TPG

TPG is an investor with holdings in Indian consumer and logistics companies. These include Shadowfax, a logistics provider serving ecommerce, quick commerce and D2C brands, and FirstCry, the kids retailer run by Brainbees. [1] source: Inc42[2] source: Inc42 Its Shadowfax sales have gone through NewQuest Asia Fund IV. [1] source: Inc42

In September 2026, Inc42 reported that TPG sold 80 lakh Shadowfax shares at ₹250.03 each for about ₹200 crore, after selling nearly ₹300 crore of shares the previous month. [3] source: Inc42 On 30 September 2026 it sold 40 lakh Shadowfax shares for ₹113.6 Cr at ₹284.03 per share. [1] source: Inc42 In October 2026 it sold another 40 lakh shares at ₹287 each in a ₹114.8 Cr bulk deal. [4] source: Inc42 In September 2026 TPG also exited FirstCry, selling its full 2.21% stake, or 1.2 crore shares, at ₹175.15 each for ₹202 crore. [2] source: Inc42[5] source: Mint Goldman Sachs Investments Mauritius bought 68 lakh shares in the same deal window for ₹119 crore. [2] source: Inc42

In October 2026, TPG was named among the bidders for Advent International's 96.63% stake in DFM Foods, the owner of Crax snacks, at a likely valuation of ₹5,000-5,500 crore. ITC and ChrysCapital are in the race, and EQT Partners, Emami and Balaji Wafers have joined it. Non-binding bids are expected by end of October. [6] source: ET Small Business