Results · Commerce & Consumer Brands

Shiprocket narrows loss, revenue jumps 34% in Q1

By Startup Enthusiast · 8 September 2026

What they do

Shiprocket is an all-in-one ecommerce platform offering shipping, marketing, and financial services to Indian merchants

In Q1FY27, its consolidated net loss fell 24% to ₹13.7 crore while revenue rose 34% to ₹592.1 crore

The company's emerging businesses, including martech and omnichannel, grew 70% and now contribute 30% of total revenue

Shiprocket reported its first earnings since listing on the stock exchanges in August 2026.
Consolidated net loss for Q1FY27 was ₹13.7 crore, down 24% from ₹18 crore in the same quarter last year.
Revenue from operations rose 34% year-on-year to ₹592.1 crore.
Overall EBITDA loss narrowed to ₹21 crore from ₹26 crore a year ago.
Adjusted EBITDA turned positive at ₹8.9 crore, up from ₹1 crore in Q1FY26.
The core business (domestic shipping) posted revenue of ₹411.7 crore, up 22% YoY, with an adjusted EBITDA margin of 12.8%.
The emerging business (cross-border, martech, omnichannel) revenue surged 70% to ₹180.4 crore, though its EBIT loss widened to ₹43.7 crore.
Shiprocket launched several AI-powered products including RADAR courier intelligence, AI Ads platform, and AI Assist for order confirmation.

The results show Shiprocket is narrowing losses while scaling revenue, a key milestone for a newly listed company.
Emerging businesses now contribute 30% of total revenue, up from 24% a year ago, indicating successful diversification beyond core shipping.
Martech revenue grew 193% and omnichannel revenue grew 92%, highlighting strong demand for value-added services.
The company's stock rose 5.7% on the day of the results, trading at ₹142.99, up 48.2% from the IPO issue price of ₹97.

Shiprocket is an all-in-one ecommerce growth partner for Indian merchants, offering shipping, marketing, and financial services.
Its core business provides domestic shipping through 42+ courier partners covering 19,000+ pin codes across India.
It also offers cross-border shipping to 220+ countries via ShipX, CargoX, and LaunchX.
The company provides AI marketing tools such as Checkout, Promise, fastrr, Identify, and Trends.
It offers financial services including Capital and credit score products for merchants.
Shiprocket serves 4 lakh+ businesses and sellers, including SMBs, online retailers, D2C brands, and drop shippers.
The platform enables 5 lakh+ transactions daily and has 250+ ecosystem partners.
It reported 224,314 active merchants at the end of Q1FY27 and a trailing 12-month GMV of ₹34,661.8 crore.

Shiprocket plans to use IPO proceeds of ₹365.6 crore to expand its core and emerging businesses.
It will allocate ₹210 crore for debt repayment.
The remaining funds will be used for inorganic growth (acquisitions) and general corporate purposes.

Bertelsmann (existing) — Pre-IPO shareholder with 21.32% stake.
Tribe Capital (existing) — Pre-IPO shareholder with 14.14% stake.
Eternal (existing) — Pre-IPO shareholder with 6.85% stake.
KDT Venture Holdings (existing) — Pre-IPO shareholder with 5.49% stake.
MacRitchie Investments (existing) — Temasek-backed pre-IPO shareholder with 5.29% stake.
New York State Teachers Retirement System (anchor) — Anchor investor in the IPO.
Nomura Funds Ireland (anchor) — Anchor investor in the IPO.
Société Générale-ODI (anchor) — Anchor investor in the IPO.
ICICI Prudential Life Insurance Company (anchor) — Anchor investor in the IPO.