Shiprocket Revenue, Valuation, Funding & Investors

Shiprocket is valued at $1.2B as of December 2024, a 8.5x multiple on its last reported $141M revenue.

Last Shiprocket valuation

$1.2B

Series E · Dec 2024

Last Shiprocket funding round

$26M

Series E · Dec 2024

Shiprocket revenue

$141M

Series E · Dec 2024

Key investors in Shiprocket

  • Bertelsmann India Investments
  • Tribe Capital
  • March Capital
  • Temasek
  • Lightrock
  • Nirvana Venture Advisors

Shiprocket Overview

About Shiprocket

Shiprocket is a New Delhi-headquartered e-commerce logistics platform serving Indian D2C brands. Founded in 2017, it uses machine learning to recommend couriers from a network including Delhivery and Ecom Express, automating label printing, tracking, and returns from a unified dashboard. Shiprocket operates nationwide with international shipping options.


Founded

2017

HQ

IndiaNew Delhi

Status

Privately held

Customer focus

B2B

Revenue model

Commission, Subscription

Revenue

$141M (Dec 2024)

Valuation

$1.2B (Dec 2024)

Shiprocket Valuation

Shiprocket is currently valued at $1.2B, based on its Series E in December 2024.

The $26M round was led by KdT Ventures, with participation from Tribe Capital, Huddle Ventures, Sai Global India and MUFG Bank.

Shiprocket's valuation has grown 1.3x from $938M at its strategic investment round in November 2021 to $1.2B in December 2024, across 4 priced rounds.

Shiprocket valuation by funding round

Revenue multiple
Shiprocket valuation by funding round
DateStageValuationRevenue Multiple
Dec 2024Series E$1.2B8.5x
Oct 2023Series E$26M-
Dec 2021Series E$930M6.2x
Nov 2021Strategic investment$938M-

Shiprocket Revenue

Shiprocket's latest recorded revenue is $141M, as of its Series E in December 2024. At a $1.2B valuation, that implies a 8.5x revenue multiple.

Revenue moved from $150M in December 2021 to $141M in December 2024, while the revenue multiple moved from 6.2x to 8.5x.

Shiprocket revenue by funding round

Shiprocket revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Dec 2024$141M$1.2B8.5xSeries E
Dec 2021$150M$930M6.2xSeries E

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Shiprocket Funding History

Shiprocket has raised a total of $425M across 13 funding rounds.

Shiprocket's first fundraising round was a $300K seed round in July 2013. The most recent completed round was a $26M Series E in December 2024.

Shiprocket funding rounds

Shiprocket funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2024Series EKdT Ventures (lead); Tribe Capital; Huddle Ventures; Sai Global India; MUFG Bank$26M$1.2BShiprocket, a logistics platform enabling e-commerce shipping and fulfillment for merchants, is raising INR 219 Cr ($26M) in a Series E3 round led by KdT Ventures with participation from MUFG Bank, Tribe Capital, SAI Global India, and Huddle Ventures. The board approved issuing 50,461 CCPS at INR 43,394 each on December 17, 2024, with allocations including INR 124.5 Cr from KdT Ventures, INR 49.79 Cr from MUFG Bank, INR 38.09 Cr from SAI Global, INR 6.22 Cr from Tribe Capital, and INR 34.71 Lakh from Huddle Ventures. Post-allotment, the company is estimated at INR 10,195 Cr valuation. Financially, Shiprocket reported revenue of INR 1,316 Cr in FY24 (ended March 2024), up 20.8%-21% YoY from INR 1,089 Cr in FY23, though net losses widened to INR 595 Cr from INR 341 Cr. The funds will support acquisitions, new offerings like the D2C marketplace Zop pilot, and ecommerce export hubs as one of two selected by the Indian government. Shiprocket has raised over $320M-$349M across multiple rounds, backed by 33-38 investors including prior backers like Temasek, Lightrock, Bertelsmann, and PayPal Ventures. It focuses on expanding logistics, AI-driven tools, global shipping, fintech, and profitability amid competition in India's e-commerce logistics sector. Recent acquisitions include Omuni.
Oct 2023Series EMcKinsey & Company (lead); Culture Cap$11M$26MShiprocket is a Delhi-based logistics and supply chain software platform founded in 2017 by Saahil Goel, Gautam Kapoor, and Vishesh Khurana. The company provides fulfillment and shipping solutions that integrate retailers' e-commerce operations with platforms like Shopify and Magento, serving approximately 2.5 lakh merchants across direct-to-consumer brands and SME sellers. In October 2023, Shiprocket completed an extended Series E funding round, raising $11 million from McKinsey & Company through its investment arm AFOS LLC. According to regulatory filings with the Ministry of Corporate Affairs, the company issued 20,913 Series E2 preference shares at Rs 43,394 per share for total capital of Rs 90.7 crore ($11 million). The round valued Shiprocket at a flat $1.23 billion on a post-money basis. McKinsey's stake represented 0.91% ownership, while Bertelsmann held over 25% as the largest shareholder and Zomato held 5%. In fiscal year 2022 (ending March 2022), Shiprocket reported operating revenue of Rs 611.13 crore, representing 70.7% year-over-year growth, though the company reported losses of Rs 93.15 crore compared to profits of Rs 12.47 crore in FY21. The company's operating expenses grew 107% to Rs 727.8 crore, reflecting aggressive investment in expansion and acquisitions. During the prior year, Shiprocket acquired the logistics aggregator Pickrr for $200 million and made four additional strategic acquisitions, including Glaucus (supply chain management), a marketing automation platform, a cargo shipping business, and Arvind Internet's retail enablement business.
Aug 2022Series ELightrock (lead); Temasek (lead); March Capital; Bertelsmann India Investments; Huddle Ventures; Moore Strategic Ventures$33M-Shiprocket is a logistics aggregator and e-commerce enablement platform founded in 2017 by Saahil Goel, Vishesh Khurana, Gautam Kapoor, and Akshay Gulati, providing a SaaS platform that helps online sellers and D2C brands aggregate and select logistics partners from over 17 couriers, serving nearly 2.5 lakh merchants. The company launched cross-border logistics service Shiprocket X and made five acquisitions since its prior round, including Rocketbox, Glaucus, Wigzo, Pickrr (majority stake for about $200 million), and Omuni from Arvind Ltd in a Rs 200 crore deal. In August 2022, Shiprocket raised Rs 259 crore ($32-34 million) in a Series E2 round led by Lightrock India and Temasek Holdings, with participation from Bertelsmann India Investments, Huddle Collective, March Capital Partners, Moore Strategic Ventures, and PayPal Ventures, issuing 59,793 shares. This funding elevated the company's post-money valuation to nearly $1.3 billion, making it India's 20th or 21st unicorn of 2022, up from $900-950 million or $940 million in its prior December 2021 round of $185 million led by Zomato, Temasek, and Lightrock. Post-round stakes included Temasek at 5.75% and Lightrock at 4.79%.
Dec 2021Series ELightrock (lead); Temasek (lead); Zomato (lead); Sanil Sachar; Aman Gupta; March Capital; Sameer Mehta; Brijesh Agrawal; 100Unicorns; Info Edge ventures; Varun Alagh; Moore Strategic Ventures; Peyush Bansal$185M$930MShiprocket is a New Delhi-based e-commerce shipping and logistics enablement platform launched in 2017 that provides shipping solutions and courier integrations to online retailers. The company had become profitable within 24 months of launch and had doubled its annual recurring revenue over the six-month period leading into late 2021, working with 2.5 lakh-plus sellers generating over $2.5 billion in gross merchandise volume annually while delivering packets to more than 70 million consumers annually. In December 2021, Shiprocket closed a $185 million Series E funding round co-led by Zomato, Temasek (Singapore's sovereign wealth fund), and Lightrock India at a post-money valuation of $930 million. The round included investments from Moore Strategic Ventures and 9Unicorns as new investors, along with existing investors InfoEdge Ventures and March Capital, with additional participation from individual investors including Aman Gupta and Sameer Mehta (co-founders of Boat Electronics), Peyush Bansal (CEO of Lenskart), Brijesh Agrawal, Sanil Sachar, Varun Alagh, and Ashish Gupta of Helion Ventures. Zomato led the round with a $75 million investment as part of its commitment to invest $1 billion across Indian startups, while Temasek contributed $50 million and Lightrock $40 million. The company deployed the capital toward core product expansion, research and development, talent acquisition, and development of a comprehensive product suite, with particular focus on hyperlocal delivery services and geographic expansion into the Middle East, including the launch of services in Saudi Arabia in November 2021.
Nov 2021Strategic investmentZomato (lead)$75M$938MShiprocket is a Gurugram-based e-commerce enablement platform offering end-to-end logistics, shipping, cross-border trade, payments, marketing tools, and checkout solutions for D2C brands, MSMEs, and digital retailers, partnering with couriers like Delhivery and FedEx. Founded in 2017, it positions itself as India's largest new-age horizontal e-commerce enablement platform by FY25 operating revenue. In late 2021, it raised significant funding, including a $185M Series E round co-led by Zomato (now Eternal), Temasek, and Lightrock India, with participation from Moore Strategic Ventures, 9unicorns, InfoEdge Ventures, and March Capital, marking its third round that year and bringing total funds raised to $280M by December 2021. The company has pursued inorganic growth via M&A to expand its stack into a one-stop post-purchase solution for D2C e-commerce. Recent financials from its updated DRHP for a Rs 2,342 Cr IPO filed in December 2025 show FY25 operating revenue of INR 1,632 Cr (up 24% YoY from INR 1,316 Cr in FY24), with net losses narrowing 88% to INR 74.5 Cr; H1 FY26 revenue rose 15.4% to INR 942.7 Cr. It joined unicorn status in 2022 with a $33.5M round led by Lightrock, achieving a $1.2B valuation then, and has raised about $400M total to date. Major shareholders include Bertelsmann Nederland (21.32%), Tribe Capital (14.14%), Eternal (6.85%), and Temasek subsidiary (5.29%). Shiprocket's IPO plans include Rs 1,100 Cr fresh issue and Rs 1,242 Cr OFS from founders and investors like Arvind Ltd, Tribe Capital, Bertelsmann, and Lightrock, with proceeds allocated to platform investments (Rs 505 Cr), debt repayment (Rs 210 Cr), inorganic growth, and corporate purposes. It competes with peers like Unicommerce eSolutions in e-commerce SaaS.
Jul 2021Series DBertelsmann India Investments (lead); Info Edge ventures (lead); Deepinder Goyal; March Capital; Tribe Capital; Razorpay; InnoVen Capital; Kunal Shah$41M-Shiprocket is a Gurugram-based logistics platform providing shipping and fulfillment software for Indian D2C brands and SMB e-commerce merchants, processing millions of deliveries monthly across 29,000 pin codes. At the time, Shiprocket served over 100,000 sellers, particularly in the D2C segment representing 15% of India's e-commerce market, projected to grow to 30-35% in coming years, enabling merchants to focus on core business while automating supply chain logistics. The specified July 2021 funding round matches the $41.3 million Series D1 tranche (Rs 305 crore) co-led by PayPal Ventures and Bertelsmann India Investments, with participation from Info Edge Ventures, March Capital, Tribe Capital, Razorpay, InnoVen Capital, Kunal Shah (Cred founder), and Deepinder Goyal (Zomato founder), bringing total funding to around $94 million at that point. This was described as the first step of Series D, following a $27 million Series C in February 2021, with funds aimed at growth strategies including expansion into the Middle East starting with Saudi Arabia. Shiprocket has since raised over $320 million total, achieving operational profitability on a cash basis in early FY25 with reduced EBITDA burn from Rs 191 crore in FY23 to Rs 100 crore in FY24, and $205M revenue estimated in 2024.
Feb 2021Series CTribe Capital (lead); March Capital; Bertelsmann India Investments; Rahul Mehta$27M--
Feb 2021Series ETemasek; Lightrock$1M--
May 2020Series CTribe Capital (lead); Sand Hill Angels; Das & Co.; Bertelsmann India Investments; Republic capital; CCIX Global; Gaingels; InnoVen Capital$13M-Shiprocket is a New Delhi-based logistics aggregator providing end-to-end commerce enablement solutions for direct-to-consumer sellers, including social media influencers, across 26,000 pin codes in India and over 220 countries. It connects merchants, consumers, and supply chain partners with over 17 logistics providers, processing about 2 million shipments monthly and serving more than 35,000 sellers as of May 2020. Clients include Gillette, Mamaearth, The Beer Cafe, Aakash Institute, and Bira. In May 2020, Shiprocket raised $13 million in its Series C funding round led by Tribe Capital, with participation from InnoVen Capital and Bertelsmann India Investments. This brought total funding to $26 million. The funds supported product development, data science and engineering hires, technological infrastructure, and international expansion. Arjun Sethi from Tribe Capital joined the board. At the time, Shiprocket reported profitability for the financial year ended March 31, 2019, with an annualized revenue run rate of $25 million to $30 million.
Jan 2018Series BBertelsmann India Investments (lead); BEENEXT; Nirvana Venture Advisors$4M-Shiprocket raised $4.1 million in its Series B funding round in January 2018, led by Bertelsmann India Investments with participation from BEENEXT and Nirvana Venture Advisors. The capital was intended to expand market reach and enhance technological capabilities. Shiprocket operates as an e-commerce shipping platform, empowering merchants with logistics solutions. The company provides SaaS-based services for e-commerce logistics, processing shipments for retailers across India. Subsequent rounds included a Series C in 2021 raising $27 million, bringing total funding to $53 million at that time, with the company reporting profitability in FY 2018-19 and an annualized revenue run rate of $50-60 million then.
Jan 2016Series BBertelsmann India Investments (lead); BEENEXT; Nirvana Venture Advisors; Recruit Strategic Partners; 500 Global$8M--
Oct 2014Series ANirvana Venture Advisors (lead)$1M--
Jul 2013Seed5ideas.in (lead); Endurance Capital; 500 Global$300K--

Who has invested in Shiprocket?

37 investors have backed Shiprocket across its funding rounds, including Bertelsmann India Investments, Tribe Capital, March Capital, Temasek, Lightrock and Nirvana Venture Advisors.

Lead investors include KdT Ventures, McKinsey & Company, Lightrock, Temasek, Zomato and 5 other investors.


Shiprocket Investors

Investors in Shiprocket by funding rounds participated
InvestorHQRoundsRoleFirst check
Bertelsmann India InvestmentsNetherlandsAbcoude6LeadJan 2016
March CapitalUnited StatesLos Angeles, CA4ParticipantFeb 2021
Tribe CapitalUnited StatesSan Francisco, CA4LeadMay 2020
TemasekSingaporeSingapore3LeadFeb 2021
LightrockUnited KingdomLondon3LeadFeb 2021
Nirvana Venture AdvisorsIndiaMumbai3LeadOct 2014
ZomatoIndiaGurgaon2LeadNov 2021
BEENEXTSingaporeSingapore2ParticipantJan 2016
Info Edge venturesIndiaNoida2LeadJul 2021
Huddle VenturesIndiaGurgaon2ParticipantAug 2022
Moore Strategic VenturesUnited StatesNew York City, NY2ParticipantDec 2021
500 GlobalUnited StatesSan Francisco, CA2ParticipantJul 2013
InnoVen CapitalIndiaMumbai2ParticipantMay 2020

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Shiprocket

Shiprocket has acquired 5 companies to date.

Last acquisition by Shiprocket was on July 19th 2022. Shiprocket acquired Omuni (Arvind Internet) for $25M.


Latest Acquisitions by Shiprocket

Omuni (Arvind Internet)
Pickrr Technologies
Glaucus Supply Chain Solutions
Rocketbox
Description
Omuni is a Bengaluru-headquartered omnichannel commerce platform founded in 2013 integrating point-of-sale systems for 5,000 stores with e-commerce sites, WhatsApp commerce, and marketplaces like Amazon India. Its headless architecture unifies inventory, orders, and customer data across Shopify, Magento, and custom frontends, powering brands such as Arvind Fashions and Aditya Birla Fashion.
Delhi-headquartered Pickrr Technologies delivers first-mile logistics solutions for e-commerce in India, handling product pickups, packing, and initial shipping to global destinations. Founded in 2016, the service streamlines seller operations through on-demand couriers, enabling seamless connections between merchants and international carriers for efficient order fulfillment.
Glaucus Supply Chain Solutions is a U.S.-based provider of warehouse design and automation technologies for retail and wholesale distributors. Engineering layouts with vertical lift modules and AS/RS systems from Vanderlande and Dematic, Glaucus optimizes throughput up to 1,000 lines per hour. Deploying WMS software integrated with Manhattan Associates, the firm serves grocery chains and e-commerce fulfillment centers.
Rocketbox is an India-based aggregator for LTL, express, and air shipping, covering 28,000 pin codes nationwide. Launched in 2015, the platform uses AI for carrier comparisons, matching shipments to optimal partners based on cost and speed. It offers FTL solutions and serves e-commerce firms, saving businesses up to 30% on logistics while handling millions of consignments annually.
HQ CountryIndiaIndiaIndiaIndia
HQ City
Bangalore
New Delhi
New Delhi
Mumbai
Deal Date19 Jul 202215 Jun 202214 Feb 202214 Jan 2022
Valuation$25M$250Mundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Investments by Shiprocket

Shiprocket has invested in 5 companies to date.

Latest investment by Shiprocket was on October 18th 2022. Shiprocket invested in ShoprTV in their $2M Seed round.


Latest Investments by Shiprocket

ShoprTV
Perfora
Rehook.ai
Woovly Shop Socially
Description
ShoprTV is a live-streaming platform modeled after Twitch for e-commerce, enabling creators, brands, and influencers to broadcast products and conduct real-time sales. Participants build audiences via interactive streams featuring demonstrations, Q&A sessions, and direct purchases. Toronto-based and launched in 2021, it merges live commerce with social features, supporting categories from fashion to electronics for global sellers targeting engaged online viewers.
Perfora is an Indian oral care brand producing electric toothbrushes, probiotic mouthwashes, smart flossers, and peroxide-free whitening pens. Backed by clinical studies, its products target plaque reduction and gum health for consumers in Asia and expanding markets.
Rehook.ai is a no-code platform that equips businesses with tools to launch reward campaigns for user acquisition and retention on websites and mobile apps. It supports incentives including PayPal cash rewards, vouchers from brands like Grab and Shopee, and cryptocurrency payouts without requiring developer involvement. The Singapore-headquartered company caters to e-commerce platforms, fintech firms, and gaming developers across Asia and beyond, enabling scalable promotions through customizable templates and analytics dashboards.
Woovly is a Bengaluru-headquartered social commerce platform targeting Tier 2 and 3 cities in India with short-video product discovery driven by micro-influencers. Users shop lifestyle goods like fashion and beauty via 15-second clips, with creators earning cash commissions on sales. Launched in 2020, Woovly partners with 50,000 influencers and processes thousands of daily transactions through UPI payments.
HQ CountryIndiaIndiaIndiaIndia
HQ City
Bangalore
Gurgaon
Bangalore
Bangalore
Deal Date18 Oct 202222 Jun 20221 Apr 20225 Mar 2022
RoundSeedSeedPre-seedSeries A
Raised$2M$900K$2M$5M
InvestorsY Combinator; Venky Karnam; BEENEXT; Goodwater Capital; Lalit Keshre; Locus Ventures; Kunal ShahAshutosh Valani; Sauce.vc; Mohit Sadaani; Sara Group; Trisha Vaidya; Saurabh Pandey; Lotus HerbalsY Combinator; BEENEXTDuane Park
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Shiprocket Competitors

Shiprocket competitors include listed companies like Wuxi Boton Technology and GuoChuang Software, and private ones like Motive, RoadRunner Recycling, Flock Freight and Loadsmart.

Public and private companies comparable to Shiprocket
CompanyHQStatusRevenueEBITDAValuation
MotiveUnited StatesSan Francisco, CAPrivate$600M-$1.2B
RoadRunner RecyclingUnited StatesPittsburgh, PAPrivate--$1.1B
Flock FreightUnited StatesUnited StatesPrivate--$1.3B
LoadsmartUnited StatesChicago, ILPrivate--$1.3B
Wuxi Boton TechnologyChinaChinaPublicly listed$516M$55M$1.3B
GuoChuang SoftwareChinaChinaPublicly listed$220M($17M)$960M

Shiprocket Public Comps

Shiprocket is still privately-owned, but its public comps include Blackbuck, Wuxi Boton Technology, Keytop Parking, GuoChuang Software, Beijing eGova, Jiangsu Tongxingbao, JSTI, e-Hualu, Guotai Epoint Sofware and SureKAM Corporation.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Blackbuck$67M$16M16.5x14.5x68.3x53.2x
Wuxi Boton Technology$516M$55M2.4x-22.6x-
Keytop Parking$124M$29M7.5x-32.3x-
GuoChuang Software$220M($17M)4.8x-(60.4x)-
Beijing eGova$90M($52M)8.4x-(14.5x)-
Jiangsu Tongxingbao$159M$47M2.7x-9.2x-
JSTI$622M$30M1.6x1.7x32.7x13.8x
e-Hualu$69M($310M)24.1x-(5.4x)-

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Common questions about Shiprocket

When was Shiprocket founded?Shiprocket was founded in 2017.
Where is Shiprocket headquartered?Shiprocket is headquartered in New Delhi, India.
Is Shiprocket publicly listed?No, Shiprocket is a private, VC-backed company.
What is Shiprocket's valuation?Shiprocket was last valued at $1.2B in its Series E in December 2024.
How much funding has Shiprocket raised?Shiprocket has raised $425M across 13 funding rounds.
What was Shiprocket's last funding round?Shiprocket's last funding round was a $26M Series E in December 2024, led by KdT Ventures.
Who are Shiprocket's investors?Shiprocket's investors include Bertelsmann India Investments, March Capital, Tribe Capital, Temasek, Lightrock, Nirvana Venture Advisors, Zomato, BEENEXT, Info Edge ventures, Huddle Ventures and 27 others.
What is Shiprocket's revenue?Shiprocket's latest recorded revenue is $141M (December 2024).
What is Shiprocket's revenue multiple?Shiprocket's latest valuation implies a 8.5x revenue multiple ($1.2B valuation on $141M of revenue).
Which companies are comparable to Shiprocket?Companies comparable to Shiprocket include Motive, RoadRunner Recycling, Flock Freight, Loadsmart, Wuxi Boton Technology and GuoChuang Software.
How many companies has Shiprocket acquired?Shiprocket has acquired 5 companies, including Omuni (Arvind Internet), Pickrr Technologies, Glaucus Supply Chain Solutions, Rocketbox and Wigzo Technologies.
What was the largest acquisition by Shiprocket?The $250M acquisition of Pickrr Technologies in June 2022 is the largest acquisition Shiprocket has made to date.
How many companies has Shiprocket invested in?Shiprocket has invested in 5 companies, including ShoprTV, Perfora, Rehook.ai, Woovly Shop Socially and Logibricks Technologies.
What was Shiprocket's last investment?In October 2022, Shiprocket invested in ShoprTV's $2M seed round alongside Y Combinator, Venky Karnam, BEENEXT and 4 other investors.

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