Ajay Kumar Verma
According to the company’s financial statement, Shiprocket’s core business—which includes its domestic shipping platform and value-added technology solutions for merchants—grew over 20% year-on-year to Rs 1,306 crore, maintaining a margin profile of around 12%.
Net losses also narrowed significantly to Rs 74 crore, down from Rs 595 crore in FY24, with current losses largely attributed to ESOP-related non-cash expenses of Rs 91 crore.
Meanwhile, emerging businesses such as cross-border payments, marketing, and omnichannel offerings surged 41% year-on-year to Rs 326 crore, contributing 20% of overall revenue, up from 11% two years ago.
“Our mission of simplifying commerce is rooted in enabling Bharat’s businesses to thrive in the digital economy. Shiprocket, is a platform that integrates logistics, marketing, payments, fulfilment, and post-purchase solutions, powers the full commerce journey,” Saahil Goel, Managing Director & CEO, Shiprocket said.
Shiprocket closed FY25 with a positive adjusted EBITDA of Rs 7 crore, compared to a burn of Rs 128 crore in FY24. The company’s core business EBITDA more than doubled to Rs 157 crore, as disciplined cost management and operating leverage supported margin expansion.
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Despite aggressive scaling, overall expenses remained largely flat year-on-year, underscoring Shiprocket’s focus on financial discipline.
The company also reported a 25% improvement in cash EBITDA for its emerging businesses, signalling growing merchant adoption across new service lines.
Shiprocket, which has onboarded more than four lakh merchants, has been expanding its portfolio to cover every layer of e-commerce enablement—from logistics and fulfilment to payments, marketing, and post-purchase engagement.
Over the past few years, the company has pursued both organic and inorganic growth, acquiring Pickrr, Glaucus Supply Chain Solutions, and Omuni, the omnichannel tech business of Arvind.
Shiprocket plans to invest its profits into building out its cross-border, marketing, and omnichannel solutions while driving higher operating leverage across core operations.
Edited by Affirunisa Kankudti
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