Qualcomm Ventures has sold its 0.98% stake held in Shadowfax Technologies through an open market transaction worth around Rs 157.28 crore. Qualcomm Ventures, through its affiliate Qualcomm Asia Pacific Pte, has offloaded around 57.13 lakh shares of the company at an average price of Rs 275.30 apiece.
Shadowfax Technologies is in the business of providing platform for logistics services using technology to Business-to-Business customers. It serves a wide category of enterprise clients including horizontal and non-horizontal e-commerce, quick commerce, food marketplace, and on-demand mobility companies.
