Overview

• Shiprocket has confidentially submitted its draft red herring prospectus (DRHP) to SEBI for its proposed IPO, targeting ₹2,000–2,500 crore.
• The company has appointed Axis Capital, Kotak Mahindra Capital, JM Financial, and Bank of America as lead managers for the offering.
• Proceeds are expected to support product development, strategic acquisitions, logistics and warehousing expansion, and technology enhancements.
• The platform, backed by Temasek and Zomato, has evolved from a shipping aggregator to a comprehensive e-commerce enabler for D2C brands and MSMEs.
• Shiprocket reduced its cash EBITDA burn by 50% in FY24 and achieved profitability in the first two quarters of FY25, signaling financial stability ahead of its public listing.