Archive · 19 May 2025
Shiprocket to File for IPO Targeting Rs 2,000-2,500 Crore
Shiprocket, a company that helps online sellers ship products, is planning to have an IPO, which means selling shares to the public to raise money.
They're aiming to raise between 2,000 and 2,500 crore rupees.
Shiprocket helps businesses ship their products and has grown significantly, especially in smaller cities.
They are also expanding into areas like cross-border shipping and quick commerce.
They have investors like Temasek, Bertelsmann India Investments, and PayPal.
The company's net loss increased in the last financial year.
Shiprocket also raised $26 million from investors in December.
Shiprocket plans to file confidentially for an IPO, aiming to raise Rs 2,000-2,500 crore.
The company's operating revenue grew 21% in FY24 to Rs 1,316 crore.
Shiprocket's net loss widened to Rs 595 crore for the fiscal year ended March 2024.
The company is focusing on payments, cross-border shipping, and quick commerce growth.
Shiprocket recently raised $26 million in December at a $1.2 billion valuation.
- Who
- Shiprocket, an e-commerce logistics company, is initiating the IPO.
- What
- Shiprocket is planning an IPO to raise between Rs 2,000-2,500 crore.
- When
- The filing is expected to be submitted shortly.
- Where
- N/A
- Why
- To raise capital for expansion and growth.
- Company
- Shiprocket
- IPO Size Target
- Rs 2,000-2,500 crore
- Filing Route
- Confidential
- FY24 Revenue Growth
- 21%
- FY24 Net Loss
- Rs 595 crore
- Recent Funding
- $26 million (December)
- Valuation
- $1.2 billion