Logistics Startup Shadowfax Files for Rs 2.5K CR iPO

Mumbai: Logistics Startup shadowfax has filed draft IPO papers with sebi through the confidential filing route. The company is seeking to raise up to Rs 2,000-2,500 Crore, Comprising a Mix of Fresh Isue of Shares and Offer for Sale by existing sharehlders, sources said. The flipkart and tpg-backed logistics startup, which was last valied at $ 712 million or about Rs 6,000 crore, is eyeing an po Valuation of about Rs 8,500 Crore.In the last few days, pine labs, wakefit, and curefoods filed draft iPo papers with the markets regulator, with other startups in the Queue. Tnn