Shadowfax Listed
ShadowFax operates as a logistics and supply chain provider, delivering hyperlocal delivery services throughout India while addressing last-mile logistics challenges. Founded in 2015 by IIT Delhi alumni Abhishek Bansal and Vaibhav Khandelwal, the company serves e-commerce, quick-commerce, food/grocery, and enterprise clients, and listed on the NSE and BSE on January 28, 2026 following its IPO.
Valuation
Returns
Per share
Growth · year on year
Ownership
Price and ratios are compiled from the exchange and third-party market data, cached and refreshed through the day — they are not Atlas facts and are not investment advice. Where a ratio is computed on more than one basis (for example standalone versus trailing-twelve-month), each is shown separately rather than averaged into a single number.
How this score is calculated
| Measure | Value | Scores | Source |
|---|---|---|---|
| P/E What the market pays for each rupee of earnings. Lower is cheaper — but a low P/E can also mean the market expects earnings to fall. Computed on a different basis this reads 133.73, which would score 0/100. Scored on the figure shown. |
71.85 | 0/100 | BSE |
| P/B Price against book value. Most meaningful for banks and asset-heavy businesses; software and consumer brands trade high here for good reasons. |
8.47 | 0/100 | Market data |
| ROE Return on equity — profit generated per rupee of shareholder capital. Sustained high ROE is the clearest single marker of a good business. |
3.44 | 0/100 | Market data |
| ROCE Return on capital employed — the same idea including debt, so it is harder to flatter with leverage. |
4.91 | 0/100 | Market data |
| Profit growth Year-on-year growth in profit. Weighted above sales growth because profitable growth is the harder thing to do. |
152.31 | 100/100 | Market data |
| Sales growth Year-on-year growth in revenue. |
30.90 | 100/100 | Market data |
| Promoter holding How much of the company its founders and controlling group still own. Higher usually means their money moves with yours. |
16.51 | 25/100 | Market data |
The Atlas Score is our own arithmetic on the published figures above — nothing is hidden and nothing is bought in. It weighs quality and growth at 30% each, valuation at 25% and ownership at 15%, scoring each measure against fixed bands. Growth blends third-party market data with the fiscal-year figures we file and cite ourselves, so a company we have researched more deeply scores on richer evidence. A measure we could not fetch is left out of the average rather than counted as a zero. It is a summary of the numbers, not a recommendation, not a price target, and not advice about your circumstances.
Shadowfax: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 4 Mar 2025 | Pre-IPO | $8.76 Mn | Abhishek Bansal IMM India Fund Vaibhav Khandelwal | source |
| 28 Jan 2025 | Series F | $16.8 Mn (₹141.2 Cr total) | Mirae Asset Nokia Growth Partners | source |
| 27 Feb 2024 | Series E | $100 Mn | TPG NewQuest Flipkart International Finance Corporation (IFC) Mirae Asset Venture Investments Nokia Growth Partners Qualcomm Ventures Trifecta Capital | source |
| 5 Dec 2019 | Series D | $60 Mn | Flipkart Eight Roads Ventures International Finance Corporation (IFC) Mirae Asset-Naver Fund NGP Capital Qualcomm Ventures | source |
| Aug 2018 ~ | Series C | $22 Mn | NGP Capital Eight Roads Ventures Mirae Asset Qualcomm Ventures | source |
| Dec 2016 ~ | Series B | $10 Mn | Eight Roads Ventures | source |
| 12 Sep 2015 | Series A | $8.5 Mn | Eight Roads Ventures | source |
| Aug 2015 ~ | Angel | $300K | Kunal Bahl Prashant Malik Rohit Bansal Zishaan Hayath | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 27 Jan 2025 | Shadowfax | CriticaLog | Undisclosed | source |
| 31 Oct 2017 | Shadowfax | NuvoEx Logistics | Undisclosed | source |
| 9 Nov 2015 | Shadowfax | Pickingo Logixpress | Undisclosed | source |
News on Shadowfax
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Who founded Shadowfax?
Shadowfax was founded by Abhishek Bansal, Vaibhav Khandelwal in 2015.
How much funding has Shadowfax raised?
Shadowfax has raised $226.36 Mn across 8 tracked funding round(s), most recently on 2025-03-04. Figures are compiled from cited public sources.
Who are the investors in Shadowfax?
Investors in Shadowfax include Abhishek Bansal, IMM India Fund, Vaibhav Khandelwal, Mirae Asset, Nokia Growth Partners, TPG NewQuest, Flipkart, International Finance Corporation (IFC).
What does Shadowfax do?
ShadowFax operates as a logistics and supply chain provider, delivering hyperlocal delivery services throughout India while addressing last-mile logistics challenges. Founded in 2015 by IIT Delhi alumni Abhishek Bansal and Vaibhav Khandelwal, the company serves e-commerce, quick-commerce, food/grocery, and enterprise clients, and listed on the…
Where is Shadowfax headquartered?
Shadowfax is headquartered in Bengaluru, Karnataka, India.
What is Shadowfax's business model?
Shadowfax's core value proposition centers on Outsourced last-mile delivery so retailers can focus on their core business.
How does Shadowfax make money?
Shadowfax's cited revenue streams include E-commerce delivery (largest share), food & grocery, reverse logistics.