Stake sale · Mobility & Logistics

OxBow Master Fund buys 47.85 lakh Shadowfax shares in bulk deal

By Startup Enthusiast · 8 September 2026

What they do

Shadowfax provides express parcel delivery, hyperlocal logistics, and fulfilment solutions for e-commerce and direct-to-consumer brands across India

NewQuest Asia Fund IV sold 80 lakh shares at Rs 250.03 apiece through a bulk deal on the BSE

This transaction follows a similar sale in August 2026, with OxBow Master Fund acquiring a total 2% stake across both events

Investor NewQuest Asia Fund IV offloaded 80 lakh shares in Shadowfax through a bulk deal on the BSE.
The firm sold 80 lakh shares at a price of Rs 250.03 per share.
The total value of this specific transaction reached approximately Rs 200 crore.
OxBow Master Fund acted as the buyer, purchasing 47.85 lakh shares at Rs 250 each.
This activity follows a similar August 2026 deal where NewQuest sold 1.25 crore shares for Rs 300.6 crore.
Across both transactions, NewQuest has sold over 2.05 crore shares for a total exceeding Rs 500 crore.

The company recently completed a public listing on the stock exchange.
Shadowfax reported Rs 1,358 crore in operating revenue for Q1 FY27, marking 65% year-on-year growth.
Quarterly profits rose to Rs 65 crore, representing an eightfold increase compared to the previous year.
The company currently holds a market valuation of approximately Rs 14,656 crore or $1.54 billion.

Shadowfax operates a logistics network covering over 16,372 PIN codes in India.
The company manages a fleet of 3,500 trucks and employs 2.9 lakh delivery partners.
It offers services including express parcel delivery, reverse logistics, and quick commerce solutions.
The Shadowfax 360 platform provides digital shipping tools with flat-rate pricing and fast cash-on-delivery remittances.
Proprietary technology includes Shadowfax Maps for address correction and Shadowfax Shield for fraud detection.
The company has successfully delivered over 200 crore parcels since its inception.

NewQuest Asia Fund IV (seller) — An investment fund that held an 11.53% stake in Shadowfax as of June 2026.
OxBow Master Fund (buyer) — An investment fund that acquired a 2% stake in Shadowfax across two bulk deals.