Shadowfax IPO GMP Day 1 Live Updates: Gaurav Garg, Research Analyst at Lemonn Markets Desk on Shadowfax
Shadowfax Technologies Ltd, a tech-enabled, asset-light 3PL logistics player, offers a compelling play on India’s rapidly growing e-commerce and quick-commerce ecosystem. With pan-India reach across over 14,700 pincodes and a client roster that includes Flipkart, Meesho, Swiggy, Zomato, and Blinkit, the company has demonstrated strong revenue growth (~32% CAGR FY23–25) and operational scalability through its large gig-based delivery network. Its asset-light model and EBITDA-positive performance since FY24 highlight its improving profitability trajectory.