Logistics unicorn Shiprocket reported a 7% year-on-year increase in consolidated loss to ₹79.2 crore for fiscal year FY26, according to its red herring prospectus. The company’s operating revenue rose 24% to ₹2,024.1 crore, with total income including other sources reaching ₹2,077.4 crore. Shiprocket’s EBITDA loss narrowed slightly to ₹16.6 crore from ₹17.2 crore in FY25, as the startup prepares for its initial public offering.
Founded in 2017 by Gautam Kapoor, Saahil Goel, Vishesh Khurana, and Akshay Ghulati, Shiprocket operates as a logistics aggregator for online sellers. It partners with third-party delivery firms such as Delhivery, FedEx, Aramex, Xpressbees, DTDC, and Shadowfax. The company has expanded its offerings to include ecommerce enablement services like cross-border shipping, payments, marketing tools, omnichannel commerce, and merchant credit. It also launched Shiprocket Quick, an on-demand hyperlocal delivery service within Indian cities.
Shiprocket joined the unicorn club in 2022 after raising $33.5 million in a round led by Lightrock I and has raised about $400 million in equity funding to date. The company’s revenue growth and expanded service portfolio position it as a key player in India’s fast-growing ecommerce logistics sector. Despite the widened losses, the slight improvement in EBITDA loss indicates efforts to improve operational efficiency ahead of its public listing.
The company’s financial disclosures in the red herring prospectus show no tax expenses and a ₹3.3 crore loss in exceptional items for FY26. Shiprocket’s total comprehensive loss, including other comprehensive income and loss, stood at ₹79.3 crore, underscoring the challenges it faces as it scales. The IPO filing marks a critical milestone in Shiprocket’s growth trajectory.