• Indian startup ecosystem witnessed a record week of funding across diverse sectors including Climate Tech, Travel, Aviation Tech, Retail, and Digital Entertainment.
• Major deals included IPO-bound Shadowfax Technologies and Groww, alongside fresh rounds for Wyzard.ai, Krieya Beauty & Wellness, and The Artment.
• The week saw funding across all stages from Angel and Seed rounds to Pre-Series and IPO signaling strong investor confidence and sectoral growth momentum.

The Indian startup ecosystem has set a new record by bagging another round of funding in a few sectors like Climate tech, Travel, Aviation Tech, Retail Apparel and Fashion, and Chemical Manufacturing & Digital Entertainment. It marks another win for the startupreneurs by raising funds and updating the growth probability and standardizing the products and services. The week went by successfully witnessing funds in every stage of funding from Pre-Seed, Pre-series, Seed, Series C, and others.

Funding News: Shadowfax Technologies is set to raise Rs 2,000 crore via an initial public offering (IPO). 

Startup: Shadowfax Technologies

Founders: Abhishek Bansal, Vaibhav Khandelwal, Praharsh Chandra, and Gaurav Jaithliya. 

About us: Shadowfax Technologies is a Bengaluru-based logistics and delivery services company that leverages a technology-driven network to serve e-commerce, grocery, food, medicine and hyperlocal delivery across more than 14,000 pin codes in India. 

Founded Year: 2015. 

Office: Headquartered in India (Bengaluru) and serving clients and delivery partners across the country. 

Sector: Logistics / Last-mile delivery / Technology-enabled supply chain

Funding Round: IPO (Initial Public Offering)

Investors / Shareholders: Existing major backers include Flipkart Internet Private Ltd (14.8% stake) and others like Eight Roads Ventures, TPG NewQuest Asia Fund, Nokia Growth Partners, Mirae Asset Capital, and International Finance Corporation several of whom plan to partially divest via the offer-for-sale portion of the IPO.

Shadowfax has filed an updated Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its proposed IPO valued at up to Rs 2,000 crore split equally between a fresh issue of shares (Rs 1,000 crore) and an offer-for-sale (OFS) of up to Rs 1,000 crore. The proceeds will be used to expand network infrastructure, scale technology capabilities, lease new first-mile/last-mile and sort centres, augment marketing, and pursue inorganic growth and potential debt reduction. In FY25, Shadowfax reported revenue of approximately Rs 2,485 crore (up 32% year-on-year) and a net profit of about Rs 6.4 crore. For the six months ended September 30 (H1 FY26), revenue rose 70% to Rs 1,805 crore and net profit increased to Rs 21 crore. 

Website: www.shadowfax.in

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