Shiprocket IPO Likely This Month At ₹7,000 Cr Valuation: Report

by · Inc42

SUMMARY

  • Shiprocket is expected to launch its IPO within the next one to two weeks at a valuation of around ₹7,000 Cr, about 30% below its last private market valuation
  • The IPO will offer another gauge of how public markets are valuing India's startup unicorns, with Shiprocket seeking a meaningful discount to its last funding round despite improving financial performance
  • The ecommerce enablement startup plans to raise ₹1,100 Cr through a fresh issue, while existing investors and cofounders will sell shares worth up to ₹1,242.3 Cr via an OFS, according to the UDRHP