Stake sale · Mobility & Logistics

Qualcomm sells Shadowfax stake worth Rs 183.85 crore

By Startup Enthusiast · 24 August 2026

What they do

Shadowfax provides logistics services like parcel delivery and fulfilment for ecommerce brands

Qualcomm sold 75 lakh shares representing a 1.28% stake via an open-market bulk deal

This follows other major exits by investors like Flipkart and Eight Roads earlier in 2026

Qualcomm Asia Pacific Pte Ltd sold 75 lakh Shadowfax shares on 21 Aug 2026.
The sale was executed through an open-market bulk deal at Rs 245.13 per share.
The total transaction value was Rs 183.85 crore for a 1.28% equity stake.
Qualcomm's holding dropped from 2.26% to approximately 1% after this transaction.
The stock closed at Rs 255.45 on the BSE, with the block price slightly below close.
This exit marks another significant reduction in early investor holdings since the company's IPO.
Flipkart and Eight Roads also conducted large-scale stake sales in July 2026.
NewQuest Asia Fund IV sold a similar percentage stake in early August 2026.

Investors are cashing out as the stock has doubled from its IPO offer price of Rs 124.
The bulk deal price was roughly 4% below the closing market rate on that day.
Multiple early backers have exited partially, signaling profit-taking after strong post-IPO performance.
The consistent selling pressure comes from diverse investors including US tech giants and VCs.

Shadowfax delivers parcels for ecommerce, D2C brands, quick-commerce platforms, and SMEs.
Services include express delivery, returns management, same-day shipping, and hyperlocal logistics.
It operates across 16,372+ PIN codes with a vast network of delivery partners.
The fleet includes 2.6–2.9 lakh quarterly delivery partners and 3,500+ trucks.
Operational space covers 53 lakh+ sq ft including warehouses and dark stores.
Total volume delivered exceeds 200 crore parcels since inception.

Type: secondary sale (existing shareholders sell their shares; no new money reaches the company)

Qualcomm Asia Pacific Pte Ltd (seller) — Subsidiary of US-based Qualcomm Incorporated / Qualcomm Ventures
Flipkart Internet (seller) — Walmart-owned ecommerce platform
Eight Roads Investments Mauritius II (seller) — Venture capital firm
NewQuest Asia Fund IV (seller) — Singapore-based private equity fund