ONDC raised ₹220 Cr ($23.1 Mn) via private placement, with Zoho putting in ₹70 Cr, Uber and Paytm ₹60 Cr each, and BSE ₹30 Cr. The capital deepens strategic backing as the network scales to 7.64 lakh sellers across 616 cities and clocks 21.8 Cr transactions in FY26.

Inc42 · Buzz · 6/2/2026, 12:17:15 PM

Third-party logistics firms are betting on vertical quick commerce in fashion, beauty, pet care and D2C, building dark stores for brands without in-house fulfilment scale. Shadowfax Q4 FY26 revenue hit Rs 1,237 cr (+74% YoY) with Rs 56 cr profit; 100 new dark stores planned in FY27. India 3PL market to grow $38.18B to $50.55B by 2031.

Financial Express · BrandWagon · 6/1/2026, 10:45:24 PM

Growth-stage VC Fundamentum Partnership has raised $227 million for its second fund, more than double its $100 million debut vehicle. The firm, co-founded by Nandan Nilekani, backs Series B/C Indian startups and counts retail names Lenskart, Spinny and Shadowfax in its portfolio — signalling deeper dry powder for late-stage consumer bets.

Moneycontrol · 5/26/2026, 9:47:16 PM

New-age startups are stalling IPO plans amid the US-Iran flare-up and tepid markets. Just 20 mainboard IPOs raised under Rs 20,000 crore YTD versus Rs 27,000 crore from six new-age listings prior. SEBI has extended IPO approval validity by six months, giving issuers room to wait out volatility.

Times of India · Business · 5/24/2026, 11:25:39 PM

Over half of capex from 18 mainboard IPOs (₹18,778 cr raised) in Q1 2026 is heading to tech and data infrastructure. Retail-linked issuers Meesho, Urban Company, Pine Labs and PhysicsWallah are prioritising digital stack over physical store rollouts.

Mint · Markets · 5/20/2026, 9:13:57 AM

D2CX Converge Ahmedabad gathered HOCCO, Wagh Bakri, Brillare, Bummer, Baker's Dozen and Aava to debate omnichannel distribution, unit economics and premiumisation as Indian D2C brands chase ₹100 Cr-plus revenue milestones across a 500 Mn shopper base.

Inc42 · 5/18/2026, 11:34:23 AM

CEO Sahil Barua argues captive networks deprioritise third-party shipments and run costlier, dismissing Amazon's India 3PL expansion as repackaged. Delhivery posted Q4 FY26 revenue of Rs 2,850 cr (+30% YoY) and Rs 72 cr profit; shares fell 4% to Rs 456, valuing it at Rs 34,175 cr (~$3.7B).

Entrackr · Newsletter · 5/18/2026, 9:52:52 AM

Logistics unicorn posts 73.6% YoY revenue growth with ₹55.8 Cr net profit vs prior loss. Orders doubled to 22.6 Cr, 3PL share at ~29%. Scaling from 15 to 100 dark stores in FY27, launching heavy-freight Prime Large and SME platform Shadowfax 360 across 120+ cities.

Inc42 · 5/18/2026, 7:42:43 AM

After ₹41,248 Cr raised across 18 startup listings in 2025, 24 DRHPs are queued for 2026-27. Retail-relevant names dominate: Zepto (₹11,682 Cr), PhonePe (up to ₹13,400 Cr), OYO (₹6,650 Cr), OfBusiness, Infra.Market, Cult.fit, boAt, Curefoods and Rebel Foods. Flipkart pushed to 2028.

Inc42 · Buzz · 5/17/2026, 5:25:05 PM

Logistics player posts ₹55.8 Cr net profit vs ₹9.9 Cr loss YoY, with orders doubling to 22.6 Cr. Plans to scale dark stores from 15 to 100 by FY27, integrate CriticaLog for premium freight, and expand Prime across 120+ cities. Cash pile of ₹1,574 Cr backs ₹185 Cr FY26 capex.

Inc42 · 5/17/2026, 5:39:15 AM

Logistics player swings to ₹55.8 Cr net profit from ₹9.9 Cr loss as Q4 FY26 revenue jumps 74% YoY. 3PL share quadruples to 29%, orders double to 22.6 Cr. Roadmap: scale dark stores from 15 to 100, launch heavy-shipment vertical, and expand Shadowfax 360 SME D2C platform.

Inc42 · Buzz · 5/17/2026, 5:38:31 AM

Logistics player swung to ₹118.8 cr FY26 profit on ₹4,201.7 cr revenue (Q4 alone delivered ₹56.4 cr profit vs prior loss). Plans 10,000 pin code coverage and FY27 capex of 2.5-3.5% of revenue, betting vertical quick commerce can sustain margin expansion.

ET Small Business · 5/16/2026, 7:09:55 PM

Listed logistics player Shadowfax targets 27-30% annual revenue growth and 100-120 bps margin gains over the next two years, after 69% growth last year. Drivers include Prime Large heavy shipments, Criticalog high-value deliveries, and a D2C/SME push via new Shadowfax 360 platform. D2C grew 2.5x YoY; shares up 74% YoY.

CNBC-TV18 · Companies · 5/16/2026, 4:03:43 PM

Shadowfax shares hit ₹192.35 (+17.2%) lifting market cap to ₹10,458 Cr after Q4 FY26 swung to ₹55.8 Cr profit from a ₹9.9 Cr loss. Revenue rose 73.6% YoY to ₹1,237 Cr on 22.6 Cr orders (+100.8%). Express orders doubled; dark stores to scale from 15 to 100 by FY27.

Inc42 · Buzz · 5/15/2026, 5:58:53 AM

Logistics player Shadowfax posted Q4 FY26 net profit of ₹55.8 Cr versus a ₹9.9 Cr loss YoY, with revenue jumping 74% to ₹1,237 Cr. Orders doubled to 22.6 Cr, lifting market cap to ₹10,458 Cr. Plans to scale dark stores from 15 to 100 by FY27 and expand Prime Large to 10,000 pin codes.

Inc42 · 5/15/2026, 5:58:45 AM

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.

Inc42 · 5/15/2026, 2:32:22 AM

3PL player turned profitable in Q4 FY26 on ₹1,237 Cr revenue (+73.6% YoY), with 18 Cr express orders and 30% market share. Plans to scale dark stores from 15 to 100 in FY27, backed by ₹190 Cr capex and CriticaLog integration to ride India's quick-commerce surge toward $68 Bn GMV by 2031.

Inc42 · Buzz · 5/15/2026, 2:32:16 AM

Zoho has pumped ₹70 Cr ($7.3 Mn) into ONDC to shore up India's open digital commerce rails, even as retail transactions fell from a 6.5 Mn peak in October 2024 to 4.6 Mn by February 2025. The network now spans 616 cities and 7.64 Lakh sellers, with 10,000 kiranas onboarded and 11x rural seller growth in FY26.

Inc42 · 5/13/2026, 10:12:57 AM

Zoho's ₹70 Cr ($7.3 Mn) bet backs ONDC's sovereign commerce stack as the network scales to 7.64 Lakh sellers and 11x rural order growth in FY26. But retail volumes have softened from the 6.5 Mn October 2024 peak to 4.6 Mn in February 2025, raising questions on post-subsidy traction.

Inc42 · 5/13/2026, 9:27:51 AM