Brief
Qualcomm Ventures sells Shadowfax stake for ₹157 cr in bulk transaction
The chipmaker’s affiliate off‑loaded a 2.26% holding in Shadowfax at ₹275.3 per share, while the listed firm reported an 8‑fold profit jump.
By Felo News Desk · Published
Qualcomm Ventures, via its affiliate Qualcomm Asia Pacific Pte Limited, sold 57.1 Lakh shares of listed logistics company Shadowfax for a total of ₹157.3 cr on Oct. 12, according to BSE data reported by inc42.com.
What happened
The shares were priced at ₹275.3 each, a 6.6% discount to Shadowfax’s closing price on the preceding Monday. The transaction reduced Qualcomm Asia Pacific’s stake from 2.26% (1.32 cr shares) to a lower level after a prior August sale of 75 Lakh shares worth ₹183.9 cr.
What the report adds
Inc42 notes that the bulk deal follows a series of large off‑loads by private‑equity firm TPG, which has sold more than ₹700 cr of Shadowfax stock across multiple deals in the past three months. Shadowfax’s shares have risen 29.3% in the last three months and over 122.9% in six months, driven by strong financial performance.
What was said
The article does not quote any individual, but attributes the pricing and discount details to BSE data and the transaction description to Qualcomm’s affiliate.
How it came about
Qualcomm Ventures first invested in Shadowfax during the company’s $22 mn Series C round in 2018, alongside Mirae Asset and Eight Roads Ventures. The logistics startup, founded in 2015 by Abhishek Bansal and Vaibhav Khandelwal, listed earlier this year and has since expanded its network to over 16,372 pincodes. In Q1 FY27, Shadowfax reported a consolidated net profit of ₹65.4 cr, an eight‑fold YoY increase, and operating revenue of ₹1,358 cr, prompting a revised FY27 revenue growth outlook of 38‑40%.
Key facts
- Qualcomm Ventures sold 57.1 Lakh Shadowfax shares for ₹157.3 cr (inc42.com)
- The shares were priced at ₹275.3 each, a 6.6% discount to the prior close (inc42.com)
- Qualcomm Asia Pacific’s stake fell from 2.26% after an August sale of 75 Lakh shares (inc42.com)
- Shadowfax Q1 FY27 net profit rose to ₹65.4 cr, an 8‑fold YoY increase (inc42.com)
- Operating revenue grew 65% YoY to ₹1,358 cr in the quarter (inc42.com)
Sources
- [1] inc42.com — originally reported as “Qualcomm Sells Shadowfax Shares Worth ₹157 Cr In Bulk Deal”
