Stake sale · Mobility & Logistics

TPG sells Shadowfax shares worth ₹300.6 crore

By Startup Enthusiast · 7 August 2026

What they do

Shadowfax is a logistics network serving ecommerce, quick commerce and D2C brands across India

TPG offloaded 1.25 crore shares at ₹240.46 each via open-market transaction; Oxbow bought 69.3 lakh shares for ₹166.5 crore

The sale comes as Shadowfax stock surged over 43% in three months and Q1 net profit jumped 8X to ₹65.4 crore

TPG sold 1.25 crore shares of Shadowfax at ₹240.46 each, worth ₹300.6 crore, in an open-market transaction.
The selling entity was NewQuest Asia Fund IV (Singapore), a TPG fund.
Oxbow, a Hong Kong hedge fund, bought 69.3 lakh shares at ₹240.25 each for ₹166.5 crore.
The buyer of the remaining shares was not disclosed.
Before the deal, TPG held an 11.53% stake (6.7 crore shares) as of June 2026.
After the sale, TPG diluted over 18% of its shareholding.
This follows Flipkart selling Shadowfax shares worth ₹690 crore via a block deal last month.
Eight Roads also offloaded 4.7 crore shares across two bulk deals for ₹964.4 crore.
Investors are booking profits amid a sharp uptick in Shadowfax's share price.

Shadowfax listed on stock exchanges earlier in 2026.
Its stock rose over 9% in the past week and over 43.5% in the past three months.
In Q1 FY27, consolidated net profit surged 8X to ₹65.4 crore from ₹8 crore a year ago.
Operating revenue grew 65% YoY to ₹1,358.1 crore in Q1 FY27.
The company revised its FY27 revenue growth forecast to 38-40% from 28-30%.

Shadowfax operates a logistics network serving ecommerce, quick commerce and D2C brands.
It delivers across over 16,372 pincodes in India.
The company has delivered over 200 crore parcels cumulatively.
It operates 3,500+ trucks and 53 lakh+ sq. ft. of operational space.
Shadowfax has 2.9 lakh+ quarterly delivery partners.
Its services include Express Parcel, Reverse Parcel, Prime, Prime Large, Critical Logistics, Hyperlocal, Quick Commerce, and an Electric Vehicle Fleet.
Shadowfax 360 is an all-in-one digital shipping platform with flat-rate pricing, zero COD charges, and D+2 COD remittance.
Technology products include Shadowfax Maps (AI-powered mapping), Shadowfax Shield (AI fraud detection), and Shadowfax Gigs (crowdsourced logistics network).

Shadowfax plans to increase its dark stores from 47 to 100 by the end of FY27.

TPG (seller) — Global private equity firm; sold via its NewQuest Asia Fund IV (Singapore) entity.
Oxbow (buyer) — Hong Kong-based hedge fund.