Temasek-backed logistics firm Shiprocket gets SEBI nod for IPO
- ByStartupStory | November 4, 2025
Temasek-backed logistics and supply chain platform Shiprocket has received regulatory approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO) worth Rs 2,500 crore. The company, which confidentially filed its draft red herring prospectus in May, must now update its documentation and is expected to launch the IPO in the coming months.
Shiprocket’s IPO will comprise a fresh issue of Rs 1,200–1,400 crore and an offer for sale (OFS) for the remainder, with early investors and the founders partially divesting their holdings. Major stakeholders such as Temasek, Zomato, and Info Edge will retain their stakes and will not participate in the OFS.
Founded by Saahil Goel, Gautam Kapoor, and Vishesh Khurana, Shiprocket enables direct-to-consumer (D2C) brands and small businesses to access integrated shipping, real-time tracking, and automated fulfilment solutions. With over $320 million raised so far and a valuation of $1.21 billion, Shiprocket counts Bertelsmann Nederland B.V., Tribe, Zomato, Temasek, LightRock, and PayPal among its prominent backers.
For the financial year 2025, Shiprocket reported operating revenue of Rs 1,632 crore—a robust 24% year-on-year increase—and achieved positive EBITDA of Rs 7 crore, reversing significant losses from the previous year. The company also narrowed its net loss to Rs 74 crore from Rs 128 crore, attributing the improvement to operational efficiencies and growth in new segments such as cross-border shipping and marketing solutions.
Axis Capital, Kotak Mahindra, JM Financial, and BofA Securities have been appointed lead managers for the IPO, which comes as India’s primary market activity surges and several notable listings, including Meesho and Pine Labs, are anticipated this year.
In summary, Shiprocket’s SEBI approval marks a major step toward its public listing, positioning the firm to raise fresh capital, consolidate market share in logistics technology, and accelerate its expansion domestically and globally.
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