About Company

Incorporated in 2015, Shadowfax Technologies (“Shadowfax”) is a new-age, technology-led third-party logistics (“3PL”) company that leverages technology to facilitate digital commerce through its service network. They serve a wide category of enterprise clients, including horizontal and non-horizontal e-commerce, quick commerce, food marketplace, and on-demand mobility companies. Their services include (i) express, (ii) hyperlocal, and (iii) other logistics services to their clients. Their range of services includes express forward parcel deliveries, reverse pickups, and hand-in-hand exchange deliveries, prime deliveries, quick commerce and on-demand hyperlocal deliveries, and mobility.
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Shadowfax works with most major e-commerce platforms, including Meesho, Flipkart, Nykaa, Myntra, Kartrocket, and Purplle.
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Their clients include Meesho, Flipkart, Myntra, Swiggy, Bigbasket, Zepto, Nykaa, Blinkit, Kartrocket, Zomato, Uber, Pincode, Purplle, Licious, ONDC, Magicpin, among others.
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As of September 30, 2025, their extensive nationwide logistics infrastructure of 4,299 touchpoints, distributed across first- and last-mile centres and sort centres, covered 14,758 pin codes.
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Their platform processed 43.64 crore orders during FY2025, achieving a CAGR of 29.77% from FY2023. During the six months ended September 30, 2025, they processed 29.45 crore orders, which represents a CAGR of 50.11% from the six months ended September 30, 2024.
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To facilitate the penetration of digital commerce in India and offer its clients the ideal solutions for their end consumers, Shadowfax relies on its (i) nationwide network infrastructure, (ii) last-mile intra-city network of gig-based delivery partners, and (iii) proprietary technology platform, including a supply-demand allocation engine.
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As of September 30, 2025, their logistics network comprised more than 3.50 msf of operational space, including 53 sort centres spanning more than 1.80 msf, which manage the consolidation, sorting, and dispatch of shipments.
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They operate on a fully leased model for their logistics facilities and linehaul, while retaining ownership of the automation and machinery to ensure operational control. Through their asset-light model, they deploy their dedicated fleet of more than 3,000 trucks on average each day as a part of their linehaul network.

Strengths

Agile and customisable logistics services that enable faster go-to-market for clients

Largest last-mile gig-based delivery partner infrastructure

Extensive nationwide network

Proprietary and agile technology capabilities

Consistent market share expansion driven by deepening customer relationships and operating leverage.

Continue to expand their service portfolio

Continue to strengthen and expand their network

Continue to strengthen and expand their network

Company Promoters

Company Financials

Company Financials (Restated Consolidated)

Objects of the Issue