StartupsMediaNamaabout 1 hour ago
Shiprocket IPO Oversubscribed 100x, Raises Rs 1,617 Crore
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Shiprocket's IPO closed August 14, oversubscribed nearly 100 times with bids for 938.51 crore shares. The logistics platform raised Rs 1,617 crore, with revenue growing to Rs 2,024 crore in FY26 but losses of Rs 79.2 crore. Risks include AI search changes and in-house logistics from Meesho and FirstCry.
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