Shiprocket IPO: 500 Global Hits 77.6X Return, Two Investors Exit At Loss
Ecommerce enabler Shiprocket’s IPO has produced sharply divergent outcomes for its investors, with returns on the shares sold through the…
Shiprocket's IPO brought mixed results for investors, with returns ranging from 0.6X to jaw-dropping 77.6X times the initial investment. Early backer 500 Global sold its entire stake for ₹16.3 Cr, translating into a massive 77.6X return, while Lightrock saw only a 0.7X return and exited at a loss. Tribe Capital achieved a 7.6X return, while March Capital earned a 2.1X return, both continuing to hold shares.
Moore Strategic Ventures and Agility International Investment both lost money, with their returns standing at 0.7X and 2.6X respectively. Shiprocket's three cofounders also cashed in on the IPO, collectively pocketing ₹142 Cr. The ecommerce platform, founded in 2011, offers a range of services to help small businesses and merchants scale their operations.
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