Shadowfax Slashes Losses by 92% Ahead of IPO

Shadowfax, a logistics startup, has dramatically reduced its losses by 92% in FY24, bringing them down to INR 12 crore. This improvement comes as the company gears up for its IPO. The significant reduction in losses is attributed to better operational efficiency and cost management. Shadowfax’s revenue also saw a healthy increase, reflecting its growing market presence. As the company prepares to go public, these financial improvements are likely to boost investor confidence and position Shadowfax as a strong contender in the logistics sector.