IPO-bound Shiprocket narrowed its net loss sharply to ₹74 crore in FY25 from ₹595 crore in FY24. The logistics and e-commerce enablement company recorded 24 per cent growth to ₹1,632 crore over ₹1,316 crore.

The company said that the losses are largely attributable to ESOP expenses of ₹91 crore. It filed the pre-filed Draft Red Herring Prospectus with SEBI in May.

While core business revenue (domestic shipping and value-added tech offerings) grew by over 20 per cent year-on-year (y-o-y) to ₹1,306 crore, emerging businesses grew 41 per cent y-o-y aided by expansion of cross-border, martech, and omnichannel offerings. Also emerging business’ contribution increased to 20 per cent of total revenue from 11 per cent two years ago.

In a statement, Tanmay Kumar, Chief Financial Officer, Shiproc

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