Shiprocket receives SEBI nod for IPO

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).

Market regulator SEBI issued an observation letter to Shiprocket on October 31, 2025, as per the processing status available on its website.

The company pre-filed its Draft Red Herring Prospectus (DRHP) through the confidential route in May 2025.

The New Delhi-based firm is reportedly planning to raise around Rs 2,500 crore through its IPO, including a primary issue of Rs 1,200–1,400 crore and the remainder through an offer for sale (OFS).

Notably, marquee investors Temasek, Zomato, and Info Edge won’t be participating in the OFS, which will be carried out by early investors and the company’s founders, according to media reports.

The company has appointed Axis Capital, Kotak Mahindra, JM Financial, and BofA Securities as its investment bankers for the IPO.

Founded by Saahil Goel, Gautam Kapoor, and Vishesh Khurana, Shiprocket is a logistics and supply chain platform that enables businesses to streamline shipping through courier integration, real-time tracking, and automated solutions.

Shiprocket has raised over $320 million to date and is valued at $1.21 billion. According to the startup data intelligence platform TheKredible, Bertelsmann Nederland B.V. is the largest external stakeholder, followed by Tribe. Zomato, Temasek, LightRock, and PayPal are other notable investors in Shiprocket.

Shiprocket recently reported strong FY25 results, with operating revenue up 24% year-on-year. The company turned EBITDA cash positive at Rs 7 crore, compared to a loss of Rs 128 crore in FY24, while reducing its net loss to Rs 74 crore.