As of March 31, 2025, Shadowfax is the fastest-growing new-age 3PL company of scale in India. Its service network spans 14,758 Indian pin codes as of September 30, 2025. The company serves a wide range of enterprise clients, including horizontal and non-horizontal e-commerce, quick commerce, food marketplaces, and on-demand mobility companies.
Also Read: PhysicsWallah likely to launch ₹3,820 crore IPO in coming weeks
In FY25, Shadowfax processed 436.36 million orders, achieving a CAGR of 29.77% from FY23. For the six months ended September 30, 2025, it processed 294.45 million orders, representing a CAGR of 50.11% from the same period in 2024.The company generated ₹24,851.31 million in revenue from operations in FY25 with an Adjusted EBITDA margin of 1.96%. Revenue for the six months ended September 30, 2025, reached ₹18,056.44 million with an Adjusted EBITDA margin of 2.86%.
ICICI Securities Limited, Morgan Stanley India Company Private Limited, and JM Financial Limited are the Book Running Lead Managers to the issue.
Also Read: NSE IPO will see light of the day: Sebi chief Tuhin Kanta Pandey
