{"id":843577,"date":"2024-08-12T11:09:16","date_gmt":"2024-08-12T05:39:16","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=843577"},"modified":"2024-08-12T11:40:42","modified_gmt":"2024-08-12T06:10:42","slug":"logistics-company-shadowfax-eyes-rs-3000-crore-ipo","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/12\/logistics-company-shadowfax-eyes-rs-3000-crore-ipo\/","title":{"rendered":"Logistics company Shadowfax eyes Rs 3,000 crore IPO"},"content":{"rendered":"<p>Mumbai: Flipkart-backed ecommerce logistics firm Shadowfax Technologies plans to enter the primary market with an initial public offering to raise about Rs2,500-3,000 crore, said people in the know<\/p>\n<p>The promoters and private equity investors have started initial discussions with merchant bankers for the IPO, and are seeking a valuation of Rs5,000-8,000 crore for the company, they said.<\/p>\n<p>In February, Shadowfax raised about $50 million in a Series E round from TPG NewQuest and existing investors Venture Investments (India), Flipkart and IFC at a valuation of Rs3,000 crore ($355 million). It has raised about $230 million in total so far.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Flipkart-backed ecommerce logistics firm Shadowfax Technologies plans to enter the primary market with an initial public offering to raise about Rs2,500-3,000 crore, said people in the know The promoters and private equity investors have started initial discussions with merchant bankers for the IPO, and are seeking a valuation of Rs5,000-8,000 crore for the company, they said. In February, Shadowfax raised about $50 million in a Series E round from TPG NewQuest and existing investors Venture Investments (India), Flipkart and IFC at a valuation of Rs3,000 crore ($355 million). It has raised about $230 million in total so far.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-843577","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/843577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=843577"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/843577\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=843577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=843577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=843577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}