Qualcomm Ventures, an early investor in Bengaluru-based logisticsfirm Shadowfax Applied sciences, has offered shares price Rs 157.28 crore by means of an open-market transaction, marking its second stake sale in the firm in much less than two months.

In accordance to bulk deal information from the BSE, Qualcomm Asia Pacific Pte Ltd, an affiliate of the US-based chipmaker, offered 57.13 lakh shares, representing a 0.98% stake, at an common worth of Rs 275.30 per share on October 12.

The sale worth was roughly 6.6% under Shadowfax’s closing worth of Rs 294.75 on the BSE on Monday. The identities of the consumers have been not disclosed in the accessible bulk deal information. 

The newest transaction follows an earlier saleon August 21, when Qualcomm offloaded 75 lakh shares, equal to a 1.28% stake, for roughly Rs 183.85 crore at an common worth of Rs 245.13 per share.

Collectively, the two transactions have generated roughly Rs 341.13 crore for Qualcomm. The investorheld a 2.26% stake, or round 1.32 crore shares, in Shadowfax at the finish of June 2026. The mixed shares offered broadly match its reported holding at that time. 

Qualcomm Venturesfirst invested in Shadowfax in 2018, collaborating in the firm’s $22 million Collection C funding spherical led by NGP Capital. Mirae Asset and present investor Eight Roads Ventures additionally participated in the spherical. 

NewQuest reduces stake in Shadowfax by means of a number of offers

Qualcomm’s newest sale comes amid a collection of stake reductions by present investorsin Shadowfax, which made its inventory market debut in January 2026.

TPG-backed NewQuest Asia Fund IV has additionally been promoting shares in the logistics firm by means of a number of bulk offers.

On October 6, NewQuest offered 40 lakh Shadowfax shares for Rs 114.8 crore at Rs 287 per share, representing roughly 0.68% of the firm’s fairness.

This was NewQuest’s fourth main bulk deal since August. The investor had beforehand offered 1.25 crore shares for roughly Rs 300.58 crore on August 6, adopted by 80 lakh shares price Rs 200.02 crore on September 8 and one other 40 lakh shares for Rs 113.61 crore on September 30.

Throughout these 4 transactions, NewQuest offered 2.85 crore shares for roughly Rs 729 crore, equal to round 4.86% of Shadowfax’s fairness. It held an 11.53% stake in the firm at the finish of June 2026. 

The share gross sales have adopted a substantial improve in Shadowfax’s inventory worth since its itemizing.

Shadowfax went public on January 28, 2026, at an problem worth of Rs 124 per share. Its closing worth of Rs 294.75 on October 12 was extra than twice the IPO worth, though this does not set up the returns earned by particular person traders. 

Shadowfax studies eightfold improve in quarterly revenue

The stake gross sales come as Shadowfax has reported stronger monetary efficiency.

The firm posted a consolidated internet revenue of roughly Rs 65.4 crore in the first quarter of the monetary 12 months 2026-27 (Q1 FY27), in contrast with round Rs 8 crore in the corresponding interval a 12 months earlier, an improve of extra than eightfold.

Income from operations rose 64.9% year-on-year and 9.8% quarter-on-quarter to Rs 1,358 crore throughout the quarter ended June 30, 2026.

Shadowfaxadditionally reported an adjusted earnings earlier than curiosity, tax, depreciation and amortisation (EBITDA) of Rs 67 crore, up 181.1% from a 12 months earlier. Its adjusted EBITDA margin improved to 4.9% from 2.9%.

Following the outcomes, Shadowfax raised its FY27 income progress forecast to 38-40%, in contrast with its earlier steering of 27-30%, whereas sustaining its earlier margin outlook. 

Shadowfax plans to develop dark-store community

Based in 2015 by Abhishek Bansal and Vaibhav Khandelwal, Shadowfax supplies third-party logistics providers to ecommerce, quick-commerce and D2C companies.

In accordance to its Q1 FY27 earnings presentation, the firm operated a community overlaying 16,372 pincodes throughout India as of June 2026, supported by 5,095 operational touchpoints. It added 716 pincodes throughout the quarter as half of its geographical enlargement. 

Shadowfax is additionally increasing its presence in fast commerce, together with by means of darkish shops, which are fulfilment amenities used to course of and dispatch on-line orders.

The firm had 47 operational darkish shops throughout six metropolitan cities as of June 30, 2026, up from 15 at the finish of the earlier quarter. It is concentrating on a community of at least 100 shops throughout FY27, which ends in March 2027.

The enlargement types half of Shadowfax’s plans to strengthen its logistics providers for quick-commerce platforms and category-focused on-line retailers.