Shiprocket, India’s leading logistics and supply chain technology platform, has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO). SEBI issued the observation letter on October 31, marking a crucial step towards the company’s public market debut.
IPO Structure and Key Details
Shiprocket plans to raise approximately ₹2,500 crore, comprising a fresh issue of ₹1,200–1,400 crore and the rest through an offer for sale (OFS). Early investors and founders will participate in the OFS, while major stakeholders such as Temasek, Zomato, and Info Edge have chosen not to sell their shares in the offering.
The company filed its Draft Red Herring Prospectus confidentially in May 2025 and has appointed Axis Capital, Kotak Mahindra Capital, JM Financial, and BofA Securities as lead managers for the IPO.
Company Overview
Founded by Saahil Goel, Gautam Kapoor, and Vishesh Khurana, Shiprocket offers technology-driven logistics solutions, including courier aggregation, real-time shipment tracking, automated shipping tools, and post-purchase experience enhancements. To date, the company has raised over $320 million and holds a valuation of $1.21 billion.
According to TheKredible, Bertelsmann Nederland B.V. is the largest external shareholder, followed by Tribe Capital, with additional investments from Zomato, Temasek, LightRock, and PayPal.
Financial Performance
Shiprocket reported a strong performance in FY25. Operating revenue increased 24% year-on-year, and the company turned EBITDA cash positive at ₹7 crore, compared to a loss of ₹128 crore in FY24. Net losses were also reduced significantly to ₹74 crore, signalling improved operational efficiency.
Final Outlook
With robust financials, strong investor backing, and SEBI clearance, Shiprocket’s IPO marks a significant milestone for India’s logistics-tech ecosystem. The public listing is expected to strengthen its market position and fuel future expansion.
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