Shadowfax’s early investor Qualcomm Ventures sold 75 Lakh shares in a block deal worth ₹183.85 Cr in Shadowfax on Friday.
The block deal comes shortly after private equity giant TPG sold 1.25 Cr shares of Shadowfax worth nearly ₹300.6 Cr via an open-market transaction
As per BSE data, the firm, via its Qualcomm Asia Pacific Pte Limited, sold the shares at ₹245.13 apiece to rake in the amount
Shadowfax’s early investor Qualcomm Ventures sold 75 Lakh shares in a block deal worth ₹183.85 Cr in ShadowFax
on Friday (August 21).
As per BSE data, the firm, via its Qualcomm Asia Pacific Pte Limited, sold the shares at ₹245.13 apiece to rake in the amount. This is 4% less than the stock’s closing price of ₹255.45 on Friday.
Qualcomm Asia Pacific Pte Ltd owned 2.26% stake or 1.32 Cr shares in Shadowfax, as of June 2026. The investor first backed Shadowfax in 2018, as part of its $22 Mn Series C funding round, alongside Mirae Asset and Eight Roads Ventures.
It last offloaded 52.75 Lakh shares worth ₹65.4 Cr in the company via its IPO in January. The logistics company listed at a 9.19% discount at ₹112.60 apiece on the NSE, to the issue price of ₹124, earlier in January.
The block deal comes shortly after private equity giant TPG, via its entity NewQuest Asia Fund IV (Singapore), sold 1.25 Cr shares of Shadowfax worth nearly ₹300.6 Cr via an open-market transaction.
Prior to that, Walmart-owned Flipkart also sold 3.37 Cr shares of Shadowfax worth nearly ₹690 Cr in the listed logistics company via a bulk deal, while Eight Roads also sold 4.7 Cr shares across two bulk deals, worth about ₹964.4 Cr.
Founded in 2015, Shadowfax operates a logistics network serving ecommerce, quick commerce and direct-to-consumer brands. The company was listed on the stock exchanges earlier this year.
The logistics company has been expanding beyond ecommerce deliveries into quick commerce, same-day shipping, premium freight and fulfillment infrastructure.
It currently operates across more than 15,600 pin codes, supported by 2.6 lakh delivery partners, and plans to increase its network of dark stores from 15 to 100 during FY27 as it looks to strengthen its quick commerce business.
Shares of the company ended the day 1.9% higher at ₹260.30 apiece on the BSE today.
Source: Inc42 - Startups
