In a first-of-its-kind initiative, hub-in-charges tied rakhis to delivery partners acknowledging their dedication during the festive season, when many are away from home ensuring timely deliveries for others. Traditionally about siblings, Raksha Bandhan’s values of care and protection took on new meaning as Shadowfax honoured the backbone of India’s e-commerce ecosystem.

Deepak Kumar Goel, Chief of Last Mile Operations, Shadowfax, said “At Shadowfax, our delivery partners are not just workforce. This Raksha Bandhan, we wanted to express our heartfelt gratitude for their commitment and resilience. By celebrating the invisible yet powerful bonds that unite our teams, we aim to foster a deeper culture of care, camaraderie, and recognition.”

At Shadowfax hubs across the nation, hub in-charges tied rakhis to delivery partners. They turned operational areas into places of heartfelt celebration. It ensured they experienced the joy of the festival even while being away from home.

This act underscored the deep-rooted connections that keep India’s logistics network running built on respect, reliability, and mutual recognition. At a time when delivery partners are gearing up for the peak e-commerce season, Shadowfax’s Raksha Bandhan celebration served as a timely reminder that culturally rooted, thoughtful gestures can strengthen team spirit, boost morale, and foster a workplace where every member from leadership to last-mile partner feels truly valued.

This sets a strong example of how logistics companies can bring a human touch to operations and foster meaningful workplace traditions.

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As per sources, the IPO size is expected to be in the range of Rs. 2,000 – Rs. 2,500 crore, comprising of a mix of fresh issue and offer for sale (OFS) by existing shareholders. The company is expected to be valued around Rs. 8,500 crore.

In its last fundraise in February 2025, the company raised a primary and secondary capital at an approximate valuation of Rs. 6,000 crore.

The company plans to utilize the proceeds the fresh issue towards enhancing capacity, driving growth, and further investments in the company’s network business, according to sources.

The e-commerce segment is the major revenue contributor, accounting for around 75% of the business. The remaining comes from quick commerce and hyperlocal deliveries.

Shadowfax is backed by marquee investors such as Flipkart, TPG, Eight Roads Ventures, Mirae Asset Ventures and Nokia Growth Funds.

Shadowfax stands as India’s leading logistics service provider for e-commerce express parcel and value-added services. With a robust distribution network covering over 2,200+ cities and more than 14,300 PIN codes, Shadowfax has established itself as a market leader in the logistics industry.

The post Shadowfax Technologies Limited files Confidential DRHP for Rs. 2,500 crore IPO with SEBI appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.