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Delhi NCR-based logistics aggregator Shiprocket has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO).
According to the latest processing status data on the SEBI website, the regulator issued observations to the company on October 31.
In SEBI’s parlance, issuance of observations is a nod to proceed with the public issue.
Shiprocket filed its pre-IPO papers in May 2025 through the confidential route.
The company is reportedly planning to raise around INR 2,000 Cr to INR 2,500 Cr from the IPO, including a fresh issue of INR 1,000 Cr to INR 1,200 Cr.
The SEBI nod comes days after the company reported a sharp reduction in its FY25 loss. Shiprocket’s consolidated net loss narrowed 88% to INR 74.5 Cr in FY25 from INR 595.2 Cr in FY24, driven by margin gains and revenue growth. Operating revenue grew 24% YoY to INR 1,632 Cr during the year, while it also turned cash EBITDA positive at INR 7 Cr.
Founded in 2017 by Saahil Goel, Vishesh Khurana, Akshay Gulati, and Gautam Kapoor, Shiprocket works with over 17 courier partners, including Delhivery, FedEx, Xpressbees, and DTDC, serving D2C brands and online sellers across India and 200+ international markets.
(The story will be updated soon)
The post Shiprocket Gets SEBI Nod For Its IPO appeared first on Inc42 Media.
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