Shiprocket operates an API-led e-commerce enablement platform focused on serving India’s MSME and digital retailers. The platform helps merchants sell directly to consumers through their own websites, mobile apps and social commerce channels by simplifying logistics, checkout, payments, fulfillment and cross-border trade.
The company follows an asset-light model with its technology platform supported by a wide network of ecosystem partners.
According to a RedSear report cited in the filing, Shiprocket was the newest, end-to-end horizontal e-commerce enabled platform in India in terms of revenue from operations in FY25. The Company’s business is organized into two segments: Core Business and Emerging Business.
The core business consists of its local shipping platform and shipping applications, which provide managed, end-to-end shipping solutions in India.
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These offerings include multi-modal shipping options, AI-powered logistics partner allocation, order management tools and data insights aimed at improving the post-order customer experience. Shipping apps also offer features like order tracking and shipment security.
The emerging business segment focuses on creating new revenue streams and market opportunities. These include cargo and fulfillment services, a cross-border platform, advertising and marketing solutions, capital solutions, hyperlocal delivery and other merchant-focused offerings.
These services are designed to help merchants improve sales conversions, expand reach and measure their performance both online and offline.
The company plans to use the net proceeds from the IPO to invest in the development of its platform, including marketing initiatives and technology infrastructure for its core and emerging businesses.
A portion of the proceeds will also be used for repayment or prepayment of certain borrowings, while the remaining amount will be earmarked for inorganic growth through potential acquisitions and general corporate purposes.
Axis Capital, Bofa Securities India, JM Financial and Kotak Mahindra Capital are the book-running lead managers to the company issue.
Shiprocket, subject to regulatory approvals, prior to filing the red herring prospectus will raise Rs. 220 crore may also consider pre-IPO placement of securities. If carried out, the amount raised by such placement will be deducted from the size of the fresh issue.
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