Shadowfax IPO: Founders, Flipkart, Early Backers Set for Massive Returns

• Logistics startup Shadowfax Technologies Ltd is preparing for its Initial Public Offering (IPO) with a price band of Rs 118-124 per share, valuing it at Rs 7169 crore.
• Promoters Abhishek Bansal and Vaibhav Khandelwal, holding over 19% stake, are set to achieve returns exceeding 1700% each.
• Abhishek Bansal's stake value surged from Rs 37 crore to over Rs 674 crore, while Vaibhav Khandelwal's increased from Rs 28 crore to over Rs 524 crore.
• Walmart-owned Flipkart Internet's investment value rose sharply from Rs 328 crore to over Rs 929 crore.
• Early investors like Kunal Bahl and Rohit Bansal (Snapdeal co-founders) are looking at gains of over 158 times on their initial Rs 70 lakh investment, now valued at Rs 110 crore.

Why It Matters: Shadowfax IPO promises substantial returns for founders, Flipkart, and early investors due to significant valuation surge.