Shadowfax Posts Maiden Quarterly Profit, Plans 100 Dark Stores in FY27
Shadowfax turned profitable in Q4 FY26 with ₹55.8 Cr net profit on ₹1,237 Cr revenue (+73.6% YoY). Express orders surged 129% to 18 Cr, hyperlocal hit 4.2 Cr. The 3PL plans to scale dark stores from 15 to 100 with ₹190 Cr capex, riding India's quick commerce wave projected to 8X to $68 Bn by 2031.
Shadowfax turned profitable in Q4 FY26 with ₹55.8 Cr net profit on ₹1,237 Cr revenue, plans 100 dark stores in FY27. India's quick commerce GMV projected to 8X to $68 Bn by 2031; F&G fastest-growing ecom category.