Shiprocket has received approval from the Securities and Exchange Board of India (SEBI) for its upcoming initial public offering (IPO). The regulator issued its observation letter on October 31, 2025, clearing the way for the company to move ahead with the listing process. Shiprocket had confidentially filed its draft papers in May this year.
The logistics and fulfillment platform plans to raise around Rs 2,500 crore through the IPO, which will include a fresh issue of Rs 1,200–1,400 crore and an offer for sale by existing shareholders.
The funds will be used for business expansion, technology development, and acquisitions aimed at strengthening its logistics infrastructure and global partnerships.
Founded in 2012 by Saahil Goel, Gautam Kapoor, Vishesh Khurana, and Akshay Ghulati, Shiprocket provides automated shipping, courier aggregation, real-time tracking, and fulfillment services for D2C brands, e-commerce sellers, and SMEs across India.
Shiprocket’s investors include Temasek, Zomato, Info Edge, Bertelsmann Nederland B.V., Tribe, LightRock, and PayPal. The company has raised over $320 million so far and is valued at $1.21 billion. Key investors such as Temasek, Zomato, and Info Edge are expected to retain their stakes and will not take part in the offer for sale.
For FY25, Shiprocket reported a 24% year-on-year rise in operating revenue and turned EBITDA cash positive at Rs 7 crore, compared to a loss of Rs 128 crore in the previous year. The company also reduced its net loss to Rs 74 crore.
Axis Capital, Kotak Mahindra, JM Financial, and BofA Securities have been appointed as lead managers for the IPO. The listing marks an important step in Shiprocket’s growth as it continues to build on its position within India’s evolving logistics ecosystem.
