Shadowfax Technologies Ltd

Shadowfax Technologies Limited was originally incorporated as a Private Limited Company dated April 21, 2015 and was subsequently, converted into a Public Limited company dated April 21, 2025 vide new certificate obtained from the Registrar of Companies, Delhi. Since, the Company is providing business platform for logistics services using technology to Business to Business customers, its services comprise of express forward parcel deliveries, reverse pickups and hand-in hand exchange deliveries, prime deliveries, quick commerce and on-demand hyperlocal deliveries, and mobility services. The Company acquired the business assets of Pickingo Logixpress Private Limited, pursuant to an asset transfer agreement in 2015. It launched India's first Doorstep Quality Check (DQC) for e-commerce customers in 2017. It acquired the business of Nuvo Logistics Private Limited in 2017, it launched 3PL service for e-commerce and direct-to-customer in 2018. The Company began operations of first automated sorting centre in Gurgaon in FY20-21 and entered the quick commerce delivery space business in 2022. In 2023, it launched large / volumetric express parcel category under value added services. In 2024, it scaled quick commerce service to 50 cities and hit 300,000 orders per day. The Company emerged as the largest 3PL company for the same day delivery, reverse shipment and quick commerce in terms of order volume as of and for the year ended March 31, 2025 and three months ended June 30, 2025. In FY25, Company has acquired Criticalog India Private Limited, by enhancing the capacity to handle critical shipments having higher value. Further, it has launched a multi-tier automated sorting center in Bilaspur (Haryana) and Bengaluru (Karnataka) in 2025. The Company came up with the IPO by issuing 153,812,014 equity shares of Rs 10 each and raised proceeds of Rs 1907 crore, which comprise a fresh issue of 80,645,160 equity shares amounting to Rs 1000 crore and the offer for sale of 73,166,854 equity shares amounting to Rs 907 crore on January 22, 2026.