Flipkart, Eight Roads Offload Shadowfax Shares Worth ₹1,654 Cr In Bulk Deal

by · Inc42

SUMMARY

  • Walmart-owned Flipkart and existing investor Eight Roads Ventures have offloaded Shadowfax shares worth a cumulative ₹1,654.4 Cr through bulk deals, marking another partial exit by early backers of the listed logistics company
  • The stake sale reflects continued monetisation by early investors following Shadowfax's public listing and comes on the back of the company's profitable FY26
  • Flipkart sold 3.37 Cr Shadowfax shares at an average price of ₹204.45 apiece, raising about ₹690 Cr, while Eight Roads Ventures sold 4.7 Cr shares across two bulk deals worth ₹964.4 Cr