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Shadowfax Posts Maiden Quarterly Profit, Plans 100 Dark Stores in FY27
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
Shadowfax posts ₹55.8 Cr Q4 profit, plans 100 dark stores by FY27
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