In a significant step toward entering the public markets, hyperlocal logistics startup Shadowfax Technologies has filed its Draft Red Herring Prospectus (DRHP) with SEBI. The Bengaluru-based company, known for powering last-mile delivery for ecommerce giants, food delivery platforms, and direct-to-consumer brands, is now preparing to raise funds through an initial public offering (IPO). The move signals not only Shadowfax’s growth trajectory but also the increasing maturity of India’s logistics and supply chain ecosystem.
Founded in 2015 by Abhishek Bansal and Vaibhav Khandelwal, Shadowfax started as a hyperlocal delivery aggregator servicing restaurants. Over time, the platform expanded in
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