
Shadowfax Goes Public: How India's Hyperlocal Logistics Unicorn Built an Unassailable Moat in the Country's Most Gruelling Delivery Market
Shadowfax Technologies, founded by Vaibhav Khandelwal and Abhishek Bansal in 2015, has completed its IPO journey in 2026, raising Rs 1,000 crore in fresh issue alongside an OFS component. The logistics major's public market debut reveals the resilience of India's last-mile delivery infrastructure and the founders who built it.








