Zomato-backed Shiprocket, specialized in D2C brand shipments, is preparing to submit a draft prospectus to SEBI for its IPO to raise ₹2,000-2,500 crore. Shiprocket’s board has approved the IPO plan and aims to file its papers within two days through SEBI’s confidential route as reported by the Economic Times.
Companies utilize the confidential filing route to delay public disclosures, including financials and IPO-related details. Boat and PhysicsWallah employed this method for their pending prospectuses. Shiprocket aims to secure ₹1,000-1,200 crore through its IPO, with Axis Capital, Kotak Mahindra, JM Financial, and Bank of America as its partners.
Shiprocket’s operating revenue surged by 21% to ₹1,316 crore in FY24, despite a net loss increase from ₹341 crore to ₹595 crore in fiscal year ending March 2024 due to past acquisitions. The company achieved cash-flow positivity in FY25, bolstered by acquisitions like Omuni, RocketBox, and Pickrr in retail software solutions, intracity trucking aggregation, and logistics management, respectively.
Shiprocket, established in 2012, manages shipments for D2C brands and online sellers, expanding to cross-border shipping and fulfillment services. In quick commerce, Shiprocket collaborates with Porter, Borzo, and Shadowfax for hyperlocal logistics for merchants and SMEs. The company partners with Zepto and Swiggy Instamart to aid D2C brands in restocking at dark stores and warehouses.
Sources News From Various Digital Platforms, Websites, Journalists, And Agencies.
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