Shadowfax

Bengaluru, India Founded: 2015 • Age: 11 yrs Listed
Express delivery logistics solutions are provided for businesses and individuals.
Request Access
Report Incorrect Data
Page last updated

About Shadowfax

Shadowfax is a publicly listed company based in Bengaluru (India) founded in 2015 by Praharsh Chandra, Gaurav Jaithliya, Abhishek Bansal, and Vaibhav Khandelwal. Express delivery logistics solutions are provided for businesses and individuals. It operates in the Transportation, Automotive & Logistics and Retail sectors. Shadowfax has raised $246.8 million across 11 funding rounds from investors including Flipkart, Qualcomm and International Finance Corporation. Shadowfax has completed 3 acquisitions, including CriticaLog, NuvoEx and Pickingo. Shadowfax was last valued at $495.06 million in April 2022. Its chief executive, as recorded, is Abhishek Bansal. Its website shadowfax.in draws about 7.7 million monthly visits. Its Indian entity Shadowfax Technologies Limited reported revenue of ₹4,239 Cr. Shadowfax offers products and services including Express Parcel, Hyperlocal Delivery, Quick Commerce, Reverse Parcel, and Electric Vehicle Fleet. Its focus areas include Consumer, Logistics Tech, Ecommerce Logistics and End to End Delivery Services. Its competitors include Ripplr, Holisol and Shipyaari; 2 of its 3 listed competitors have raised funding.

Company details

Shadowfax was founded in 2015 and is headquartered in Bengaluru, India, operating in the logistics sector. Services encompass same-day, next-day, and instant deliveries, alongside intercity parcel handling, reverse logistics, and fulfillment options. These are tailored for e-commerce platforms, direct-to-consumer brands, small and medium enterprises, and personal courier requirements. Technology tools for route optimization and fraud detection are also integrated into operations.

  • Headquarters Bengaluru, India
  • Founders Praharsh Chandra, Gaurav Jaithliya, Abhishek Bansal, Vaibhav Khandelwal
  • Stage Public
  • Sectors
    Transportation, Automotive & Logistics
    Retail
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website shadowfax.in
  • Social LinkedIn X Facebook Instagram YouTube
  • Legal Name Shadowfax Technologies Limited
Operational Areas
Transportation, Automotive & Logistics → Logistics Technology & Platforms
Retail → E-Commerce Enablers & Infrastructure
Key Metrics
  • Market Cap
    ₹17,430 Cr

    SHADOWFAX · NSE

  • Share Price
    ₹284.95

    -3.75% today

  • Revenue
    ₹4,202 Cr

    FY 2025-26 · +69.1% YoY

  • EBITDA
    ₹221 Cr

    Margin 5.2%

  • Net Profit
    ₹112 Cr

    FY 2025-26 · +1637.3% YoY

  • P/E (TTM)
    75.5x

    P/B 9.0x

  • ROE
    6.7%

    ROCE 6.9%

  • Debt / Equity
    0.16

    Interest cover 27.9x

  • Total Equity Funding
    $246.8M (USD)

    in 11 rounds

  • Latest Funding Round
    $16.27M (USD), Series F

    Feb 2025

  • Investors
    Flipkart

    & 19 more

  • Investments & Acquisitions
    CriticaLog

    & 2 more

Products & Services of Shadowfax

Shadowfax offers a comprehensive portfolio of products and services, including Express Parcel, Hyperlocal Delivery, Quick Commerce, Reverse Parcel, and Electric Vehicle Fleet.

Express Parcel
Delivery Service

Reliable delivery for D2C and small enterprises with quality checks

Hyperlocal Delivery
Quick Commerce

Fast 10-45 minute delivery for food, pharma, and groceries

Quick Commerce
Ecommerce Logistics

Slotted and express doorstep deliveries for various items

Reverse Parcel
Return Management

Efficient returns with doorstep checks and refunds

Electric Vehicle Fleet
Sustainable Logistics

Eco-friendly delivery options for hyperlocal and ecommerce needs

Apps and channels of Shadowfax

Shadowfax publishes 2 mobile apps with over 5.1M+ downloads; its YouTube channel Shadowfax News has 45.2K subscribers and 30 videos.

Flash by Shadowfax
Google Play Business Everyone Free
Developer: Shadowfax Technologies
View on Google Play
Shadowfax Delivery Partner App
Google Play Business Everyone Free
Developer: Shadowfax Technologies
View on Google Play
Shadowfax News
YouTube 45.2K subscribers 30 videos Science & Technology
Open channel

Videos from Shadowfax

The most watched videos on Shadowfax's YouTube channel, Shadowfax News (45.2K subscribers). Click a video to play it here.

🔥 Ab Milega Zyada Paisa – High Base Pay & Distance Pay Ke Saath! 💸
129.3K views
🔥 Boost Your Earnings with Our New High Base Pay & Distance Pay Offers! 🚀
123.2K views
Earn upto ₹50,000 monthly with extra bonus & incentive || Shadowfax
86.3K views
Big Money Day || Logo Reveal || Highest Earning Days
6.9K views

More on Shadowfax News.

Funding Insights of Shadowfax

Shadowfax has successfully raised a total of $246.8M across 11 strategic funding rounds. The most recent funding activity was a Series F round of $16.27 million completed in February 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $246.8M
  • Total Rounds 11
  • Last Round Series F — $16.27M
  • First Round $300,000

    (Jul 2015)

  • Investors Count 20

Latest 10 of 11 funding rounds of Shadowfax with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Feb 2025$16.27MSeries F––
Mirae Asset, NGP Capital
Feb 2024Debt – Conventional––
–
Feb 2024$50MSeries E–TPG
Mirae Asset Venture Investments, Flipkart
Aug 2023$60MSeries D–Newquest
–
Apr 2022$18.97MSeries D$495.06MFlipkart
Trifecta Capital, Qualcomm Ventures
Nov 2021$671,695Series D$477.67MTrifecta Capital
–
Dec 2019$60.09MSeries D$•••••Flipkart
Eight Roads Ventures, NGP Capital
Aug 2018$22MSeries C$•••••NGP Capital
Qualcomm Ventures, Eight Roads Ventures
Dec 2016$10MSeries B$•••••Eight Roads Ventures
–
Aug 2015$8.5MSeries A$•••••Eight Roads Ventures
–
Valuation history
DateValuationStage
Apr 2022$495.06M••••••••
Nov 2021$477.67M••••••••
Dec 2019$•••••••••••••
Aug 2018$•••••••••••••
Dec 2016$•••••••••••••
Aug 2015$•••••••••••••
Jul 2015$•••••••••••••
Premium access

Full valuation and stage history of Shadowfax

Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.

  • All valuation points
  • Stage changes
  • Dates
  • Exports

Verified entity values are shown only after access is granted.

Last known valuation $495.06M (Apr 2022). 20 investors in total: 12 institutional and 8 angel.

Investors in Shadowfax

Shadowfax has secured backing from 20 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Flipkart, Qualcomm and International Finance Corporation.

All
Venture Fund
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
Mirae Asset
Mirae Asset is engaged in mutual fund and asset management services.
1997miraeassetmf.co.inMumbai, India
NGP Capital
Venture capital firm focused on B2B companies
ngpcap.comPalo Alto, United States
TPG
Fund of funds focused on pre-seed and seed-stage companies
1992tpg.comFort Worth, United States
Mirae Asset Venture Investments
Venture capital investments in disruptive businesses and entrepreneurs across stages.
2022miraeassetvc.co.inMumbai, India
International Finance Corporation
IFC is focused on private sector development in emerging markets.
1956ifc.org
Trifecta Capital
Private debt and equity funds are managed for technology sectors.
trifectacapital.inGurugram, India
Newquest
Private equity secondary market investments are managed diversely.
2011nqcap.comHong Kong, China
Qualcomm Ventures
Venture capital investing in technology sectors such as AI and automotive.
2000qualcommventures.comSan Diego, United States
Eight Roads Ventures
Venture capital investment and global platform support for startups.
2008eightroads.comLondon, United Kingdom
IMM Investment
IMM Investment is recognized as a leading multi-asset alternative investment firm in Asia.
imminvestment.comSeoul, South Korea
Premium access

Investor details for Shadowfax

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

  • Complete investor list
  • Round participation
  • Investor portfolios
  • Co-investor network

Verified entity values are shown only after access is granted.

Board of directors of Shadowfax Technologies Limited (Shadowfax)

Shadowfax Technologies Limited is the primary company behind Shadowfax. The boards of the 2 registered companies of Shadowfax currently have 9 directors; the longest-serving is Vaibhav Khandelwal, appointed in 2015. 15 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Vaibhav Khandelwal
DIN 07155413
Whole-time director21 Apr 201511 yrs 6 moShadowfax Technologies Limited, Shadowfax Marketplace Private Limited
Bijou Kurien
DIN 01802995
Director01 Jan 20251 yr 10 moShadowfax Technologies Limited
Ruchira Shukla
DIN 03517228
Director21 Jan 20251 yr 9 moShadowfax Technologies Limited
Pirojshaw Aspi Sarkari
DIN 00820860
Director21 Jan 20251 yr 9 moShadowfax Technologies Limited
Abhishek Bansal
DIN 07155421
CEO21 Apr 20251 yr 6 moShadowfax Technologies Limited, Shadowfax Marketplace Private Limited
Kollurjairam Praveen Kumar Naidu
DIN 06847140
CFO21 Apr 20251 yr 6 moShadowfax Technologies Limited
Gaurav Jaithlia
DIN 09478517
Whole-time director23 Jun 20251 yr 4 moShadowfax Technologies Limited
Dinkar Gupta
DIN 07674724
Director23 Jun 20251 yr 4 moShadowfax Technologies Limited
Praharsh Chandra
DIN 11165888
Whole-time director23 Jun 20251 yr 4 moShadowfax Technologies Limited

People of Shadowfax

177 people are tracked at Shadowfax (61 in leadership, 116 in team).

NameRoleGroup
Praharsh Chandra
Co-Founder & CBOLeadership
Gaurav Jaithliya
Co-FounderLeadership
Abhishek Bansal
Co-Founder & Co-CEOLeadership
Vaibhav Khandelwal
Co-Founder & CTOLeadership
Zafar Qureshi
Co-CEOLeadership
Praveen Kumar Kj
CFOLeadership
Vinod Kudithipudi
Associate DirectorLeadership
Beta Sahoo
VP, E-commerce OperationsLeadership
Anil Kalher
Associate Director FranchiseLeadership
Piyush Abraham
Category Head : New Business And Small EnterprisesLeadership
Devinder Sahani
Vice President OperationsLeadership
Nitesh Lohiya
Chief Product OfficerLeadership
Mishrita Jain
Human Resources Business PartnerLeadership
Ankita Shah
Associate DirectorLeadership
Nikhil Mehta
Associate Director Ll D2c Brands & EnterprisesLeadership
Ankit Kala
Chief of Network & PlanningLeadership
Pramod Kumar Yadav
Director Of OperationsLeadership
Anish V.
Vice PresidentLeadership
Ananda Dasgupta
Vice President - Growth And RevenueLeadership
Sonali Hooda
Associate Director, Growth And Sales StrategyLeadership

157 more people are available in the full profile.

Premium access

Complete people profiles for Shadowfax

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
  • Team structure
  • Board tenure
  • Professional contacts

Verified entity values are shown only after access is granted.

IPO & Listings of Shadowfax

Shadowfax is a publicly listed company on the NSE with ticker symbol SHADOWFAX in India, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date28 Jan 2026
  • Listed onBSE: 544685 · NSE: SHADOWFAX
  • Listed entityShadowfax Technologies Limited
  • Exchange sectorTechnology services
  • ISININE12UN01015
  • Share price₹295.85 (+0.97% on the day) · 2026-10-14
  • Market capitalisation₹17,209 Cr
  • Volume (last session)807,011

Financials of Shadowfax

Exchange-reported figures of Shadowfax Technologies L, the listed company behind Shadowfax (NSE: SHADOWFAX).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹4,202 Cr
+69.1% YoY
EBITDA
₹221 Cr
+249.5% YoY
Profit After Tax
₹112 Cr
+1637.3% YoY
Net Worth
₹1,745 Cr
+164.2% YoY
Total Assets
₹2,012 Cr
+146.6% YoY
Total Debt
₹247 Cr
+86.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Income statement
Revenue4,2022,4851,8851,415
Revenue growth+69.1%+31.9%+33.2%-
EBITDA22163.1818.69(107)
EBITDA margin+5.3%+2.5%+1.0%-7.6%
Profit before tax1116.06(11.89)(143)
Net profit1126.43(11.89)(143)
Net profit margin+2.7%+0.3%-0.6%-10.1%
EPS (₹)1.920.42(495.08)(6,174.81)
Balance sheet
Total assets2,012816471251
Net worth1,745660422176
Total debt24713240.3366.70
Cash & bank67919110386.18
Net working capital462121(8.05)69.16
Cash flow
Cash from operations35049.86132(72.83)
Cash from investing(1,091)(119)(311)(39.80)
Cash from financing86313020089.61
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue1,5381,3581,2371,160982824712701
Revenue growth (YoY)+56.6%+64.9%+73.6%+65.5%----
Other income20.4421.0615.516.485.958.186.945.68
EBITDA10491.7781.0566.4639.1525.2212.0620.84
EBITDA margin+6.7%+6.8%+6.6%+5.7%+4.0%+3.1%+1.7%+3.0%
Depreciation46.2739.7635.2532.2627.9721.8824.3616.60
Interest10.017.676.455.824.113.504.883.46
Profit before tax67.9565.4054.8634.8613.028.02(10.24)6.46
Tax0.000.00(0.97)0.000.000.00(0.37)0.00
Net profit67.9565.4055.8334.8613.028.02(9.87)6.46
EPS (₹)1.141.100.940.670.250.15(0.20)0.13
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue4,0802,4671,8851,415991464323
Revenue growth+65.4%+30.9%+33.2%+42.8%+113.6%+43.7%-
EBITDA21462.1118.68(107)(152)(145)(89.72)
EBITDA margin+5.2%+2.5%+1.0%-7.6%-15.4%-31.3%-27.8%
Profit before tax1156.21(11.90)(143)(176)(133)(86.55)
Net profit1156.21(11.90)(149)(180)(155)(94.58)
Net profit margin+2.8%+0.3%-0.6%-10.5%-18.2%-33.4%-29.3%
EPS (₹)1.980.41(495.08)(6,174.81)(7,624.03)(5,777.22)(3,769.51)
Balance sheet
Total assets1,998796471246263322415
Net worth1,749660422176157301410
Total debt23412240.3360.7393.555.531.14
Cash & bank67318410386.1811183.9173.66
Net working capital473128(8.05)64.7710281.1290.13
Cash flow
Cash from operations34250.09132(72.55)(132)(113)(106)
Cash from investing(1,087)(128)(311)(40.03)130122(244)
Cash from financing87013220089.5671.60(0.14)367
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue1,5011,3241,2061,128950796694701
Revenue growth (YoY)+57.9%+66.3%+73.6%+61.0%----
Other income19.0221.0315.926.465.988.246.965.68
Total expenses1,3991,2341,1271,063915770683680
EBITDA10289.8678.6765.0635.3726.1011.0120.85
EBITDA margin+6.8%+6.8%+6.5%+5.8%+3.7%+3.3%+1.6%+3.0%
Depreciation44.0437.4333.1929.6723.6521.7323.2816.61
Interest9.597.266.135.323.473.474.773.46
Profit before tax67.3066.2055.2736.5314.239.14(10.08)6.46
Tax0.000.000.000.000.000.000.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 10 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue1,5381,3581,2371,160982824712701
Revenue growth (YoY)+56.6%+64.9%+73.6%+65.5%----
Other income20.4421.0615.516.485.958.186.945.68
EBITDA10491.7781.0566.4639.1525.2212.0620.84
EBITDA margin+6.7%+6.8%+6.6%+5.7%+4.0%+3.1%+1.7%+3.0%
Depreciation46.2739.7635.2532.2627.9721.8824.3616.60
Interest10.017.676.455.824.113.504.883.46
Profit before tax67.9565.4054.8634.8613.028.02(10.24)6.46
Tax0.000.00(0.97)0.000.000.00(0.37)0.00
Net profit67.9565.4055.8334.8613.028.02(9.87)6.46
EPS (₹)1.141.100.940.670.250.15(0.20)0.13
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Revenue4,2022,4851,8851,415
Revenue growth+69.1%+31.9%+33.2%-
Other income36.1529.5211.667.77
Total expenses3,9822,4221,8661,523
Employee cost392266212214
EBITDA22163.1818.69(107)
EBITDA margin+5.3%+2.5%+1.0%-7.6%
Depreciation11765.2427.7624.00
Interest28.8621.4014.4819.02
Profit before tax1116.06(11.89)(143)
Tax(0.97)(0.37)0.000.00
Net profit1126.43(11.89)(143)
Net profit margin+2.7%+0.3%-0.6%-10.1%
EPS (₹)1.920.42(495.08)(6,174.81)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Equity & liabilities
Share capital5824122495.11
Reserves & surplus1,163248172171
Shareholders' funds (net worth)1,745660422176
Minority interest0.000.000.000.00
Secured loans0.286.4631.5060.73
Unsecured loans2471268.835.97
Total debt24713240.3366.70
Total liabilities2,012816471251
Assets
Gross block858489204144
Net block58832911783.32
Capital work in progress0.000.000.000.00
Investments35432931259.63
Inventories0.000.000.000.00
Sundry debtors514329184157
Cash & bank balances67919110386.18
Loans & advances91.1443.3620.6318.02
Total current assets1,284564307261
Total current liabilities821443315192
Net working capital462121(8.05)69.16
Total assets2,012816471251
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Opening cash16210180.58104
Net cash from operating activities35049.86132(72.83)
Net cash from investing activities(1,091)(119)(311)(39.80)
Net cash from financing activities86313020089.61
Net change in cash12260.9820.42(23.03)
Closing cash67919110386.18
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Growth
Sales growth+69.1%+31.9%+33.2%-
EBITDA growth+249.5%+238.0%+117.4%-
PBT growth+1727.4%+9998.0%+91.7%+9997.0%
Net income growth+1637.3%+154.1%+91.7%-
Revenue CAGR (3Y)+43.7%---
Profitability & leverage
Net income margin+2.7%+0.3%-0.6%-10.1%
Return on capital employed+6.9%+2.8%0.0%0.0%
Return on net worth+6.7%+1.1%0.0%0.0%
Debt / equity0.160.160.180.38
Long-term debt / equity0.110.090.060.16
Interest cover27.90-1,038.83-159.65-14.47
Efficiency & per share
Fixed asset turnover6.247.1810.859.84
Inventory turnover0.000.000.000.00
Debtors turnover9.979.6911.079.01
EPS (₹)1.920.42(495.08)(6,174.81)
Dividend per share (₹)0.000.000.000.00
Book value per share (₹)29.9726.357,196.087,421.43
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue1,5011,3241,2061,128950796694701
Revenue growth (YoY)+57.9%+66.3%+73.6%+61.0%----
Other income19.0221.0315.926.465.988.246.965.68
Total expenses1,3991,2341,1271,063915770683680
EBITDA10289.8678.6765.0635.3726.1011.0120.85
EBITDA margin+6.8%+6.8%+6.5%+5.8%+3.7%+3.3%+1.6%+3.0%
Depreciation44.0437.4333.1929.6723.6521.7323.2816.61
Interest9.597.266.135.323.473.474.773.46
Profit before tax67.3066.2055.2736.5314.239.14(10.08)6.46
Tax0.000.000.000.000.000.000.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue4,0802,4671,8851,415991464323
Revenue growth+65.4%+30.9%+33.2%+42.8%+113.6%+43.7%-
Other income36.6129.5411.667.776.7023.769.58
Total expenses3,8662,4051,8661,5231,143609413
Employee cost35725921221417410165.40
EBITDA21462.1118.68(107)(152)(145)(89.72)
EBITDA margin+5.2%+2.5%+1.0%-7.6%-15.4%-31.3%-27.8%
Depreciation10864.1627.7624.0021.049.634.86
Interest27.1721.2814.4819.029.292.011.55
Profit before tax1156.21(11.90)(143)(176)(133)(86.55)
Tax0.000.000.000.000.000.000.00
Net profit1156.21(11.90)(149)(180)(155)(94.58)
Net profit margin+2.8%+0.3%-0.6%-10.5%-18.2%-33.4%-29.3%
EPS (₹)1.980.41(495.08)(6,174.81)(7,624.03)(5,777.22)(3,769.51)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital5824122495.114.864.864.86
Reserves & surplus1,16624817282482.23296405
Shareholders' funds (net worth)1,749660422176157301410
Secured loans0.005.7431.5025.7640.273.160.00
Unsecured loans2341178.8334.9753.282.371.14
Total debt23412240.3360.7393.555.531.14
Total liabilities1,998796471246263322415
Assets
Gross block76941020415010271.5430.92
Net block52026211783.3159.6550.2720.13
Capital work in progress0.000.000.000.000.000.000.00
Investments40537431259.6358.08169290
Inventories0.000.000.000.000.000.000.00
Sundry debtors49931218415769.3751.7143.53
Cash & bank balances67318410386.1811183.9173.66
Loans & advances91.5045.3620.6318.0211162.4226.20
Total current assets1,263541307261291198143
Total current liabilities79041331519618911753.26
Net working capital473128(8.05)64.7710281.1290.13
Total assets1,998796471246263322415
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash15410180.5810434.6025.778.49
Net cash from operating activities34250.09132(72.55)(132)(113)(106)
Net cash from investing activities(1,087)(128)(311)(40.03)130122(244)
Net cash from financing activities87013220089.5671.60(0.14)367
Net change in cash12653.3920.42(23.03)69.008.8317.28
Closing cash67318410386.1811183.9173.66
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+65.4%+30.9%+33.2%+42.8%+113.6%+43.7%-
EBITDA growth+244.5%+232.5%+117.4%+29.6%-5.2%-61.6%-
PBT growth+1754.8%+9998.0%+91.7%+19.0%-32.5%-53.6%+9997.0%
Net income growth+1754.8%+152.2%+92.0%+17.4%-16.6%-63.6%-
Revenue CAGR (3Y)+42.3%+35.6%+59.6%+63.7%---
EBITDA CAGR (3Y)---+6.2%---
Profitability & leverage
Net income margin+2.8%+0.3%-0.6%-10.1%-17.8%-28.7%-26.8%
Return on capital employed+7.1%+2.9%0.0%-48.6%0.0%0.0%0.0%
Return on net worth+6.9%+1.0%0.0%-88.1%0.0%0.0%0.0%
Debt / equity0.150.150.170.460.220.010.00
Long-term debt / equity0.100.080.060.200.090.000.00
Interest cover25.70-1,038.05-159.47-14.47-5.35-1.30-1.64
Efficiency & per share
Fixed asset turnover6.928.0410.6711.2511.429.0510.44
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover10.079.9611.0712.5016.369.747.42
EPS (₹)1.980.41(495.08)(6,174.81)(7,624.03)(5,777.22)(3,769.51)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)30.0326.347,196.0835,681.303,569.6112,865.2617,631.23

Investments & Acquisitions by Shadowfax

Shadowfax has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include CriticaLog, NuvoEx and Pickingo.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
CriticaLog
Technology-enabled critical logistics solutions are provided to diverse industries.
criticalog.comBengaluru, India2013Jan 2025••••
NuvoEx
Reverse logistics solutions are offered for Indian e-commerce returns.
nuvoex.comDelhi, India2013Oct 2017••••
Pickingo
Hyperlocal delivery services are provided for businesses in Delhi NCR.
pickingo.comGurugram, India2014Nov 2015••••
Premium access

Complete acquisition details for Shadowfax

Acquired stakes, deal sources and the complete acquisition history require an active premium plan.

  • Acquired stakes
  • Deal sources
  • Complete history
  • Exports

Verified entity values are shown only after access is granted.

Timeline of Shadowfax

8 dated milestones of Shadowfax across 11 years, from founding to its latest funding, stage changes and deals.

  1. Founded Shadowfax is founded.
  2. Funding First funding round of $300K.
  3. Milestone Reaches Minicorn status.
  4. Acquisition Acquires Pickingo.
  5. Acquisition Acquires NuvoEx.
  6. Acquisition Acquires CriticaLog.
  7. Funding Latest funding round, Series F, of $16.3M.
  8. IPO Lists on the stock exchange (IPO).

Competitors of Shadowfax

Shadowfax has 3 listed competitors in our database, 2 of them funded. They include Ripplr, Holisol and Shipyaari.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Ripplr
ripplr.in2019Bengaluru, India$91.08M466
End-to-end distribution and logistics solutions are provided across industries.
Holisol
holisollogistics.com2009Delhi, India$12.72M2,447
End-to-end supply chain, fulfilment, and IT solutions are provided.
Shipyaari
shipyaari.com2013Mumbai, India93
Offers eCommerce shipping, bulk transport, and international delivery services.
Premium access

Detailed competitors of Shadowfax

The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.

  • Full competitor set
  • Operating metrics
  • Benchmarks
  • Competitive positioning

Verified entity values are shown only after access is granted.

Web traffic of Shadowfax

The website of Shadowfax (shadowfax.in) receives about 7.7M visits a month.

  • Monthly visits
    7.7M

    ▼ 4.5% vs previous month

Similar websites

Websites whose visitors overlap most with Shadowfax. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
XpressBees
xpressbees.com
100%
4.9M#15,292View details
Imperfect International
shiprocket.co
77%
View details
Delhivery
delhivery.com
71%
24.1M#1,866View details
ekartlogistics.com
ekartlogistics.com
69%
#9,357–
Meesho
meesho.com
61%
54.7M#606View details
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
Premium access

All 33 similar websites and full traffic analytics for Shadowfax

The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.

  • 33 similar websites
  • Audience overlap
  • Engagement analytics
  • Traffic by brand

Verified entity values are shown only after access is granted.

Top companies in Logistics Technology & Platforms

3 companies that operate in the same segment as Shadowfax (Logistics Technology & Platforms) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Swiggy
Food and grocery items are ordered via an online network.
2014Bengaluru, Karnataka, IndiaUSD 3.54 BUSD 2.51 B4,488
Delhivery
Integrated logistics services including parcel delivery and warehousing are provided.
2011Gurugram, Haryana, IndiaUSD 1.56 BUSD 1.12 B23,536
Shiprocket
E-commerce tools for shipping, marketing, and financial services are provided.
2012Gurugram, Haryana, IndiaUSD 321.57 MUSD 135.47 M915
Upgrade to premium

Unlock complete access to The Company Check

Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.

Upgrade to Premium No viewing limits. Your plan controls exports and screening usage.
Included in your Premium account
  • ✓
    Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
  • ✓
    Full access to every database India & global coverage, advanced filters and rich profile details
  • ✓
    Always-on access from your team account Single premium plan for everything you see on the portal

Related news about Shadowfax

Shadowfax Tech: Management Sets Long-Term Revenue Growth Goal Of 27% To 30%; Value-Added Services Expected To Contribute Around 35% To 40% Of Revenue In Next Three To Five Years.
Exchange Update • 11 days ago
Shadowfax Tech: Aims for Long-Term Growth with Express Parcel Expected to Rise by 27%-28% Annually and Quick Commerce Anticipated to Grow Over 30% While Staying on Top.
Exchange Update • 11 days ago
SHADOWFAX: Q2 CONS NET PROFIT 679M RUPEES VS 130M (YOY)
Exchange Update • 12 days ago
SHADOWFAX: Q2 EBITDA 1B RUPEES VS 390M (YOY); Q2 EBITDA MARGIN 6.75% VS 3.97% (YOY)
Exchange Update • 12 days ago
SHADOWFAX: Q2 REVENUE 15.4B RUPEES VS 9.8B (YOY)
Exchange Update • 12 days ago
Qualcomm Ventures Sells Shadowfax Shares Worth ₹157.3 Cr
Viestories • 28 days ago
SHADOWFAX: RS. 174.01 CRORES BSE BLOCK TRADE; FOR ~ 5,872,675 SHARES, AT RS. 296.30
Exchange Update • 29 days ago
TPG Sells ₹113.6 Cr Shadowfax Shares Via Bulk Deal
Viestories • 1 month ago
Shadowfax: Kotak Inst Eqt on Shadowfax Initiates Add with Target Price of ₹310 as strong Meesho exposure and share gains should drive 1.4x industry growth through FY30, while cost-deflation levers and superior asset turnover help offset margin pressure from higher Meesho dependence.
Exchange Update • 1 month ago
NewQuest Sells 1.36% Stake in Shadowfax for Rs 200 Crore
Viestories • 2 months ago
Premium access

Complete news archive for Shadowfax

Full article history, source details, and older brand coverage require an active premium plan.

  • Full article archive
  • Source and publication date
  • Older coverage
  • Brand-specific news history

Verified entity values are shown only after access is granted.

Articles about Shadowfax on our blog

Frequently Asked Questions about Shadowfax

Shadowfax was founded in 2015.

Shadowfax is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

Abhishek Bansal is the CEO of Shadowfax, as recorded in our data. They have also founded this company.

Shadowfax is a funded company, having raised a total of $246.8M across 11 funding rounds to date. The company's 1st funding round was a Series A of $8.5M, raised on Jul 2015.

The primary company behind Shadowfax, Shadowfax Technologies Limited, reported revenue of ₹4,239 Cr for FY 2026, up 69% year on year.

Shadowfax was founded in 2015 and is headquartered in Bengaluru, India, operating in the logistics sector. Services encompass same-day, next-day, and instant deliveries, alongside intercity parcel handling, reverse logistics, and fulfillment options. These are tailored for e-commerce platforms, direct-to-consumer brands, small and medium enterprises, and personal courier requirements. Technology tools for route optimization and fraud detection are also integrated into operations.

Shadowfax's top competitors include Holisol, Ripplr and Shipyaari.

Shadowfax offers Express Parcel, Hyperlocal Delivery, Quick Commerce, Reverse Parcel, and Electric Vehicle Fleet.

Yes, Shadowfax is publicly traded on NSE under the ticker symbol SHADOWFAX.

Shadowfax has made 3 acquisitions, including CriticaLog, NuvoEx, and Pickingo.

Shadowfax has 20 investors. Key investors include Flipkart, Qualcomm, International Finance Corporation, Mirae Asset, and TPG.

The valuation of Shadowfax is $495.06M as of Apr 2022.

Explore millions of companies — effortlessly

Access structured, verified intelligence on 7M+ companies across industries, sectors, and global markets. From early-stage startups to large enterprises, discover ownership, leadership, funding, financials, acquisitions, and market signals — all in one powerful platform.

Free account with essential features Instant access to company reports Enterprise solutions available