Shiprocket Limited

Shiprocket's strong first quarter results demonstrate accelerating growth and improving profitability within the Indian e-commerce logistics sector. Revenue surged 34% year-over-year to ₹592 crore, fueled by a 22% increase in the core shipping business and a remarkable 70% expansion of its emerging business segment. This performance, alongside a ninefold improvement in adjusted EBITDA to ₹8.9 crore, highlights the effectiveness of Shiprocket’s cross-selling strategies and new product innovations like AI Assist and Steal Deal, which are aimed at boosting merchant conversion and average order value. With a growing merchant base and increasing GMV, Shiprocket is well-positioned to capitalize on the continued expansion of e-commerce in India.