IPO-Bound Shiprocket FY26 Loss Widened 7%YoY To ₹79 Cr
In the run up to go public, logistics unicorn Shiprocket’s consolidated loss for the fiscal year FY26 increased by around…
Shiprocket, a logistics aggregator for online sellers, reported a widened loss for fiscal year 2026, with a 7% YoY increase to ₹79.2 Cr, according to its red herring prospectus. Operating revenue grew 24% to ₹2,024.1 Cr, while total income amounted to ₹2,077.4 Cr. The startup's EBITDA loss decreased 3% to ₹16.6 Cr. Shiprocket, founded in 2017, has raised about $400 Mn in funding and aims for a valuation of ₹7,000 Cr in its upcoming IPO.
The company has expanded into ecommerce enablement, providing services like cross-border shipping, payments, marketing tools, omnichannel commerce and merchant credit. In FY26, Shiprocket's total expenses surged 23% to ₹2,153.4 Cr, with the cost of merchant solutions leading the increase.
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