{
  "id": 3041400,
  "title": "Qualcomm Offloads Shadowfax Shares Worth ₹184 Cr In Bulk Deal",
  "url": "https://urgent.news/2026/08/24/qualcomm-offloads-shadowfax-shares-worth-184-cr-in-bulk-deal",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-24T14:19:10.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/qualcomm-offloads-shadowfax-shares-worth-%e2%82%b9184-cr-in-bulk-deal/"
  },
  "original_language": "en",
  "account": "In a significant transaction, Qualcomm Ventures sold 75 lakh shares of Shadowfax worth ₹183.85 crore in a block deal on Sunday, August 23. The shares were sold at ₹245.13 each, slightly below the stock's closing price of ₹255.45 on Friday. Qualcomm Asia Pacific Pte Ltd, which held a 2.26% stake in Shadowfax, participated in the sale. The investor's initial investment in Shadowfax was made in 2018 through a $22 million Series C funding round, alongside Mirae Asset and Eight Roads Ventures. Qualcomm Ventures had previously offloaded 52.75 lakh shares worth ₹65.4 crore during the company's IPO in January. The logistics company, Shadowfax, went public at a 9.19% discount to the issue price of ₹124, trading at ₹112.60 per share on the NSE in January. This recent block deal follows similar sales by other investors, including TPG through NewQuest Asia Fund IV (Singapore) and Flipkart. Shadowfax, founded in 2015, operates a logistics network supporting e-commerce, quick commerce, and direct-to-consumer brands. The company plans to expand its dark store network from 15 to 100 by FY27 to bolster its quick commerce business. On the BSE, Shadowfax's shares closed 1.9% higher at ₹260.30 each.",
  "summary": "Shadowfax’s early investor Qualcomm Ventures sold 75 Lakh shares in a block deal worth ₹183.85 Cr in Shadowfax on Sunday…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}