New Delhi, Nov. 2 -- Third-party logistics firm Shadowfax Technologies filed its updated draft initial public offering (IPO) papers on Saturday, laying out how it will allocate the Rs.2,000 crore it plans to raise. Backed by Walmart-owned e-commerce company Flipkart, Shadowfax first filed its draft papers with the markets regulator through the confidential route in July to gauge investor interest and finetune its IPO plans.

The firm said it will use the IPO proceeds to expand its network infrastructure, finance lease payments of fulfillment and sorting centres, and for branding and marketing costs. It plans to use the remaining money for acquisitions and general corporate purposes.

Shadowfax also highlighted some key risks to the busine...