Private Equity Liquidity Events
TPG-Newquest offloads Shadowfax shares in Rs.301-Cr bulk deal
Source Inc42 (opens in a new tab)
Private Equity investor TPG-Newquest (via NewQuest Asia Fund IV (Singapore)) has sold Rs.300.6-Cr worth shares in logistics company Shadowfax via an open-market transaction. The investor sold 1.25-Cr shares at Rs.240.46 each.Founded in 2015 by Abhishek Bansal and Vaibhav Khandelwal, Shadowfax manages a logistics network that supports ecommerce, quick commerce, and D2C brands. The company, which was listed on stock exchanges earlier this year, currently serves over 16,372 pincodes.
Company website ↗ (opens in a new tab)
TPG Newquest first invested in Shadowfax in Dec 2023. The company went public in Jan 2026, as part of which, TPG Newquest had made a part exit.For FY25, Shadowfax had reported about INR 2,467 Cr in Operating Income and about INR 6 Cr in PAT.