About Shiprocket
Shiprocket is a company based in Gurugram (India) founded in 2012 by Saahil Goel and Vishesh Khurana.. Shiprocket has raised $344.42 million across 12 funding rounds from investors including Zomato, Razorpay and PayPal. The company has 800 employees as of December 19, 2024. Shiprocket has completed 5 acquisitions, including Glaucus logistics, Omuni and Pickrr. Shiprocket operates in a competitive market with competitors including Shippo, Sorted, ShipBob, Deliverr and Brightpearl, among others.
- Headquarter Gurugram, India
- Employees 800 as on 19 Dec, 2024
- Founders Saahil Goel, Vishesh Khurana
- Stage Unicorn
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Sectors
TechnologyTransportation, Automotive & Logistics Retail
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Email
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Phone
*********
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Website
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Social
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- Legal Name Shiprocket Limited
- Date of Incorporation 28 Sep, 2011
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$135.47 M (USD)77.58as on Mar 31, 2023
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Net Profit
$-40.14 M (USD)-258.36as on Mar 31, 2023
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EBITDA
$-30.9 M (USD)-126.65as on Mar 31, 2023
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Total Equity Funding
$344.42 M (USD)
in 12 rounds
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Latest Funding Round
$26 M (USD), Series E
Dec 27, 2024
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Investors
Zomato
& 52 more
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Employee Count
800
as on Dec 19, 2024
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Investments & Acquisitions
Glaucus logistics
& 4 more
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Funding Insights of Shiprocket
Shiprocket has successfully raised a total of $344.42M across 12 strategic funding rounds. The most recent funding activity was a Series E round of $26 million completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 12
- Last Round Series E — $26.0M
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First Round
First Round
(23 Jul 2013)
- Investors Count 53
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series E - Shiprocket | Valuation | KdT Ventures | |
| Oct, 2023 | Amount | Series E - Shiprocket | Valuation | Afos |
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| Sep, 2022 | Amount | Series E - Shiprocket | Valuation | Agility |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Shiprocket
Shiprocket has secured backing from 53 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Zomato, Razorpay and PayPal. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage investments are made in frontier science ventures.
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Founded Year | Domain | Location | |
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Investments are made in global seed and early-stage startups.
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Founded Year | Domain | Location | |
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Venture capital fund investing in early-stage tech startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Shiprocket
Shiprocket has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Glaucus logistics, Omuni and Pickrr. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud-based end-to-end logistics solutions are offered for e-tailers.
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2015 | ||||
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AI-based logistics solutions are provided for shipping and tracking.
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2015 | ||||
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Intra-city logistics for goods transport via trucks is provided.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Shiprocket
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Shiprocket Comparisons
Competitors of Shiprocket
Shiprocket operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Shippo, Sorted, ShipBob, Deliverr and Brightpearl, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Web-based shipping solutions are provided for e-commerce businesses.
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| domain | founded_year | HQ Location |
E-commerce shipping operations are managed via SaaS platform.
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| domain | founded_year | HQ Location |
E-commerce fulfillment solutions are provided for direct-to-consumer brands.
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| domain | founded_year | HQ Location |
Tech-enabled fulfillment services are provided to e-commerce businesses.
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| domain | founded_year | HQ Location |
SaaS-based omnichannel retail management software is provided for retailers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Shiprocket
Frequently Asked Questions about Shiprocket
When was Shiprocket founded?
Shiprocket was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Shiprocket located?
Shiprocket is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Shiprocket?
Saahil Goel is the current CEO of Shiprocket. They have also founded this company.
Is Shiprocket a funded company?
Shiprocket is a funded company, having raised a total of $344.42M across 12 funding rounds to date.
How many employees does Shiprocket have?
As of Dec 19, 2024, the latest employee count at Shiprocket is 800.
What is the annual revenue of Shiprocket?
Annual revenue of Shiprocket is $135.47M as on Mar 31, 2023.
What does Shiprocket do?
Shiprocket was founded in 2012 in Gurugram, India, within the e-commerce sector. Domestic and cross-border shipping solutions, along with order fulfillment and returns management, are handled by the platform. Marketing automation, customer engagement, and checkout optimization tools are also supplied. Financial services are extended to support operational growth for businesses.
Who are the top competitors of Shiprocket?
How many acquisitions has Shiprocket made?
Shiprocket has made 5 acquisitions, including Glaucus logistics, Omuni, and Pickrr.
Who are Shiprocket's investors?
Shiprocket has 53 investors. Key investors include Zomato, Razorpay, PayPal, MUFG Bank, and Tribe Capital.
What is Shiprocket's valuation?
The valuation of Shiprocket is $1.18B as of Oct 2023.
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