Shiprocket, one of India’s leading e-commerce logistics and shipping platforms, has announced its financial performance for the fiscal year 2024-25, and the results look promising. The company recorded revenue of ₹1,632 crore, showing a healthy rise of around 24% compared to the previous year. What stands out even more is how the company managed to narrow its overall losses from around ₹595 crore to ₹74 crore during the same period. This marks a clear step toward a stronger and more sustainable business model.
Shiprocket has been growing alongside the rise of online shopping and small businesses selling directly to customers. The platform acts like a complete logistics partner, helping sellers deliver products quickly and reliably. From pickup to doorstep delivery, tracking, refunds, and even customer support, Shiprocket’s technology helps thousands of businesses manage orders smoothly. As more people are shopping online, Shiprocket’s services have become increasingly essential, and this demand has played an important role in its growing revenue.
Strong Revenue Growth Driven by Business Expansion
The company’s revenue growth was supported by both its core logistics business and new service categories. Shiprocket has continued to expand its offerings beyond domestic deliveries. It has been strengthening its cross-border shipping, marketing solutions, and omnichannel management tools, which allow brands to manage orders from different marketplaces and sales platforms in one system. This growth in add-on services has attracted more brands and increased overall customer spending on the platform.
The core business, which includes domestic shipping and technology solutions, remained the largest source of revenue and contributed a major share. However, newer business segments grew faster percentage-wise and added meaningful value. These services now account for nearly one-fifth of the company’s revenue, showing the company’s effort to diversify its business model and look beyond logistics alone.
Loss Reduction Shows Improved Efficiency
While revenue growth is important, what truly stands out in Shiprocket’s FY25 performance is how effectively it handled its expenses. The company managed to keep its total costs nearly stable compared to the previous year while increasing revenue, which is a positive sign of improving efficiency. The reduction in losses came mainly from lower employee-related and ESOP expenses, along with better cost management across operations.
Shiprocket also became EBITDA cash-positive, meaning the company earned enough from its regular business activities to cover operating expenses. This is an important milestone for any fast-growing startup, as it shows that the underlying business model is working well.
Positioned for Sustainable Growth Ahead
With a stronger financial foundation, Shiprocket is now better positioned for future growth. The company has been preparing for a potential stock market listing, and this financial performance strengthens that possibility. If it continues to control expenses while improving service quality and expanding new business areas, Shiprocket may soon move toward full profitability.