Shiprocket's new businesses grow 65% as logistics firm targets ₹1,618-crore IPO

Logistics startup Shiprocket is targeting a ₹1,618-crore initial public offering as its newer business divisions accelerate growth. The company's emerging segments — including checkout solutions, advertising, data services and omnichannel logistics — expanded 65% and now form a key pillar of its strategy.

Shiprocket is pivoting from a pure logistics play toward a broader technology platform serving India's small and medium businesses. The diversification into higher-margin services reflects the company's ambition to compete beyond traditional shipping and warehousing.