The early supporter of Shadowfax, Eight Roads Ventures, which is supported by Fidelity, is anticipated to sell a portion of its holdings in the secondary share sale.
NewQuest Capital Partners, a fund that specializes in purchasing secondary holdings, and the Canada Pension Plan Investment Board (CPPIB)
If the purchase goes through, Bengaluru-based Shadowfax, which is backed by domestic ecommerce powerhouse Flipkart, will likely be valued at $350-$400 million.
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