Qualcomm sells ₹157 Cr Shadowfax stake
By Abha Lohia ·
Shadowfax: revenue and funding and every story →
- Shadowfax is a Bengaluru logistics company whose shares trade on the stock exchange after its listing
- Qualcomm's Asia Pacific arm sold about 0.98% of it for roughly ₹157 crore in an open-market deal on 12 October
- This is its second sale since August, bringing total proceeds to about ₹341 crore from its early 2018 investment
What happened
- Sold 57.13 lakh shares, about 0.98%.
- Average price ₹275.30 a share.
- Sale priced about 6.6% below the close.
- Buyers were not disclosed.
Why it matters
- Follows a sale of 75 lakh shares on 21 August for about ₹184 crore.
- Total raised is about ₹341 crore.
- Other early investors have also been trimming stakes.
The business
- Bengaluru-based logistics company.
- Qualcomm Ventures invested in 2018, in a $22 million Series C led by NGP Capital.
- Qualcomm held 2.26% at the end of June 2026.
Who put in money
- Qualcomm Ventures Seller
In numbers
₹341 CrTotal Qualcomm sales · 2026
Other articles talking about it
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