Flipkart-backed logistics player Shadowfax files fresh papers for Rs 2,000-crore IPO

MUMBAI: The Bengaluru-based technology-driven logistics services provider Shadowfax Technologies, which is backed by the $36-billion worth ecommerce giant, the Walmart-owned Flipkart, and the private equity major TPG, and tech giant Qualcomm, has filed updated draft papers with the Sebi for a Rs 2,000-crore initial public offering.

The Bentonville, Arkansas-headquartered global retail giant Walmart had paid $16 billion (the largest FDI in domestic history) for 77 percent stake in Flipkart in August 2018, has been planning an IPO for some years now and now may sail through next year, valuing the ecommerce giant at around $70 billion.