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IPO-bound Shiprocket narrowed its net loss sharply to ₹74 crore in FY25 from ₹595 crore in FY24. The logistics and e-commerce enablement company recorded 24 per cent growth to ₹1,632 crore over ₹1,316 crore. The company said that the losses are largely attributable to ESOP expenses of ₹91 crore. It filed the pre-filed Draft Red Herring Prospectus with SEBI in May. While core business revenue (domestic shipping and value-added tech offerings) grew by over 20 per cent year-on-year (y-o-y) to ₹1,306 crore, emerging businesses grew 41 per cent y-o-y aided by expansion of cross-border, martech, and omnichannel offerings. Also emerging business’ contribution increased to 20 per cent of total revenue from 11 per cent two years ago. In a statement, Tanmay Kumar, Chief Financial Officer, Shiprocket, said: “FY25 marks a pivotal milestone in our financial journey as we achieved a full year of positive EBITDA alongside sustained revenue growth. This reflects the strength of our core platform, which has growing profitability, strong operating leverage, expanding profitability across segments, and disciplined reinvestment in emerging businesses. The focus on contribution margin improvement continues to drive leverage and sets us up strongly for the next phase of scalable, profitable growth.” This company said that during FY25 it was able to transition into a sustainably profitable, product-led organisation and was driven by financial discipline and a strategic repositioning. Saahil Goel, Managing Director & CEO, Shiprocket, said, “Our mission of simplifying commerce is rooted in enabling Bharat’s businesses to thrive in the digital economy. Shiprocket, is a platform that integrates logistics, marketing, payments, fulfilment, and post-purchase solutions, powers the full commerce journey. FY25’s performance gives us the conviction and capacity to continue solving for Bharat, creating lasting impact for businesses that are shaping the next decade of Indian commerce” He said that the company aims to significantly scale its emerging stack, spanning cross-Border, marketing, and omnichannel offerings, while continuing to drive higher operating leverage and expansion of contribution margins across its core business. Published on October 29, 2025
