Shiprocket’s FY24 revenue rises 21%, net loss at Rs 595 crore

Logistics-tech unicorn Shiprocket said its revenue rose 21% year-on-year to Rs 1,316 crore in FY24, driven by growth in its core business of e-commerce enablement and also expanding scale in its emerging businesses such as cross border, checkout and fulfillment.

The company said while its core business has been strengthened by the integration of Pickrr’s domestic shipping business, its emerging businesses saw growth between 70-100% year-on-year in FY24.