Shiprocket is expanding beyond its traditional parcel-shipping business as its emerging technology-led businesses recorded 65% year-on-year growth in FY2025–26, ahead of the company’s planned ₹1,618-crore initial public offering (IPO).
The new businesses, which include cross-border commerce, omnichannel solutions, checkout technology and marketing services, contributed more than 25% of Shiprocket’s total revenue in FY26. Their growth was nearly three times that of the company’s core shipping business, which grew around 14% during the year.
The shift reflects Shiprocket’s strategy of positioning itself as a broader e-commerce technology and enablement platform, rather than solely as a logistics aggregator. The company aims to monetise multiple services from the same merchant transaction, ranging from shipping and checkout to international commerce and marketing.
Shiprocket has fulfilled more than 730 million shipments since 2016 and processed around 200 million orders in FY26, highlighting the scale of its merchant and consumer network.
The company is preparing to enter the public markets with an IPO that has been reduced from its earlier proposed size. The issue is now pegged at around ₹1,617.59 crore, with a price band of ₹92–₹97 per share, and is scheduled to open for subscription on August 12, 2026.
The IPO comes as competition intensifies in India’s e-commerce logistics sector, with major players expanding their merchant-facing logistics offerings. Shiprocket is seeking to differentiate itself by providing a wider technology stack to help small and medium businesses acquire customers, process orders and ship products domestically and internationally.
The company’s growing non-shipping revenue streams are therefore emerging as a key component of its strategy to build a more diversified and scalable e-commerce infrastructure business.