Private Equity Liquidity Events
TPG sells addl shares of logistics co. Shadowfax in Rs.114-Cr bulk deal
Source Inc42 (opens in a new tab)
Private equity firm TPG, through its entity NewQuest Asia Fund IV (Singapore), has sold an additional 40 lakh shares in Bengaluru-based logistics company Shadowfax through an open-market transaction valued at INR 113.6-Cr. The shares were sold at a price of INR 284.03 per share.Founded in 2015 by Abhishek Bansal and Vaibhav Khandelwal, Shadowfax manages a logistics network that supports e-commerce, quick commerce, and D2C (direct-to-consumer) brands.
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 partial exit. It subsequently sold shares in Aug 2026 and Sep 2026.For FY25, Shadowfax had reported about INR 2,467 Cr in Operating Income and about INR 6 Cr in PAT.