seller shared the goal during its 2025 investor a muted performance over the past few quarters, Nykaa aims to grow its fashion vertical three to four times over the next five years. It has also set a long-term Ebitda margin target of 10% for the segment.'Even in a cautious macro, we've continued to grow with discipline and purpose. Beauty remains a powerhouse, our B2B play is scaling well, and we see recovering momentum in fashion,' said Falguni Nayar, executive chairperson, founder and CEO of beauty vertical, still Nykaa's biggest revenue engine, is expected to grow at a steady mid-20% rate. Growth will be driven by deeper digital discovery, an expanding premium portfolio, and continued investment in omnichannel is positioning itself as an AI-native company, with over 40 generative AI initiatives in the pipeline. It expects AI to generate over half its internal code and handle the majority of customer interactions via voice and Bansal, cofounder, Flipkart with ShopOS founders Sai Krishna VK (left) and Ajay PVThe Flipkart cofounder invested $20 million in the startup, developing an AI-native operating system for global ecommerce brands to automate the creation, management, and marketing of products across various mPhibr, a drone manufacturing startup, has raised $100 million in an equity funding round led by Silicon Valley investor General giant Google and social media major Meta recently reiterated their differences on how to verify the age of child users on digital platforms — the latter has suggested using app stores, a motion the former has warned against.■ Peter Thiel and the Antichrist ( The New York Times ■ The Trump Phone no longer promises it's made in America ( The Verge ■ AI agents are getting better at writing code—and hacking it as well ( Wired
