Delhi-based logistics firm Shiprocket secures ₹727.4 crore from anchor investors, signalling robust appetite ahead of its ₹1,617 crore public offering, with plans to become India’s third logistics tech unicorn to list.
Shiprocket has raised ₹727.4 crore from anchor investors ahead of its initial public offering, signalling healthy institutional appetite for the logistics technology company’s market debut. According to Inc42, the Delhi NCR-based firm allotted 7.50 crore equity shares at ₹97 apiece, the top of its price band, before subscriptions open on August 12 and close on August 14.
More than 5 crore shares, or 66.8% of the anchor allocation, went to 13 domestic mutual funds through 31 schemes, including HDFC Mutual Fund, Nippon India Mutual Fund, Kotak Mahindra Mutual Fund, Mirae Asset and SBI Mutual Funds, Inc42 reported. Insurance and pension funds, including ICICI Prudential Life Insurance, Tata AIG Life Insurance, Axis Max Life Insurance and Edelweiss Life Insurance, picked up another 53.4 lakh shares, while Goldman Sachs, the New York State Teachers Retirement System, PGIM, Societe Generale and Susquehanna Pacific also joined the round.
The public issue is sized at ₹1,617 crore and values Shiprocket at roughly ₹7,000 crore. It includes a fresh issue of up to ₹885.5 crore and an offer for sale of up to ₹732 crore, after the company cut the proposed size by about 30% from its updated draft prospectus. Cofounders Saahil Goel, Gautam Kapoor and Vishesh Khurana will all sell shares, while existing investors Lightrock and Tribe Capital will also pare holdings.
Shiprocket, founded in 2017, would become the third Indian logistics technology unicorn to list, after Delhivery and Shadowfax. The company became India’s 106th unicorn in 2022 after a $33.5 million funding round at a $1.2 billion valuation, and it has since raised about $420 million from backers including Razorpay, PayPal Ventures, Info Edge Ventures and Temasek. Inc42 said Shiprocket’s net loss widened to ₹79.2 crore in FY26 even as revenue rose 24% to ₹2,024 crore from ₹1,632 crore a year earlier.
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