Qualcomm exits Shadowfax with Rs 157 Cr stake sale

New Update

Qualcomm Ventures has sold Rs 157.28 crore worth of shares in logistics company Shadowfax Technologies through an open market transaction.

Qualcomm Asia Pacific Pte Ltd, an affiliate of the US-based chipmaker, sold 57.13 lakh shares, representing a 0.98% stake, at an average price of Rs 275.30 per share, according to bulk deal data on the BSE.

This follows another stake sale in August, when Qualcomm sold 75 lakh shares, representing a 1.28% stake, for Rs 183.85 crore at an average price of Rs 245.13 per share. Across the two transactions, Qualcomm has sold Shadowfax shares worth around Rs 341 crore.

The investor held a 2.26% stake in Shadowfax at the end of June 2026.

The latest sale comes amid a series of stake sales by existing investors in Shadowfax. TPG-backed NewQuest Asia Fund IV has also been selling shares in the logistics company through multiple bulk deals.

On October 6, NewQuest sold 40 lakh shares of Shadowfax for Rs 114.8 crore at Rs 287 per share. This was its fourth stake sale in the company in three months. Since July, NewQuest has sold around 2.85 crore shares, reducing its stake by approximately 4.86 percentage points. It held an 11.53% stake at the end of June 2026.

Shadowfax provides logistics services to ecommerce, quick-commerce and direct-to-consumer (D2C) companies. Founded in 2015 by Abhishek Bansal and Vaibhav Khandelwal, the company operates across more than 16,000 pincodes.

The company reported a consolidated net profit of Rs 65.4 crore in Q1 FY27, compared with Rs 8 crore a year earlier. Operating revenue rose 65% year-on-year to Rs 1,358 crore during the quarter.

Shadowfax shares are currently trading at Rs 296.15 with a total market capitalization of Rs 17,391 crore.