Private Equity Liquidity Events
Qualcomm sells stake in logistics co. Shadowfax for Rs.157-Cr
Source Inc42 (opens in a new tab)
Qualcomm Asia Pacific, an affiliate of Qualcomm Ventures, has sold 57.1 lakh shares of Bengaluru-based logistics company Shadowfax in an open-market transaction at INR 275.3 per share on October 12, fetching about INR 157.3-Cr.Founded in 2015 by Abhishek Bansal and Vaibhav Khandelwal, Shadowfax operates a logistics network that provides services to the e-commerce, quick commerce, and D2C (direct-to-consumer) sectors. The company plans to expand its network of dark stores from 47 to 100 by March 2027 to strengthen its quick commerce capabilities.
Company website ↗ (opens in a new tab)
Qualcomm Ventures first invested in Shadowfax in Aug 2018. The company went public in Jan 2026, as part of which, Qualcomm Ventures had made a partial exit. It subsequently sold shares in Aug 2026.For FY25, Shadowfax had reported about INR 2,467 Cr in Operating Income and about INR 6 Cr in PAT.