CosmicTaco

Shiprocket's Revenue Soars to Rs 1,316 Cr, Reduces Losses

CosmicTaco · 2024-10-24T09:14:48.146974+05:30

- 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](https://entrackr.com/news/shiprockets-revenue-grows-to-rs-1316-cr-in-fy24-cuts-losses-7349559)

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