Shiprocket unveils India's first AI-integrated MCP server
IPO-bound Shiprocket , an ecommerce enablement platform, has launched India's first AI-integrated model context protocol server, marking a significant step in autonomous digital commerce . This server allows AI agents to directly handle key operations from checking shipping rates to tracking orders using a single line of instruction, the company said in a statement.The innovation is targeted at D2C brands and MSMEs , promising faster execution, seamless integration, and hands-free operations with enterprise-grade security. With this rollout, Shiprocket aims to shift from manual processes to fully autonomous commerce infrastructure, it added."Our MCP Server launch marks a transformative shift from manual workflows to autonomous operations powered by AI. This is how we enable millions of businesses to work smarter, respond faster, and scale effortlessly."This is more than just an integration, it's a new interface for eCommerce. We're enabling a world where AI doesn't just support business decisions, it executes them," Shiprocket's MD & CEO Saahil Goel said.
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Time of India
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- Time of India
Shiprocket files confidential pre-IPO papers
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Time of India
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- Time of India
Shiprocket on way to D-Street; Google unleashes AI
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Time of India
21-05-2025
- Time of India
Zomato and Temasek-backed Shiprocket pre-files DRHP with Sebi for IPO
Shiprocket , a fast-growing logistics tech company backed by Zomato and Temasek, has taken its first formal step towards going public by confidentially filing a draft red herring prospectus (DRHP) with Sebi under the regulator's pre-filing route. The proposed IPO is expected to be in the range of Rs 2,000 to Rs 2,500 crore, ET reported earlier. This will include a fresh issue component of around Rs 1,000 to Rs 1,200 crore. The remaining will be an offer for sale by existing shareholders. Investment banks Axis Capital , Kotak Mahindra Capital, JM Financial , and Bank of America have been appointed as advisors for the issue. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 기미 잡티, 레이저에 헛돈 쓰지 마세요 두아이연구원 Undo Shiprocket has opted for Sebi confidential filing mechanism, a route that allows companies to delay public disclosure of sensitive business details until closer to the IPO. This route has previously been used by other high-profile startups such as Boat, PhysicsWallah, and Swiggy. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Founded in 2012, Shiprocket provides end-to-end logistics solutions for over 100,000 direct-to-consumer (D2C) brands and small sellers across India. The company has made its mark in enabling e-commerce shipments, especially in Tier-II and Tier-III cities, which currently account for more than half of its merchant base. Despite broader ecommerce growth slowing in FY25, Shiprocket clocked an estimated 20–25% growth and turned cash-flow positive, according to one of its investors. Live Events In FY24, it reported operating revenue of Rs 1,316 crore, up 21% from the previous year, though its net loss widened to Rs 595 crore due to the financial impact of integrating multiple acquisitions, including RocketBox, Omuni, and Pickrr. Shiprocket is now focusing on three strategic areas: digital payments, cross-border shipping, and quick commerce. Under its quick commerce vertical, it is integrating logistics platforms like Porter, Borzo, and Shadowfax to help small and medium businesses access hyperlocal delivery. It has also begun working with players like Zepto and Swiggy Instamart to manage stock replenishment for dark stores. Last year, Shiprocket raised Rs 219 crore in a funding extension round at a $1.2 billion valuation, bringing on board new investors like Koch Group, MUFG Bank, Tribe Capital, and Susquehanna, alongside existing backers Temasek, Bertelsmann, PayPal, and Info Edge Ventures.
