Bengaluru-based logistics startup , backed by , has moved a step closer to its stock market debut by filing an with the on . The company aims to raise through its .

According to the filing, will be raised through the , while another worth of shares will be sold by existing investors through an .

Among the investors looking to sell part of their holdings are , , , , , , , and .

In its public notice released on , Shadowfax, co-founded by and , stated that the will remain open for public comments for at least from the filing date with SEBI and the stock exchanges.

The company added that it will later file , incorporating feedback from the public and any observations made by SEBI.

The proposed IPO is expected to help Shadowfax expand its logistics network, improve technology infrastructur

See Full Page