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
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 2,000 crore through its upcoming IPO. The offering will be split equally between a fresh issue and an offer for sale, signaling confidence from both the company and existing investors.
The logistics unicorn’s meteoric rise comes on the back of a strong FY25 performance, when it reported 32% revenue growth to Rs 2,485 crore and a net profit of Rs 6.4 crore. The H1 FY26 numbers, however, show the company scaling new heights with over Rs 1,800 crore in revenue and profits that more than doubled in just six months.
Shadowfax’s strong performance underscores the rapid expansion of India’s logistics and delivery ecosystem. With e-commerce booming and businesses increasingly relying on flexible delivery networks, Shadowfax has positioned itself as a key player in the sector.
The updated DRHP indicates that Shadowfax is seeking to raise Rs 2,000 crore through its IPO. Investors will be looking closely at these numbers, as the company demonstrates not just strong top-line growth but also significant improvement in profitability—an achievement that could make this IPO one of the most anticipated in the Indian market this year.
The company’s growth is also a reflection of its strategic backing by Flipkart and its ability to leverage technology for efficient last-mile delivery, predictive logistics, and scalable operations.
As one of India’s fastest-growing logistics startups, Shadowfax is transforming how goods move across the country. The combination of robust revenue growth, doubling profits, and a well-planned IPO makes it a company to watch for investors and industry watchers alike.
With its DRHP filed, the logistics unicorn is setting the stage for a potential market debut that could redefine the future of Indian logistics.
