Shiprocket IPO Upcoming
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About Shiprocket
Founded in 2016 and headquartered in New Delhi, Shiprocket is a shipping and delivery platform established by Saahil Goel, Vishesh Khurana, Akshay Gulati, and Gautam Kapoor. The company offers last-mile delivery, warehousing, freight, and transportation services, including both domestic and international shipping. It also provides software solutions for communication, financing, and data intelligence to support e-commerce operations.
Shiprocket is reportedly preparing to file its draft red herring prospectus (DRHP) with SEBI through the confidential pre-filing route in the coming days. The proposed IPO aims to raise between ₹2,000 Cr and ₹2,500 Cr, with a fresh issue component of ₹1,000–1,200 Cr and the rest as an offer-for-sale.
The company’s board has approved the public issue plan, and it has appointed Axis Capital, Kotak Mahindra, JM Financial, and Bank of America as lead managers for the process.
Shiprocket’s Valuation
Shiprocket has raised a total of $349 million across 13 funding rounds from 45 institutional investors, including Temasek, PayPal, and Nirvana Ventures Advisors. It also has backing from angel investors such as Ashish Gupta. The company’s most recent funding—a $26 million Series E round in December 2024—was led by KdT Ventures with participation from four other investors. As of now, Shiprocket is valued at approximately ₹10,200 crore. Unlike many logistics startups, Shiprocket has attracted a mix of institutional and strategic investors, including Zomato, which supports its focus on direct-to-consumer (D2C) shipping solutions.
Operations & Performance of Shiprocket
In FY24, Shiprocket reported operating revenue of ₹1,316 crore, marking a 21% year-on-year increase. While the company posted a net loss of ₹595 crore—largely driven by one-time restructuring costs and ESOP-related expenses—it significantly improved operational efficiency, reducing its cash EBITDA burn by nearly 50% to ₹100 crore. The company has turned cash-flow positive in FY25 and reported profitability in the first two quarters of the fiscal year. Emerging business segments such as Shiprocket Cross Border and Shiprocket Checkout saw annual growth rates of 70–100%, jointly contributing about 20% of the company’s overall revenue. Core operations remained profitable, supported by the integration of past acquisitions like Pickrr. Looking forward, Shiprocket plans to scale its cross-border shipping and payment solutions to deepen its support for small and medium-sized businesses.
Future Plans of Shiprocket
The company plans to continue supporting businesses through integrated solutions that cover warehousing, logistics, order management, last-mile delivery, and returns. It supports over $5 billion in annual GMV and offers multi-channel integration across marketplaces and direct-to-consumer (D2C) platforms.
Key areas of focus include improving operational efficiency through AI-driven automation, predictive analytics, and data-led insights. Shiprocket aims to enhance its existing product offerings, expand into new geographic markets, and integrate additional technology to streamline service delivery. The company also plans to scale its support for customer acquisition and inventory management using automated marketing tools and strategic warehousing.
In line with evolving eCommerce trends, Shiprocket is investing in sustainability and hyperlocal fulfilment. Future initiatives include the adoption of eco-friendly packaging, expansion of micro-fulfilment centres, and exploration of drone-based delivery to reduce transit times and environmental impact.