Shiprocket's FY26 Loss Widened 7% Ahead of IPO
Logistics unicorn Shiprocket reported a 7% year-over-year increase in its FY26 consolidated loss, reaching ₹79.2 crore, as it prepares for its initial public offering.
Logistics firm Shiprocket saw its consolidated loss widen by 7% to ₹79.2 crore in the fiscal year 2026, up from ₹74.4 crore in the previous year, according to its Red Herring Prospectus. The company is currently preparing for its initial public offering (IPO).
Despite the increased loss, operating revenue grew by 24% to ₹2,024.1 crore for FY26. The company's EBITDA loss, however, saw a slight decrease of 3% to ₹16.6 crore. Shiprocket operates as a logistics aggregator for online sellers, partnering with multiple third-party delivery providers.
Founded in 2017, Shiprocket has raised approximately $400 million in funding and achieved unicorn status in 2022. The company aims for a valuation of around ₹7,000 crore in its upcoming IPO. The offering will include a fresh issue of up to ₹885.5 crore and an offer for sale component worth up to ₹732 crore.
Proceeds from the IPO are earmarked for bolstering marketing and IT infrastructure, as well as repaying certain borrowings. The largest expense category was cost of merchant solutions at ₹1,494.1 crore, followed by employee benefits expense at ₹379.5 crore for FY26.