Indian Startups18mo
by JumpyNoodleProduct Owner
Zomato's offer to acquire Shiprocket @ $2B
Any one has any idea on what valuation Tribe is looking to lead $75M round into Shiprocket?
CosmicTaco
Shiprocket's Revenue Soars to Rs 1,316 Cr, Reduces Losses
- Shiprocket's operating revenue grew by 21% YoY, reaching Rs 1,316 crore in FY24.
- The company reduced its cash EBITDA burn by 48%, from Rs 191 crore in FY23 to Rs 100 crore in FY24.
- This reduction in losses contributed to achieving cash profitability in the first two quarters of FY25.
- Emerging businesses, including Shiprocket Cross Border, Checkout, Capital, are growing at ~75% YoY.
- Shiprocket raised $185 million in a Series E round co-led by Zomato, Temasek, and Lightrock India in December 2021.
Source: Entrackr
8mo ago
Talking product sense with Ridhi
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