About the Company
Shiprocket was founded in 2017 with a vision to simplify e-commerce logistics for businesses of all sizes. Headquartered in New Delhi, India, the company provides end-to-end logistics and fulfillment solutions to e-commerce businesses, D2C brands, and SMEs. Shiprocket enables businesses to ship products seamlessly through a vast network of courier partners while offering advanced technology solutions for tracking and order management.
Business Model
Shiprocket operates through the following key business segments:
a) Logistics & Fulfillment Services
- Description: Provides automated shipping solutions, fulfillment, and last-mile delivery services.
- Key Clients and Markets: Serves D2C brands, SMEs, and e-commerce businesses across India.
b) Technology Solutions
- Description: Offers AI-driven shipping solutions, order tracking, and inventory management tools.
- Competitive Advantage: Provides cost-effective, automated shipping solutions with real-time analytics and integrations with e-commerce platforms.
c) Revenue Streams
Shiprocket generates revenue through:
- Shipping Charges: Fees charged to merchants for logistics services.
- Subscription Plans: Premium services for advanced analytics and automation.
- Warehousing & Fulfillment: Revenue from storage, inventory management, and packing solutions.
What Problem is the Startup Addressing?
Shiprocket aims to solve the logistics challenges faced by small and medium businesses in India. The traditional logistics ecosystem is fragmented, expensive, and lacks transparency. Shiprocket addresses these challenges through:
- Affordable Logistics: Providing cost-effective shipping solutions by aggregating courier partners.
- Automation & Efficiency: AI-driven order management and real-time tracking.
- Nationwide Reach: Extensive delivery coverage, including remote locations, with COD and return management.
By doing so, Shiprocket empowers businesses to scale seamlessly and improve customer satisfaction.
Key Financial Numbers
- Revenue (Latest): ₹1,086 crore ($130M) as of FY 2023.
- Profitability: Not publicly disclosed.
- Growth Rate: Rapidly expanding with an increasing merchant base.
- Funding: Raised $185M from investors like Zomato, Lightrock, and Bertelsmann India.
- Market Valuation: Estimated at $1.2B as of 2023.
About the Founders
- Saahil Goel – Co-Founder & CEO
- Education: MBA from Babson College, USA.Professional Background: Expertise in e-commerce and digital logistics.Role in Company: Leads business strategy, operations, and growth initiatives.
- Gautam Kapoor – Co-Founder
- Education & Background: Entrepreneurial background with experience in digital commerce and logistics.
Contributions: Oversees product development, innovation, and partnerships.
