Shadowfax eyes 30% revenue growth over next two years, expects higher profitability from expansion

Shadowfax Technologies Co-Founder and CEO Abhishek Bansal said the company expects 27–30% growth over the next few years after reporting 69% revenue growth last year, adding that the company expects to continue growing faster than the overall logistics market.

Shadowfax also expects profitability to improve by 100–120 basis points annually over the next few years, supported by earlier investments in assets and real estate.

Bansal said the company is front-loading investments to create operating leverage and expects early double-digit earnings before interest, taxes, depreciation, and amortisation (EBITDA) margins in the long run.

The company’s Prime Large business, focused on heavier shipments, is expected to continue growing in healthy triple digits as Shadowfax expands pin-code coverage and categories.

Also Read | Kalpataru Projects targets 15% FY27 growth, bets on overseas infra opportunities

Its Criticalog business, which handles high-value deliveries such as jewellery and electronics, is expected to grow 25–30% annually as integration under a common brand progresses over the next few years.

Shadowfax said D2C brands and SMEs will remain a major focus area going forward. The company recently launched the Shadowfax 360 platform to help smaller online sellers directly access its delivery network across India.

Bansal said the D2C category grew“almost two and a half times year on year and the company expects the momentum to continue.

For the full interview, watch the accompanying video

The company added that around 75% of its business currently comes from express parcel logistics, while hyperlocal delivery, including quick commerce, contributes nearly one-fifth of revenues.

Shadowfax Technologies operates as a tech-enabled logistics platform focused on last-mile delivery for e-commerce, quick commerce and D2C brands.



The company has a market capitalisation of ₹11,012.94 crore, while its shares have gained more than 74% over the past year.