Shiprocket DRHP: A Look At Shareholding Pattern & Key Executives

by · Inc42

SUMMARY

  • Shiprocket’s largest shareholder Bertelsmann holds 21.32% stake in the company and US-based Tribe Capital Management owns 14.14% stake
  • The company filed its UDRHP last week which combines fresh capital raise of up to INR 1,100 Cr and an OFS of up to INR 1,242.3 Cr equity shares.
  • Shiprocket plans to use its IPO proceeds for investments in its platforms, primarily for the emerging business and its core business, marketing initiatives and strengthening technology infrastructure
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Ecommerce-enablement company Shiprocket is gearing up for its INR 2,342.3 Cr IPO, which will pave the way for partial exits for several of its investors.

The company filed its updated draft red herring prospectus (UDRHP) with SEBI last week. The IPO will comprise a fresh issue of up to INR 1,100 Cr and an OFS of up to INR 1,242.3 Cr.

shiprocket cofounders Gautam Kapoor, Saahil Goel and Vishesh Khurana, along with institutional investors LR India Fund I, Arvind Ltd, Tribe Capital III, MCP3 SPV LLC, and Bertelsmann Nederland B.V., will offload shares via the OFS component of the public offering. 

Notably, Bertelsmann is the largest shareholder in the company with a 21.32% stake. 

California-based Tribe Capital Management holds a 14.14% stake in Shiprocket via Tribe Capital III, LLC – Series 5 and Tribe Capital III, LLC – Series 1. 

Zomato-parent Eternal owns a 6.85% stake in the company. Early stage-focussed KDT Ventures owns 5.49% stake and Temasek’s MacRitchie Investments holds 5.29% in Shiprocket. 

Cofounders Goel and Kapoor own 4.84% stake each, while Khurana has a 1.01% stake in the company.