October 30, 2025

IPO-bound ecommerce helper Shiprocket is flying high! For the year ending March 2025, its revenues jumped 24% to a stunning Rs 1,632 crore, up from Rs 1,316 crore in the previous year. What’s even more thrilling? The company has slashed its net loss dramatically to just Rs 74 crore from a huge Rs 595 crore! How did this magic happen? Revenue growth and lower exceptional expenses played starring roles. Most losses were linked to ESOP expenses of Rs 91 crore, explained CFO Tanmay Kumar in an exclusive chat with ET. "Last year, we were in the process of assimilating and integrating all the businesses we had acquired, and we incurred various integration costs," Kumar shared. Shiprocket’s main business, covering domestic shipping and smart tech services, grew more than 20% to Rs 1,306 crore. Meanwhile, their exciting future-focused segment zoomed ahead 41%, thanks to cross-border, marketing tech, and omnichannel offerings. "We’ve transitioned to cash EBITDA and adjusted EBITDA profitability, and are now focussed on driving sustainable growth," said Kumar. He emphasized that the steady core business remains profitable with strong margins and a stable team. "Our core business is generating strong profits and continues to grow. We’re using those profits to drive and accelerate the growth of our emerging stack," he added confidently. The cooler part? Emerging businesses now make up 20% of total revenue, nearly double from 11% two years ago! Founded in 2012, Shiprocket serves direct-to-consumer brands and online sellers - big chunks of their earnings. The company is zooming into new growth engines like payments, cross-border shipping, and quick commerce. The IPO excitement builds as Shiprocket filed its draft red herring prospectus with SEBI confidentially in May, waiting for the green signal. According to reports, the company eyes an IPO worth Rs 2,000-2,500 crore, with about Rs 1,000-1,100 crore fresh capital. "The business currently has a reasonably healthy cash balance. So, we’re approaching this (IPO) from a growth perspective rather than out of a need for cash," Kumar said. The company’s cash EBITDA flipped positive at Rs 7 crore in FY25, after a Rs 128 crore loss last year! Shiprocket became a unicorn in 2022 after raising $32 million at a $1.3 billion valuation in a round led by Temasek and Lightrock. With these roaring numbers and a sparkling vision, Shiprocket is set to jet-set higher in India’s booming ecommerce race!

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Tags: Shiprocket, Ipo, Ecommerce logistics, Financial results, Fy25, India,