SEBI Approves Shiprocket ₹2,500 Crore IPO for Expansion

Shiprocket, an Indian logistics and e-commerce enablement platform backed by investors such as Zomato and Temasek, has received SEBI approval for an initial public offering (IPO) valued around ₹2,400-2,500 crore. The IPO will be a balanced offering with roughly half the proceeds coming from a fresh capital raise aimed at expanding emerging business verticals like cross-border shipping and fulfillment, while the remainder will come from an offer-for-sale by early investors and founders, as major backers are not diluting their stakes. Shiprocket has demonstrated strong financial growth, including a 21-24% year-over-year revenue increase and a significant reduction in net losses, with improved profitability metrics such as positive adjusted EBITDA. The company supports over 250,000 sellers and delivers to more than 70 million consumers across India and internationally, reflecting its growth in the booming D2C and e-commerce logistics sector. Strategic acquisitions and increased stakes in supply chain firms have bolstered Shiprocket's technological and operational capacity, positioning it well for future growth amid a competitive and capital-intensive market. The IPO marks a major milestone for Shiprocket as it aims to solidify its leadership in India’s rapidly evolving e-commerce infrastructure landscape.