Latest news with #Shadowfax
Economic Times
01-08-2025
- Business
- Economic Times
Shadowfax elevates cofounders Praharsh Chandra, Gaurav Jaithlia to the board
ETtech Praharsh Chandra, Abhishek Bansal and Gaurav Jaithlia, founders, Shadowfax Initial public offering (IPO)-bound hyperlocal logistics startup Shadowfax appointed cofounders Praharsh Chandra and Gaurav Jaithlia to the Board as the company's whole-time Bansal, chief executive officer at Shadowfax, announced the news in a LinkedIn post on Friday. 'I'm thrilled to share that Praharsh Chandra (Chief Business Officer) and Gaurav Jaithlia (Head of Business Strategy) have been appointed as Whole-Time Directors on the Board of Shadowfax," the post read. "Both have played a pivotal role in shaping Shadowfax's journey, and their elevation to the Board is a natural extension of their leadership and impact,' Bansal in 2015 as an on-demand logistics provider for food-delivery platforms, Shadowfax has transitioned to serving ecommerce who served as the chief business officer for nearly three years, and Jaithlia, as head of business strategy, will bring their extensive operational and strategic expertise to the new company has also appointed Dinkar Gupta, former director general of police, Punjab, and National Investigation Agency (NIA), as the non-executive independent director. The development comes after the firm onboarded Bijou Kurien, Ruchira Shukla, and Pirojshaw Sarkari as independent directors on its board in February this year to enhance its governance framework. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. US tariff hike to hit Indian exports, may push RBI towards rate cuts Is Bajaj Finance facing its HDFC Bank moment? Tata Motors' INR38k crore Iveco buy: Factors that can make investors nervous Trump tariffs: End of road or a new journey ending Russia reliance? Stock Radar: PI Industries stock showing signs of momentum; takes support above 50-DEMA – time to buy? Long-term investing: Volatility, even threats, have limited shelf life; 5 large-caps from different sectors with upside potential of up to 38% These large- and mid-cap stocks can give more than 21% return in 1 year, according to analysts Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
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Business Standard
29-07-2025
- Business
- Business Standard
Blue Dart Q1 results: Profit falls 9% as rising costs offset delivery gains
Indian courier delivery firm Blue Dart Express's first-quarter profit fell nearly 9 per cent on Tuesday as higher expenses offset a rise in volumes. The company, which competes with Delhivery and IPO-bound Shadowfax, said its consolidated net profit fell 8.6 per cent to 488.3 million Indian rupees ($5.62 million)in the quarter ended June 30. Its revenue from operations rose 7.4 per cent to 14.42 billion rupees, while expenses grew 8.3 per cent to 13.86 billion rupees. KEY CONTEXT Indian logistics companies have been grappling with higher expenses due to more competition and increased freight costs. Analysts said Blue Dart's higher volume growth was likely fueled by the business to consumer (B2C) unit and its Surface business, which delivers items weighing 10 kilograms and above door-to-door.
News18
23-07-2025
- Business
- News18
IPO-bound Shadowfax inducts new board members
Mumbai, Jul 23 (PTI) IPO-bound Shadowfax Technologies on Wednesday said it has appointed three new members to its board as the new-age logistics firm prepares for its initial public offering (IPO). The company has inducted two senior management personnel Praharsh Chandra (Whole-Time Director and the Chief Business Officer) and Gaurav Jaithlia (Whole-Time Director and the Head of Business Strategy), to its Board, Shadowfax said in a statement. Their elevation reflects the company's commitment to long-term growth and business insight at the board level. The Bengaluru-based Shadowfax has also appointed Dinkar Gupta, former Director General of the National Investigation Agency (NIA), as a non-executive independent director. '…Having two of our senior management personnel, Praharsh Chandra and Gaurav Jaithlia, join the board along with Dinkar Gupta adds immense depth to our leadership. Together, they bring a powerful blend of institutional knowledge, strategic foresight, and governance expertise," Abhishek Bansal, Chairman, Managing Director and Chief Executive Officer of Shadowfax, said. Shadowfax is backed by marquee investors such as Flipkart, TPG, Eight Roads Ventures, Mirae Asset Ventures and Nokia Growth Funds. Founded in 2015, Shadowfax is a technology-led third-party logistics provider catering to e-commerce, quick commerce, food delivery and mobility segments. PTI HG TRB (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 23, 2025, 19:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
02-07-2025
- Business
- Time of India
Logistics startup Shadowfax files for Rs 2.5k cr IPO
Mumbai: Logistics startup Shadowfax has filed draft IPO papers with Sebi through the confidential filing route. 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 Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
01-07-2025
- Business
- Economic Times
Shadowfax files confidential prospectus for its IPO
Company Images Hyperlocal logistics player Shadowfax has filed the draft red herring prospectus for its initial public offering (IPO) with markets regulator Sebi, taking the confidential route, according to a newspaper advertisement by the company. ET had first reported on June 27 that the Flipkart-backed company was on the verge of filing papers for its Rs 2,000-2,500 crore IPO, of which about half is expected to be in the form of a primary issue. By filing confidentially, the firm can gauge investor interest and finetune its IPO plans without immediately disclosing financials and other sensitive business information. Most of the Rs 1,000-1,100 crore to be raised from the primary share sale is expected to be invested in bulking up the company's quick-delivery offerings. 'The company has been seeing massive traction emerging from quick deliveries…and its economics have also been improving,' a person in the know had told ET fiscal year 2024, Shadowfax clocked around Rs 1,885 crore in operating revenue, up 33% from the previous year, and turned operationally profitable. It reported a net loss of Rs 12 crore for FY24, down 92% year-on-year, but posted earnings before interest, taxes, depreciation and amortisation (Ebitda) of Rs 23 the filing done, Shadowfax joins a long list of new-age companies that have submitted their draft papers to the markets regulator. The others are PhysicsWallah, Boat, Urban Company, Shiprocket, Groww, Capillary Technologies, Pine Labs, Wakefit and Curefoods. Meesho and Lenskart are also expected to file their papers soon. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Inside TechM CEO's 'baptism by fire' and the blaze he still needs to douse How the sinking of MSC Elsa 3 exposed India's maritime blind spots Profits plenty, prices attractive, still PSU stocks languish. Why? The bike taxi dreams of Rapido, Uber, and Ola just got a jolt. But they're winning public favour Stock Radar: Indus Tower stock breaks out from Symmetrical Triangle pattern; could hit fresh 52-week high – check target & stop loss Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus Will worst of perception be over in Q1 earning season? 9 IT stocks, probably best contrarian bets. Use a different way to be contrarian Stock picks of the week: 5 stocks with consistent score improvement and return potential of more than 25% in 1 year No trending terms available.
