Liquidity Events
TPG offloads more shares of logistics co. Shadowfax via Rs.115-Cr bulk deal
TPG has continued to dilute its shareholding in the listed logistics company Shadowfax. The private equity firm sold 40 lakh shares of Shadowfax at INR 287 apiece through an open-market transaction, raising INR 114.8 Cr. The transaction was executed by its entity NewQuest Asia Fund IV (Singapore). Shadowfax operates a logistics network that serves e-commerce, quick commerce, and D2C (direct-to-consumer) brands. Founded in 2015 by Abhishek Bansal and Vaibhav Khandelwal, the company currently operates across more than 16,372 pincodes.
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 partial exit. It subsequently sold shares in Aug 2026, Sep 2026 and Oct 2026.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
