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[ Wed, Nov 27th 2024 ]: Bill Williamson
Flipkart-Backed Shadowfax Selects ICICI Securitie .. inancial As Lead Bankers For Upcoming IPO: Report
[ Wed, Nov 27th 2024 ]: Bill Williamson
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Flipkart-Backed Shadowfax Selects ICICI Securities, Morgan Stanley, and JM Financial As Lead Bankers For Upcoming IPO: Report

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The firm's IPO preparations come ahead of a Rs 400 crore funding round which was backed by Edelweiss Discovery Fund and multiple high net worth individuals (HNIs) and family offices
Shadowfax, a logistics startup backed by Flipkart, has chosen ICICI Securities, Morgan Stanley, and JM Financial as the lead bankers for its upcoming initial public offering (IPO), according to a report by The Economic Times. The company, which provides logistics services including last-mile delivery, reverse logistics, and warehousing, is preparing for a public listing that could potentially value it at around $1 billion. This move comes as part of Shadowfax's strategy to expand its operations and capitalize on the growing demand for efficient logistics solutions in India. The IPO is expected to help the company raise significant capital to fuel its growth and enhance its technological capabilities.

Read the Full abp LIVE Article at [ https://news.abplive.com/business/ipo/flipkart-backed-shadowfax-selects-icici-securities-morgan-stanley-and-jm-financial-as-lead-bankers-for-upcoming-ipo-report-1734172 ]