TPG sells ₹301 Cr in Shadowfax shares as logistics firm accelerates quick-commerce buildout
TPG sold 1.25 crore Shadowfax shares for ₹300.6 crore in a bulk deal. The logistics company reported 65% year-on-year Q1 FY27 revenue growth and plans to expand its dark-store network from 47 to 100 by FY27-end, strengthening its quick-commerce fulfilment capacity.
TPG sold ₹300.6 Cr of Shadowfax shares in a bulk deal, joining Flipkart and Eight Roads in reducing stakes. The Indian logistics provider reported strong Q1 FY27 growth and plans to double dark stores to 100 by FY27-end for quick-commerce expansion.
Why this matters
The stake sale follows Shadowfax raising its FY27 growth outlook after 65% Q1 revenue growth and reporting an eightfold rise in Q1 profit to ₹65.4 crore. Its planned dark-store expansion signals greater quick-commerce fulfilment investment.
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