Shiprocket Eyes IPO Launch In Coming Weeks At ₹7,000 Crore Valuation

Shiprocket, the Gurgaon-based ecommerce enablement platform, is preparing to launch its initial public offering (IPO) in the next one to two weeks, with the company likely to be valued at approximately ₹7,000 crore, according to people familiar with the matter.

The proposed valuation for the Shiprocket IPO is about 30% lower than the ₹10,000 crore valuation it received in its December 2024 private funding round. At that time, the company raised money from Koch Group, MUFG Bank, Tribe Capital, Susquehanna International Group and Huddle Ventures.

Pricing Reflects Market Conditions

Analysts said the lower valuation appears to be a conscious decision by the company. It has adjusted the pricing to match current market conditions. The move has reportedly attracted interest from several large mutual funds and institutional investors for the anchor book.

The company is also expected to submit a revised prospectus containing updated financial figures ahead of the issue launch and may trim the overall size of its public offering from the ₹2,342 crore proposed earlier, which included ₹1,100 crore in fresh issuance, following the Securities and Exchange Board of India’s (SEBI) approval of its confidential filing in November 2025.

Other New Age Firms Delay Listings

Shiprocket's decision to proceed with the IPO comes at a time when several other new-age businesses, including PhonePe, Zepto, Curefoods and Boat, have postponed their listing plans owing to subdued institutional interest in their proposed valuations. Shiprocket did not respond to queries on the matter.

Financial Performance Shows Improvement

For the six months ended September 2025, Shiprocket posted operating revenue of ₹943 crore, up 15% year-on-year, while its net loss narrowed to ₹38 crore from ₹42 crore in the corresponding period a year earlier.

The company has also become more efficient in acquiring merchants, with customer acquisition costs falling to ₹282 during April-September 2025, compared with ₹346 in the previous year.

Shiprocket started out as a shipping aggregator in 2012 but has since evolved into a full-stack ecommerce enablement platform, providing services across shipping, checkout, advertising, international logistics, warehousing and financial solutions. These diversified services now account for almost a quarter of the company’s total revenue.

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