About Company

• q The Company was incorporated as Bigfoot Retail Solutions Private Limited on September 28, 2011, at New Delhi. The name was changed to Shiprocket Private Limited in June 2024. Subsequently, on conversion to a public limited company the name was changed to Shiprocket Limited on January 18, 2025.
• q Shiprocket is an end-to-end, new-age, merchant-first and API-led technology platform designed to enable e-commerce transactions for India's MSMEs and large retailers.
• q Shiprocket platform simplifies logistics, checkout, payments, fulfilment and cross-border trade, enabling merchants to efficiently scale their online and offline businesses. The platform primarily serves merchants that sell directly to consumers through their own websites, applications and social media channels (Direct Commerce).
• q As per the Redseer Report, Shiprocket was the largest new-age end-to-end horizontal e-commerce enablement platform registered in India in terms of revenue from operations in Fiscal 2026.
• q Shiprockets platform served 214,769 Active Merchants in Fiscal 2026 and enabled merchants to serve more than 155 million end consumers across over 19,000 pin codes between October 2016 and March 2026, including 29.38 million new end consumers added in Fiscal 2026.
• q The company operates two businesses, comprising:
• •                      Core Business, through which it offers Domestic Shipping and complementary Shipping Apps to simplify and streamline Domestic Shipping transactions.
• •                      Emerging Business, comprising additional products and offerings that Merchants can use in addition to, or independently of, the Core Business offerings.
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• q The Company's Core Business has remained profitable since Fiscal 2022. Revenue from Operations - Core Business grew at a 17.02% CAGR between Fiscal 2024 and Fiscal 2026.
• q In Fiscal 2026, the platform attracted an average of 2.34 million visitors per month, while per-customer CAC for the Core Business declined to ?2,829.31 from ?3,361.46 in Fiscal 2025 and ?4,101.24 in Fiscal 2024.

Strengths

Competitive Strength 

• Profitable and scalable Core Business with Operating Leverage
• Expanding platform network effects driving merchant growth and service adoption
• Leveraging scale to optimize the business performance
• Self-serve platform offering enterprise-grade experience drawing organic traffic
• Diversified merchant base minimizing revenue concentration risk
• Full transaction accountability enhancing merchant trust and retention
• AI, data and automation-driven platform for operational efficiency
• Modular and open platform enabling rapid expansion
• Experienced leadership team and strong corporate governance

Business Strategies 

• Retain and grow the Merchant base
• Invest in the Emerging Business to unlock growth for Merchants’ businesses and expand TAM
• Strengthen the ecosystem by growing the ecosystem network as well as through inorganic growth
• Continue investing in data and AI and launching intelligent products

Company Promoters

Company Financials

Shiprocket Ltd.'s revenue increased by 24% and profit after tax (PAT) dropped by 6% between the financial year ending with March 31, 2026 and March 31, 2025.

Objects of the Issue

Shiprocket Ltd. Address

416, Phase III, Udyog Vihar,

Sector 20,

Gurugram, Haryana, 122008

• 9711623070
• support@shiprocket.in