Liquidity Events
Mirae Asset trims stake in third-party logistics provider Shadowfax
Mirae Asset Late Stage Opportunities Fund has sold shares worth about INR 120 crore in Bengaluru-based logistics company Shadowfax through a bulk deal. The transaction involved the sale of 56.5 lakh shares at INR 212 per share.Founded in 2015 by Abhishek Bansal, Vaibhav Khandelwal, Gaurav Jaithliya, and Praharsh Chandra, Shadowfax operates in the last-mile and hyperlocal logistics space. It provides delivery services to e-commerce marketplaces, D2C (direct-to-consumer) brands, and quick commerce players.
Mirae Asset invested in Shadowfax in Dec-19 and continued to invest till Jan-25, Mirae Asset subsequently sold shares in Jan-26.
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