Shiprocket Ltd IPO

About Shiprocket Ltd

Our Company was incorporated as `Bigfoot Retail Solutions Private Limited' at New Delhi as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated September 28, 2011, issued by the Registrar of Companies, Delhi and Haryana (RoC). Subsequently, the name of our Company was changed to `Shiprocket Private Limited' pursuant to a Shareholder's resolution dated June 12, 2024, and a fresh certificate of incorporation dated July 19, 2024 was issued by the RoC. Our Company was converted to a public limited company and the name of our Company was changed to `Shiprocket Limited' pursuant to a Shareholder's resolution dated January 18, 2025 and a fresh certificate of incorporation dated February 18, 2025 was issued by the RoC.

According to the Redseer Report, the business-to-consumer market opportunity in India is evolving across both domestic retail and cross-border merchandise retail, driven by a mix of offline and online channels, presenting a large and growing opportunity for new age end-to-end horizontal e-commerce enablement platforms offering key services to Merchants. Online commerce, offline commerce and cross-border merchandise retail together represent a market opportunity of Rs.7.7-8.4 trillion (US$92-101 billion) gross merchandise value for new age end-to-end horizontal e-commerce enablement platforms in CY 2024. Among them, Direct Commerce generated a gross merchandise value of Rs.581-747 (US$7-9 billion) billion in CY 2024, is expected to grow at a CAGR of 20-25% until CY 2029, and accounts for 10-13% of online retail in CY 2024. As India's Direct Commerce landscape matures, the need for scalable, flexible, and cost-effective commerce enablement solutions will continue to grow.

Shiprocket is an end to end, new-age, merchant-first, and application programming interfaces-led technology platform designed to enable e-commerce transactions for India's MSMEs and digital retailers. Our Shiprocket platform simplifies e-commerce for Merchants who sell directly to end consumers through their own websites, apps or social media channels, through our various lines of business aimed at simplifying logistics, checkout, payments, fulfilment, and cross-border trade, enabling Merchants to sell online and offline efficiently and at scale. We operate on an asset-light business model with a scalable technology platform at the core of our business, supplemented by our extensive network of ecosystem partners.

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