Qualcomm Sells Shadowfax Shares Worth ₹157 Cr In Bulk Deal

In a recent bulk deal involving logistics company Shadowfax, chipmaker Qualcomm Ventures sold 57.1 Lakh shares via an open-market transaction for ₹157.3 Cr. The sale took place through Qualcomm Asia Pacific Pte Limited, which owned a 2.26% stake or 1.32 Cr shares in Shadowfax as of June 2026. The shares were sold at ₹275.3 each, representing a 6.6% discount to the stock's last closing price on Monday.

This is the latest in a series of bulk deals for Shadowfax's shares, with private equity firm TPG offloading shares worth over ₹700 Cr in August alone. Shadowfax's stock has surged 29.3% in the past three months and more than 122.91% in the last six months, driven by strong financial performance. The logistics company reported an 8X increase in consolidated net profit to ₹65.4 Cr in Q1 FY27, with operating revenue growing 65% YoY and a solid 10% QoQ.

Shadowfax revised its FY27 revenue growth forecast to 38-40%, up from the previous 28-30% guidance. Founded in 2015 by Abhishek Bansal and Vaibhav Khandelwal, Shadowfax operates a logistics network for ecommerce, quick commerce, and D2C brands across more than 16,372 pincodes, aiming to expand its dark store network to 100 by March 2027.