India’s SEBI has approved Shiprocket’s initial public offering, allowing the logistics tech firm to raise around Rs 2,500 crore. Backed by investors like Zomato and Temasek, the IPO will include fresh capital and partial stake sales by early investors, marking a significant milestone for the e-commerce logistics sector.
Shiprocket, a leading logistics and supply chain platform supporting direct-to-consumer (D2C) brands, has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its IPO, according to sources close to the matter. The company had confidentially filed its draft papers in May 2025 and is now set to update its draft prospectus soon.
The proposed IPO size stands at approximately Rs 2,500 crore, comprising a fresh capital raise of Rs 1,000 to Rs 1,200 crore and an offer-for-sale by existing shareholders, including partial stake sales from founders and early investors. Notable backers such as Zomato and Temasek are not participating in the stake sale.
For FY25, Shiprocket reported substantial improvement, narrowing its net loss by 88% to Rs 74.5 crore, driven by revenue growth and margin gains. The platform, founded in 2017, partners with over 17 courier services and serves both Indian and international markets. The fresh funds are expected to be deployed towards product development, acquisitions, and expansion of warehousing infrastructure.
Key Highlights:
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SEBI approval received for Rs 2,500 crore IPO
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Fresh capital raise of Rs 1,000-1,200 crore planned
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Partial stake sale by founders and early investors; major backers not selling
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FY25 net loss narrowed by 88% to Rs 74.5 crore
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Revenue growth of 24% YoY in FY25 to Rs 1,632 crore
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Focus on product development, acquisitions, and logistics expansion
Sources: The Economic Times, Inc42, Times of India, Business Standard, Entrackr, Moneycontrol