With the rapid growth of instant delivery in India, logistics unicorn IPO bound Shiprocket has expands its same-day delivery service to Bengaluru. The company already operates this service in Delhi NCR, Mumbai, Kolkata, and Hyderabad. This expansion aims to support micro, medium, and small enterprises (MSMEs) by enhancing their competitiveness against major e-commerce brands that benefit from fast deliveries.
Shiprocket’s managing director and CEO, Saahil Goel, emphasized the initiative as a step toward democratizing e-commerce technology for sellers and advancing India’s digital transformation. Orders picked between 12 PM and 1 PM will be delivered the same day, and orders picked by 3 PM will also reach customers the same day via Bengaluru-based Pico Xpress. Shiprocket, founded in 2017, provides end-to-end logistics solutions and operates across 24,000 pin codes in India and 220 countries worldwide.
The expansion aligns with Shiprocket’s broader growth strategy amid its IPO plans. Recently, the company raised INR 219 Cr ($26 Mn) led by KDT Ventures and transitioned to a public company, now named “Shiprocket Limited.” The logistics startup has also launched a WhatsApp storefront bot for small businesses and piloted its D2C marketplace Zop. Additionally, Shiprocket is working with the government to establish pilot e-commerce export hubs.
As India’s quick commerce sector thrives, competitors like Delhivery, Blitz, and Zippee are intensifying their same-day delivery efforts. Shiprocket’s revenue rose 20.8% to INR 1,316 Cr in FY24, although its net loss widened by 74.4% to INR 595 Cr. The startup’s focus on faster deliveries and logistics innovation highlights the evolving landscape of India’s e-commerce ecosystem.
1. Introduction to Shiprocket
1.1 Shiprocket is a leading e-commerce enablement platform providing logistics solutions for online retailers and small businesses.
1.2 Founded in 2017 by Saahil Goel, Vishesh Khurana, Akshay Gulati, and Gautam Kapoor, the company simplifies order fulfillment for sellers.
1.3 Shiprocket connects merchants with multiple courier partners, enabling nationwide and international shipping across 24,000 Indian pin codes and 220 global locations.
1.4 The platform offers AI-driven shipping recommendations, order tracking, and fulfillment centers to enhance delivery efficiency.
1.5 Shiprocket’s revenue model relies on per-shipment fees, subscription plans, and additional services like warehousing and return management.
1.6 The startup has raised multiple funding rounds, with a valuation of $1.2 billion. It is currently preparing for an IPO.
2. Expansion of Same-Day Delivery to Bengaluru
2.1 Shiprocket has launched its same-day delivery service in Bengaluru, extending its reach beyond Delhi NCR, Mumbai, Kolkata, and Hyderabad.
2.2 The initiative helps MSMEs compete with larger e-commerce platforms that retain customers through rapid deliveries.
2.3 Shiprocket partners with Pico Xpress to fulfill same-day orders in Bengaluru.
2.4 Orders picked between 12 PM and 1 PM, and those picked by 3 PM, will be delivered on the same day.
3. Shiprocket’s IPO Plans and Market Expansion
3.1 Shiprocket has rebranded as “Shiprocket Limited,” signaling its IPO ambitions.
3.2 It is raising INR 219 Cr ($26 Mn) from KDT Ventures to fuel growth.
3.3 The company is diversifying services, launching a WhatsApp storefront bot for small businesses.
3.4 Shiprocket is piloting a D2C marketplace, Zop, featuring 200-300 brands.
4. The Growing Quick Commerce Landscape in India
4.1 India’s quick commerce sector is booming, driven by startups like Zepto, Zomato, and Swiggy.
4.2 Logistics players such as Blitz and Zippee are also expanding their same-day delivery networks.
4.3 Delhivery offers two-hour delivery in select cities and plans multi-tenant dark stores.
4.4 The Reserve Bank of India highlights quick commerce as a major driver of private consumption.
5. Shiprocket’s Financial Performance
5.1 Shiprocket’s revenue rose 20.8% to INR 1,316 Cr in FY24.
5.2 However, net losses widened by 74.4% to INR 595 Cr.
5.3 The startup is investing heavily in technology, partnerships, and expansion.
6. Learning for Startups and Entrepreneurs
6.1 Logistics innovation is crucial for e-commerce success.
6.2 Fast delivery enhances customer retention and business growth.
6.3 Adapting to quick commerce trends can open new revenue streams.
6.4 Strategic partnerships (like Shiprocket and Pico Xpress) improve service efficiency.
6.5 Strong financial planning is necessary to manage expansion costs.
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7.2 Our in-depth coverage helps entrepreneurs navigate business challenges and opportunities.
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