According to a Moneycontrol report, Flipkart has initiated the sale of a portion of its holdings in the logistics firm Shadowfax Technologies, aiming for a value between ₹700 crore and ₹750 crore. This transaction represents the company's second divestment in the startup. The decision aligns with Flipkart's wider strategy to generate liquidity by exiting portfolio investments, a move intended to help the company bypass external fundraising and push back its initial public offering timeline.

by shortkt.com✓

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