Shiprocket’s Financials, Revenues & Funding Overview

Shiprocket, founded in 2012 by Saahil Goel and Gautam Kapoor, with leadership from Aravind Sanka, is India’s leading e-commerce enablement platform headquartered in Delhi NCR. The platform empowers over 2.5 lakh retailers by offering end-to-end shipping, fulfillment, and logistics solutions, complemented by marketing and customer engagement tools. Shiprocket’s technology-driven approach integrates multiple courier partners, providing transparent pricing, automated tracking, and analytics to enhance seller experience. Over the years, Shiprocket has expanded its services to include cross-border shipping, warehouse management, and fintech integrations, driving revenue growth and operational efficiencies. The company’s focus on reducing unit economics through technology, strategic partnerships, and acquisitions has led to significant scale, with revenue crossing ₹1,316 Cr in FY24 while progressively narrowing losses. Shiprocket continues to invest in platform innovation, AI-driven logistics optimization, and network expansion to support SMEs and D2C brands in India’s fast-growing direct commerce ecosystem.

Shiprocket’s operating revenue rose from ₹900 Cr in FY22 to ₹1,089 Cr in FY23 (↑21%) and to ₹1,316 Cr in FY24 (↑21%), while net losses narrowed from ₹800 Cr to ₹675 Cr and to ₹595 Cr, reflecting improved cost management and scale benefits .

Expense Efficiency & Margins

Shiprocket’s EBITDA margins improved from around -70% in FY22 to -60% in FY23 and to -52.5% in FY24, driven by operational efficiencies and cost optimizations.

Shiprocket’s workforce grew from ~1,200 in FY22 to ~1,400 in FY23 and ~1,479 in FY24, supporting expansion of logistics, technology, and fulfillment operations. Future hiring focuses on AI-driven logistics, cross-border capabilities, and customer experience enhancements .

• Expand cross-border shipping capabilities and fintech integrations to enhance seller value.
• Leverage AI and automation to optimize route planning, warehouse management, and customer communications.
• Pursue strategic acquisitions to strengthen fulfillment ecosystem and end-to-end logistics offerings.
• Target profitability in FY25 by further reducing cash burn and enhancing operational efficiency.
• Prepare for IPO filing within next 12-18 months, capitalizing on scale and market position.

In FY24, Shiprocket’s operating revenue rose 21% to ₹1,316 Cr from ₹1,089 Cr in FY23, while net loss narrowed to ₹595 Cr despite one-time restructuring costs. In late 2024 and early 2025, Shiprocket raised additional funding tranches, reflecting investor confidence in its growth trajectory. The company expanded its logistics network through strategic acquisitions and enhanced its technology platform with AI-driven route optimization and fulfillment tools, positioning itself for potential profitability in FY25 and beyond.

Shiprocket’s consistent revenue growth and narrowing losses underscore its robust position in India’s e-commerce logistics sector. Continued focus on technology-led efficiencies, strategic funding, and market expansion will be critical for achieving profitability and a successful IPO .

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• Inc42: Shiprocket’s FY24 revenue jumps 21% to INR 1,316 Cr
• Entrackr: Shiprocket’s revenue grows to ₹1,316 Cr in FY24, cuts losses
• Entrackr: Shiprocket cuts cash burn by ~50% in FY24
• Growjo: Shiprocket employee insights
• Economic Times: Shiprocket posts 21% increase in FY24 operating revenue
• Wikipedia: Shiprocket