Ecommerce enablement startup Shiprocket is expected to launch its initial public offering (IPO) within the next one or two weeks at a valuation of ₹7,000 crore, according to inc42.com. The company plans to file updated IPO papers with its latest financials before opening the issue. This valuation is about 30% lower than the nearly ₹10,000 crore valuation it commanded during its last funding round in December 2024.
Shiprocket, founded in 2017 by Gautam Kapoor, Saahil Goel, Vishesh Khurana, and Akshay Ghulati, has raised approximately $400 million in equity funding to date from investors including Koch Group, MUFG Bank, Tribe Capital, Susquehanna International Group, and Huddle Ventures. The startup entered the unicorn club in 2022 after raising $33.5 million in a round led by Lightrock India. The upcoming IPO will include a fresh issue of equity shares worth up to ₹1,100 crore and an offer-for-sale of up to ₹1,242.3 crore, with cofounders and investors offloading shares.
Shiprocket’s IPO follows its December 2025 filing of an updated draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a ₹2,342.3 crore public issue. The company operates in the logistics and ecommerce enablement sector, a space that has seen significant investor interest amid growing online retail demand. The current valuation adjustment reflects market conditions since its last funding round, which raised about ₹214 crore from prominent investors.
The updated IPO filing and valuation suggest Shiprocket is positioning itself to tap public markets amid evolving investor sentiment. The company’s next regulatory milestone is the formal opening of the IPO, expected within the coming two weeks, which will provide clarity on subscription levels and investor response.