What does Shiprocket do?

Shiprocket is India's leading D2C logistics platform that allows SME merchants and e-commerce sellers to ship orders through 17+ courier partners via a single dashboard. It also offers fulfillment centers, embedded financing (Shiprocket Capital), and WhatsApp-based commerce tools (Shiprocket Engage).

Who are the founders and promoters of Shiprocket?

Shiprocket was co-founded by Saahil Goel (CEO), Vishesh Khurana, and Gautam Kapoor. The company is investor-backed with institutional shareholders including Temasek, Bertelsmann India Investments, March Capital, and PayU.

Is Shiprocket profitable?

Shiprocket has reported growing revenues (~₹1,070 Cr in FY24) but has not yet achieved profitability. The company continues to invest in fulfillment infrastructure and technology, resulting in ongoing net losses.

What is Shiprocket's valuation?

Shiprocket has been valued at approximately $750 million (~₹6,200 Cr) in its later funding rounds, making it one of India's most valuable logistics-tech startups. The current unlisted share price of ₹100 implies a lower secondary market valuation.

Is Shiprocket planning an IPO?

Shiprocket has been reported as a potential IPO candidate in the Indian logistics-tech space, but as of early 2026, no formal DRHP has been filed with SEBI. The company has been focused on improving unit economics before pursuing a public listing.

How do I buy Shiprocket Limited unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Shiprocket Limited?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Shiprocket Limited shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Shiprocket Limited Unlisted Share Price | Buy Shiprocket Limited Pre-IPO Shares — wisefolio

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

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Shiprocket Limited Unlisted Share Price | Buy Shiprocket Limited Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Shiprocket is India's dominant D2C logistics aggregator with strong revenue momentum (~₹1,070 Cr FY24) and a diversified product suite. While profitability remains elusive, its scale, brand recognition among SME merchants, and expansion into fintech and fulfillment make it a compelling pre-IPO play in India's logistics-tech ecosystem.

Pros

India's largest D2C shipping aggregator with 1 lakh+ active merchants and integrations with 17+ courier partners including Delhivery, BlueDart, FedEx, and Ecom Express
Strong revenue scale — reported revenues of approximately ₹1,070 Cr in FY24, up from ₹807 Cr in FY23, reflecting continued merchant acquisition and volume growth
Backed by marquee investors including Temasek, Bertelsmann, March Capital, and PayU at a valuation exceeding ₹4,000 Cr
Diversified product suite including Shiprocket Fulfillment (warehousing), Shiprocket Capital (embedded lending), and Shiprocket Engage (WhatsApp commerce)

Cons

Continued net losses despite scale — company has not yet achieved profitability as it invests in technology, fulfillment infrastructure, and merchant acquisition
Operates in a highly competitive logistics tech space with rivals like Pickrr (acquired by Shiprocket), ShipDelight, Vamaship, and direct courier integrations by large D2C brands
Gross margin pressure from the aggregator model where courier pricing is volume-linked and merchant churn is a risk in a competitive SME market

Business Segments

Shipping Aggregation

Core platform connecting merchants with 17+ courier partners for order fulfillment; revenue from per-shipment fees

Shiprocket Fulfillment

Warehousing and last-mile fulfillment services for D2C brands

Shiprocket Capital

Embedded working capital and revenue-based financing for merchants on the platform

Shiprocket Engage

WhatsApp commerce and CRM tooling for merchants

Revenue Model

Shiprocket earns per-shipment revenue as a spread between courier partner rates and merchant pricing. Additional revenue streams include fulfillment center fees, interest income from embedded lending (Shiprocket Capital), and SaaS subscription fees for Engage.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds8

Growth Plans

India's D2C market expected to reach $60 billion by 2027, expanding the addressable merchant base

Shiprocket Capital's embedded lending can significantly boost revenue per merchant

Potential IPO could provide exit liquidity for investors and capital for expansion

Industry Tailwinds

India's D2C market expected to reach $60 billion by 2027, expanding the addressable merchant base

Recent Developments

Acquisition of Pickrr

Shiprocket acquired Pickrr, a rival logistics-tech platform, consolidating India's D2C shipping aggregation market and expanding its merchant network.

2023-01

Revenue crossed ₹1,000 Cr

Shiprocket reported revenues of approximately ₹1,070 Cr in FY24, up from ₹807 Cr in FY23, driven by higher shipment volumes and expansion of value-added services.

2024-01

Comparable Companies

CompanyTypeTickerMkt Cap

DelhiveryListedDELHIVERY15000 Cr

Blue Dart ExpressPE: 50xxListedBLUEDART14000 Cr

Ecom ExpressUnlisted——

DelhiveryListed

DELHIVERY · 15000 Cr

Frequently Asked Questions

About Shiprocket Limited

Shiprocket is India's leading D2C (direct-to-consumer) logistics and shipping aggregator platform, enabling over 1 lakh SME merchants and e-commerce sellers to access 17+ courier partners through a single tech-enabled platform. The company reported revenue of approximately Rs. 1,316 Cr in FY2024 with a net loss of approximately Rs. 595 Cr reflecting heavy investment in technology, warehousing, and market expansion. Shiprocket has raised over $350 million from marquee investors and achieved unicorn status. The company serves merchants shipping to 190+ countries.

Key Milestones

Founded in 2012 in New Delhi by Saahil Goel, Vishesh Khurana, and Gautam Kapoor

Pivoted to a shipping aggregator model around 2017 to serve D2C and e-commerce SMEs

Raised Series D funding from Temasek and Bertelsmann India in 2021, valuing company at ~$270 million

Common questions about unlisted shares

How do I buy Shiprocket Limited unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

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