Flipkart, Eight Roads sell Shadowfax shares worth ₹1,654 crore in bulk deals
Flipkart sold Shadowfax shares worth about ₹690 crore, while Eight Roads monetised roughly ₹964 crore through NSE bulk deals. The logistics firm reported 69.1% FY26 revenue growth and plans to expand its dark-store network from 15 to 100 in FY27.
Flipkart and Eight Roads sold Shadowfax shares worth ₹1,654.4 crore through NSE bulk deals. The logistics provider, serving ecommerce, quick commerce and D2C brands, reported strong FY26 growth and plans to expand its dark-store network to 100 in FY27.
Why this matters
The sale follows Flipkart’s planned Bengaluru food-delivery pilot and a recent Walmart–Flipkart deal viewed as an India retail-FDI signal, while Shadowfax’s dark-store expansion points to a broader logistics buildout.
retail-company is accelerating, up 1,097,500% QoQ.
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