India, Nov. 8 -- Shadowfax is the latest startup to make a beeline for the exchanges. The Flipkart-backed logistics giant filed its updated draft red herring prospectus (DRHP) with SEBI last week for INR 2,000 Cr public issue, split evenly between a fresh issue and an offer-for-sale (OFS) component.

The OFS component will see early backers like Flipkart, Eight Roads Ventures, TGP and Nokia Growth Partners offload their stakes in the logistics unicorn.

Among the selling shareholders, Flipkart will offload shares worth up to INR 237 Cr. While Eight Roads Ventures will sell shares worth up to INR 197 Cr, TPG Inc will offload shares worth up to INR 150 Cr through its NewQuest Asia Fund IV.

Nokia Growth Partners plans to sell shares worth u...