New Delhi-based logistics and supply chain platform Shiprocket has received approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO).
According to SEBI’s website, the market regulator issued an observation letter to the company on October 31, 2025, marking the completion of the review process. Shiprocket had confidentially pre-filed its Draft Red Herring Prospectus (DRHP) in May 2025.
The company plans to raise around ₹2,500 crore through the public issue. This will include a fresh issue of ₹1,200–1,400 crore, with the balance to be raised via an offer for sale (OFS) by early investors and company founders. Notably, Temasek, Zomato, and Info Edge — some of Shiprocket’s marquee backers — will not participate in the OFS, according to media reports.
Axis Capital, Kotak Mahindra Capital, JM Financial, and BofA Securities have been appointed as the book-running lead managers for the IPO.
Founded by Saahil Goel, Gautam Kapoor, and Vishesh Khurana, Shiprocket provides technology-driven logistics and supply chain solutions that help businesses streamline shipping through courier integration, real-time tracking, and automation.
The company has raised over $320 million to date and holds a valuation of $1.21 billion. As per startup data intelligence platform TheKredible, Bertelsmann Nederland B.V. is Shiprocket’s largest external shareholder, followed by Tribe. Other major investors include Zomato, Temasek, LightRock, and PayPal.
Financially, Shiprocket reported a 24% year-on-year growth in operating revenue for FY25, achieving EBITDA cash positivity of ₹7 crore — a turnaround from a ₹128 crore loss in FY24. The company also narrowed its net loss to ₹74 crore, reflecting stronger operational performance ahead of its market debut.