Shadowfax Technologies launches channel partner program targeting 1,000 partners

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Jubin VScanX News Team
Key Highlights
  • Shadowfax Technologies launches Channel Partner Program to onboard 1,000 partners over three years
  • Focus is on Tier 1 and Tier 2 cities, with emphasis on manufacturing clusters and assisted onboarding
  • Partners will provide local support, order management, and credit extension for SMEs
  • Initial walk-in stores launching in Chandigarh and Lucknow
  • Follows Q1 FY27 results of ₹1,358 crore revenue, up 65% YoY
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Shadowfax Technologies has launched its Channel Partner Program, aiming to onboard 1,000 partners across Tier 1 and Tier 2 cities over the next three years. The initiative expands its Shadowfax 360 platform into an assisted distribution network.

Expansion strategy for Shadowfax 360

The company's channel partner initiative is designed to accelerate customer acquisition and drive revenue growth. By targeting tier 2 cities alongside key manufacturing areas, Shadowfax Technologies aims to deepen its market reach beyond established urban centres. While metros and Tier 1 cities will also be covered, the program will primarily focus on Tier 2 cities and key manufacturing clusters.

Channel Partners – local entrepreneurs in these markets – will help onboard sellers, place and manage orders on their behalf through the Shadowfax 360 portal, and extend credit to them. This addresses digital and working-capital barriers that can prevent small sellers from shipping to customers across the country. Partners can get started without investing in infrastructure or inventory, while Shadowfax manages pickup and delivery across its network of 16,372 pin codes.

Key highlights of the initiative

The following table summarises the core parameters of the Shadowfax 360 expansion plan:

Parameter Details
Target channel partners 1,000
Timeline Three years
Geographic focus Tier 1 and Tier 2 cities, key manufacturing clusters
Objectives Boost customer acquisition and revenue growth
  • The programme targets 1,000 channel partners within a three-year period.
  • Geographic priorities include Tier 1 and Tier 2 cities, with a primary focus on Tier 2 cities and important manufacturing areas.
  • The initiative is aimed at boosting customer acquisition and revenue growth.

Service portfolio and physical presence

Through one local touchpoint, sellers can access an integrated portfolio offering of express parcel, reverse logistics, bulky shipments through Prime Large and critical logistics via Shadowfax's CritcaLog arm. The Company is rolling out its first Shadowfax-branded walk-in stores – serving businesses and individual customers alike – with Chandigarh and Lucknow among the initial markets, followed by expansion into other Tier 2 cities and manufacturing clusters across India.

Financial context

The launch builds on a strong Q1 FY27, in which the Company delivered 24.7 crore orders and grew revenue 65% year-on-year to ₹1,358 crore. The Company expects the program to be a meaningful driver of customer acquisition across Tier 2 cities, contributing to volume growth and revenue diversification.

Historical Stock Returns for Shadowfax Technologies

1 Day5 Days1 Month6 Months1 Year5 Years
+1.10%+4.15%+5.54%+112.58%0.0%0.0%

How will Shadowfax structure its revenue-sharing or commission models with channel partners to ensure profitability while maintaining competitive pricing for sellers?

What specific training and technology support mechanisms will Shadowfax implement to help local entrepreneurs in Tier 2 cities effectively manage the Shadowfax 360 portal?

How might this expansion into Tier 2 manufacturing clusters impact Shadowfax's logistics density and unit economics compared to its current metro-centric operations?

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Shadowfax publishes 11th AGM notice in Financial Express, Hosadigantha

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Reviewed by
Jubin VScanX News Team
Key Highlights
  • Shadowfax Technologies published its 11th AGM notice in Financial Express and Hosadigantha on August 25, 2026
  • The AGM is scheduled for September 18, 2026, via VC/OAVM to adopt FY26 financials
  • E-voting opens on September 15, 2026, with a cut-off date of September 11, 2026
  • Shareholders will approve revised remuneration for four executive directors effective FY27
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Shadowfax Technologies published a newspaper advertisement regarding its 11th Annual General Meeting (AGM) in Financial Express (English) and Hosadigantha (Kannada) on Tuesday, August 25, 2026. This publication complies with the Companies Act, 2013, and SEBI Listing Regulations.

The company confirmed that the electronic copies of the AGM Notice and Annual Report for FY26 were dispatched to shareholders with registered email addresses on August 24, 2026. Shareholders without registered emails received a letter containing the web link to access these documents.

Key AGM Details

Parameter Details
AGM Date Friday, September 18, 2026
Time 11:00 am IST
Mode VC/OAVM
Deemed Venue 3rd Floor, Shilpitha Tech Park, Bengaluru – 560103
Cut-off Date (e-voting eligibility) Friday, September 11, 2026
E-voting Opens Tuesday, September 15, 2026 at 9:00 am IST
E-voting Closes Thursday, September 17, 2026 at 5:00 pm IST
Registrar & Transfer Agent KFin Technologies Limited

Ordinary Business

Shareholders will consider and adopt the standalone and consolidated audited financial statements for FY26. Mr. Gaurav Jaithlia (DIN: 09478517), Whole-Time Director and Head of Business Strategy, retires by rotation and offers himself for re-appointment.

The meeting will also appoint M/s S.R. Batliboi & Associates LLP as statutory auditors for five consecutive years, succeeding M/s B S R & Co. LLP. The Board approved this appointment on May 14, 2026.

Special Business: Executive Director Remuneration

Four special resolutions seek approval for revised remuneration for executive directors starting FY27. The directors involved are Abhishek Bansal, Vaibhav Khandelwal, Gaurav Jaithlia, and Praharsh Chandra. Remuneration for promoters shall not exceed ₹5 crore or 2.5% of annual net profits, whichever is higher.

E-voting and AGM Participation

KFin Technologies Limited facilitates e-voting via https://evoting.kfintech.com . Members can register as speakers from September 15, 2026, to September 17, 2026. Mr. Pramod S.M. has been appointed as Scrutinizer. Results will be published on the company website and stock exchanges after the AGM.

Historical Stock Returns for Shadowfax Technologies

1 Day5 Days1 Month6 Months1 Year5 Years
+1.10%+4.15%+5.54%+112.58%0.0%0.0%

How might the proposed remuneration cap of ₹5 crore or 2.5% of net profits impact executive retention strategies if Shadowfax's profitability growth slows in FY27?

What are the potential implications for audit continuity and financial reporting standards given the transition from B S R & Co. LLP to S.R. Batliboi & Associates LLP?

Will the re-appointment of Gaurav Jaithlia signal a continuation of current business strategy or indicate upcoming shifts in Shadowfax's operational focus?

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