Latest news with #Shiprocket
Hans India
2 hours ago
- Business
- Hans India
Shiprocket Yatra drives ecom growth for MSMEs in TG, AP
Hyderabad: Shiprocket, India's premier eCommerce enablement platform, hosted its flagship event, Shiprocket Yatra 2025, in Hyderabad to empower micro, small, and medium enterprises (MSMEs) across Telangana and Andhra Pradesh. The initiative aims to equip local merchants with cutting-edge tools, technology, and insights necessary to accelerate their growth in the digital commerce space. The event convened industry leaders, entrepreneurs, key opinion leaders (KOLs), and innovators to explore how MSMEs can harness eCommerce solutions to unlock both domestic and international market opportunities. Atul Mehta, CEO of Domestic Shipping at Shiprocket, highlighted the challenges faced by MSMEs throughout their eCommerce journey. 'From digital onboarding to order fulfillment and customer experience, MSMEs often encounter hurdles at every stage. Shiprocket Yatra 2025 – Hyderabad chapter underscores the importance of Telangana and Andhra Pradesh as key growth markets,' he said. 'The success stories emerging from our sellers in this region demonstrate the transformative power of eCommerce enablement. We remain committed to providing advanced technology and tools to help these businesses enhance discoverability, improve customer experience, and sustain growth.' Telangana and Andhra Pradesh have become strategic hubs for Shiprocket, with over 18,000 sellers onboarded from the states so far. These sellers have collectively facilitated more than 2 crore shipments, reflecting strong digital adoption and entrepreneurial spirit. In the fiscal year 2025 alone, shipment volumes from the region surpassed 35 lakh, representing a robust 25% year-on-year growth. The region's sellers have also made notable contributions to exports, expanding their footprint beyond India to global markets — perfectly aligning with Shiprocket's mission to democratize eCommerce across emerging Bharat through scalable, technology-driven solutions. Guest of Honour Prem Kumar V, Founder and Chief Innovator of Marut Drones, stressed the transformative potential of digital tools for MSMEs. 'Technology canbe a catalyst that transforms traditional businesses into agile and scalable operations. Initiatives like Shiprocket Yatra are vital to drive this transformation,' he said.
United News of India
12 hours ago
- Business
- United News of India
Shiprocket to set up three more dark stores in India in next 3-6 months
Hyderabad, June 9 (UNI) Shiprocket, India's leading eCommerce enablement platform, on Monday announced it will set up three more dark stores in Hyderabad, Chennai, and Kolkata in the next 3-6 months in the country for quick delivery. Already existed three dark stores in the country – Delhi, Mumbai and Bengalur and the centres will offer a comprehensive suite of services to support e-commerce businesses, including solutions for fulfilling online orders, managing inventory, and optimizing delivery logistics, said Shiprocket CEO (Domestic Shipping) Atul Mehta on the occasion of hosting shiprocket Yatra 2025 here to empower MSME merchants in the region. Shiprocket recently filed a pre-filed draft red herring prospectus (pre-DRHP) with market regulator Sebi, marking the logistics tech company's formal step toward a public listing. Shiprocket, incorporated as Bigfoot Retail Solutions and headquartered in Delhi NCR, has not disclosed the size of the proposed issue in the public advertisement. Backed by investors including Zomato and Temasek, Shiprocket provides end-to-end shipping and fulfilment solutions to direct-to-consumer (D2C) brands and independent merchants, a segment that currently generates 70-80% of its revenues. Dark stores which are mostly in metro cities, essentially micro-fulfillment centers, are a key component of the quick commerce landscape, and Shiprocket provides the tools and infrastructure to enable their efficient operation, he informed. Each store measures 3,000 sq. ft and the company also has 32 shared warehouses (each warehouse measuring over 1.5 lakh sq. ft , measuring across the country, he said. Of the total 3 lakh plus sellers across the country, Telangana and Andhra Pradesh have emerged as strategic markets for Shiprocket, with around 18,000 sellers from these states onboarded to the platform to date, Atul said that these sellers have collectively contributed to over 2 crore shipments, demonstrating the region's strong digital adoption and entrepreneurial agility. In FY25 alone, shipment volumes from Telangana and Andhra Pradesh reached around 35 lakh+ shipments, marking a robust year-on-year growth of around 25 per cent, he said. Shiprocket Yatra brought together industry leaders, entrepreneurs, key opinion leaders (KOLs), and innovators to discuss how MSMEs can leverage eCommerce enablement to unlock domestic and global growth opportunities, he said. 'MSMEs in India often face significant challenges at every stage of their eCommerce journey, from digital onboarding and order fulfilment to customer experience and scalability. Shiprocket Yatra 2025 - Hyderabad chapter highlights the importance of the key growth markets in Telangana and Andhra Pradesh, said Atul. The exceptional growth stories from our seller community in the region underscore the transformative role of eCommerce enablement. Our commitment is to continue equipping these businesses with advanced tools and proprietary technology that help them drive better discoverability, improve customer experience, and achieve sustainable growth, he said.. Sellers from the region have also played a significant role in exports, extending their reach beyond the domestic market to global customers, perfectly aligning with Shiprocket's mission to democratise eCommerce for the emerging Bharat by offering scalable, tech-driven solutions, he added. UNI KNR BD
Time of India
21-05-2025
- Business
- Time of India
Shiprocket files confidential pre-IPO papers
BENGALURU: Shiprocket has filed a pre-filed draft red herring prospectus ( pre-DRHP ) with market regulator Sebi , marking the logistics tech company's formal step toward a public listing . The filing was made under Regulation 59C (5) of Sebi's Issue of Capital and Disclosure Requirements (ICDR) Regulations, as per a public notice issued by the company in a financial daily on Wednesday. The proposed initial public offering is intended to be listed on the main boards of both the BSE and NSE . The pre-DRHP was filed under Chapter IIA of the ICDR Regulations, which allows for confidential submissions, giving the company flexibility to delay public disclosures around offer details and financials during the early review process. Shiprocket, incorporated as Bigfoot Retail Solutions and headquartered in Delhi NCR, has not disclosed the size or timeline of the proposed issue in the public advertisement. Backed by investors including Zomato and Temasek, Shiprocket provides end-to-end shipping and fulfilment solutions to direct-to-consumer (D2C) brands and independent merchants, a segment that currently generates 70-80% of its revenues. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
21-05-2025
- Business
- Time of India
Shiprocket on way to D-Street; Google unleashes AI
Next Shiprocket on way to D-Street; Google unleashes AI Want this newsletter delivered to your inbox? Also in the letter: Shiprocket files confidential DRHP for Rs 2,500 crore IPO Tell me more: Shiprocket aims to raise Rs 2,000–2,500 crore through its initial public offering (IPO). Of this, Rs 1,000–1,100 crore will be via a fresh issue of shares. Axis Capital, Kotak Mahindra, JM Financial and Bank of America are acting as book-running lead managers. Why this route? IPO rush: The caveat: Key takeaways from Google I/O 2025 Gemini takes centre stage: Gemini will now be integrated across Google's key apps, including Chrome, Maps, Gmail and Calendar. The new Gemini 2.5 Pro introduces Deep Think, an advanced reasoning mode. Google is also developing an Agent Mode, enabling Gemini to perform multi-step tasks on websites. Smart replies are becoming more intelligent, drawing on emails and files for personalised responses. Users can now upload files directly, with support for Google Drive and Gmail integration coming soon. Next in interaction: Google unveiled Beam, a 3D video conferencing system using a six-camera array to create immersive, life-like meetings. It also showcased progress on smart glasses, powered by Android XR, its extended reality operating system. AI in search: Also Read: TCS bags add-on advance purchase order worth Rs 2,903 crore from BSNL Deal details: A look back: Accenture to promote 50,000 staff after six-month delay Up the ladder: Also Read: Maharashtra notifies cab policy; 10% penalty for driver cancellations Driving the news: A Government Resolution (GR) issued on Tuesday lays down rules to ensure fair practices and smoother commutes. It introduces financial penalties for trip cancellations by drivers and passengers. The policy standardised fares by linking them to the Regional Transport Authority rates. Discounts are capped at 25%, and surge pricing is limited to 1.5x the base fare.. Drivers must receive at least 80% of the fare, with a minimum trip distance of 3 km. Tell me more: Driver cancellations: Drivers who cancel after accepting a booking will be fined 10% of the fare or Rs 100, whichever is lower. The amount will be credited to the rider. Drivers who cancel after accepting a booking will be fined 10% of the fare or Rs 100, whichever is lower. The amount will be credited to the rider. Passenger cancellations: Passengers who cancel without a valid reason will be charged 5% of the fare or Rs 50, whichever is lower. The amount will be credited to the driver. Jason Kothari's entertainment startup Mythik raises $15 million from Sakal group, Shah Rukh Khan's family office Company overview: Aarthi Ramamurthy launches VC firm Schema Ventures with first fund of $20 million Focus areas: Verbatim: Shiprocket has taken a significant first step towards its public market listing. This and more in today's ETtech Top 5.■ TCS bags big deal■ Maharashtra's new cab policy■ Schema, Mythik fundraiseSaahil Goel, CEO, ShiprocketD2C logistics provider Shiprocket has confidentially filed the draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), marking the first step towards its public market we first reported Filing confidentially allows companies to keep sensitive business information out of the public domain until they are ready to proceed with the joins Bluestone and Urban Company on the road to listing. Others, including Zetwerk Lenskart and Meesho , are also at various stages of preparing for their new-age companies are re-evaluating their IPO plans amid valuation concerns driven by volatile market conditions.'If founders aren't happy with how the street is willing to price them, they might delay the IPOs,' according to Kashyap Chanchani, managing director at The Rainmaker Group, a homegrown investment Pichai, CEO, GoogleArtificial intelligence (AI) took centre stage at Google I/O 2025 , with major upgrades announced across Gemini, search, and smart flagship AI app is getting powerful new capabilities:Google Search now features richer AI integration , offering more visual, interactive results, such as AI-generated graphs and virtual try-ons for also introduced two new generative models: Imagen 4 for text-to-image generation and Veo 3 for video creation Tata Consultancy Services (TCS) has received an add-on Advance Purchase Order (APO) worth Rs 2,903 crore from state-run telecom company a regulatory filing, TCS said the order includes planning, engineering, supply, installation, testing, commissioning, and annual maintenance of a 4G mobile network across 18,685 Networks, which is majority owned by Tata Sons, will supply the Radio Access Network (RAN) and other equipment for the project, valued at around Rs 525 May 2023, TCS bagged a Rs 15,000 crore mega deal from BSNL to drive its 4G rollout using a fully indigenous stack, avoiding dependence on global vendors such as Ericsson, Nokia, or Accenture will promote 50,000 people, including 15,000 in India , after a six-month delay prompted by a slowdown in IT to Bloomberg, the promotions include 11,000 across Europe, the Middle East and Africa, and 10,000 in the Americas. With a workforce of 800,000 employees, the move covers 6% of the decision follows reduced discretionary spending and tighter scrutiny of US government contracts under the Trump has released its official aggregator policy for ride-hailing platforms such as Ola and Uber, outlining regulations on fares, driver training, electric vehicles (EVs), and cancellation penalties, the Times of India policy also promotes a shift towards electric startup Mythik, founded by Jason Kothari, has raised $15 million in a funding round led by Sakal Media Group, VC Grid, Shah Rukh Khan's family office, and Visceral last month, Mythik aims to bring Eastern mythology and history to a global audience. Kothari's team includes former Disney, Netflix, Amazon Studios, Jio, and Tencent Valley technologist Aarthi Ramamurthy has launched a venture capital firm, Schema Ventures , which debuts with a $20 million fund. Ramamurthy and her husband, Sriram Krishnan, are widely known as the hosts of 'The Aarthi and Sriram Show'.Schema Ventures will invest in early-stage companies across diverse sectors, including industrial software, robotics, and technology for industries such as construction, logistics, and manufacturing. The fund will also target workflow intelligence and developer stated that her fund aims to support individuals who create based on their lived experiences rather than "pedigree or proximity."
Time of India
21-05-2025
- Business
- 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.
