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Qualcomm Sells Shadowfax Shares Worth ₹157 Cr In Bulk Deal

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Qualcomm Sells Shadowfax Shares Worth ₹157 Cr In Bulk Deal

Early backer Qualcomm Ventures has sold 57.1 Lakh shares of listed logistics company Shadowfax via an open-market transaction for ₹157.3 Cr.

According to BSE data, the chipmaker, via its affiliate Qualcomm Asia Pacific Pte Limited, sold the shares at ₹275.3 apiece to rake in the amount. This represented a discount of 6.6% against the stock’s last closing price on Monday.

Qualcomm Asia Pacific Pte Ltd owned 2.26% stake, or 1.32 Cr shares, in Shadowfax at the end of June 2026. However, the chipmaker then diluted some of this shareholding and sold 75 Lakh shares worth ₹183.9 Cr in August.

Qualcomm Ventures first invested in Shadowfax during the logistics company’s $22 Mn Series C round in 2018, alongside Mirae Asset and Eight Roads Ventures.

This is the latest bulk deal involving Shadowfax in recent months. Since August, private equity (PE) giant TPG has offloaded Shadowfax shares worth more than ₹700 Cr across multiple bulk deals. 

The bulk deals come as investors look to book profits amid a sharp uptick in Shadowfax’s stock prices. Shares of the logistics company have surged 29.3% in the past three months, and are up more than 122.91% in the last six months.

This jump has come on the back of healthy financial performance by the startup . 4 Cr in Q1 FY27 as against ₹8 Cr in the year ago quarter. Meanwhile, operating revenue zoomed 65% YoY and 10% QoQ to ₹1,358 Cr in the quarter under review.



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