India’s fast-growing last-mile logistics startup Shadowfax has raised INR 856 crore from anchor investors ahead of its much-awaited initial public offering (IPO), according to sources familiar with the development. The anchor round marks a crucial milestone in the company’s IPO journey and reflects strong institutional confidence in the scalability and profitability potential of India’s logistics-tech sector.
The anchor investors reportedly include a mix of domestic mutual funds, insurance firms, and global institutional investors, although the company has not officially disclosed the full list of participants. The anchor allocation was said to be oversubscribed, indicating robust demand ev
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