Shiprocket Private Limited
Working at Shiprocket Private Limited
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5% above
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About Shiprocket Private Limited
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The platform helps the sellers at every step of their eCommerce journey, creating an operating system for direct commerce. Their stack of tech integrations enables shipping, fulfilment, customer communication and marketing tools as well as providers for SMEs, D2C retailers, and social commerce retailers in India. Launched in 2017, Shiprocket is on a mission to create a seamless logistics data platform that connects retailers, carriers, and consumers across national and international locations.
Shiprocket provides a technology stack to help retailers integrate their shopping websites on Shopify, Magento, WooCommerce, Zoho, and others with the platform’s multi-carrier API to manage orders, prints, and shipping labels. It also avails tracking information from multiple providers including managing Cash on Delivery (COD) orders and payment reconciliation. Shiprocket also offers state-of-the-art warehouses located across India. The technology stack provides a robust post-purchase experience to consumers resulting in higher engagement and lower RTO (failed deliveries). With 200+ partners, Shiprocket helps to offer a seamless post-checkout experience.
Shiprocket Private Limited Ratings
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Change Company | Change Company | Change Company | ||
---|---|---|---|---|
Overall Rating | 3.9/5 based on 341 reviews | 3.9/5 based on 6.1k reviews | 3.8/5 based on 3.8k reviews | 3.6/5 based on 2.2k reviews |
Highly Rated for | Salary Work-life balance Company culture | Skill development | No highly rated category | No highly rated category |
Critically Rated for | No critically rated category | Promotions | Promotions | Promotions Salary Job security |
Primary Work Policy | Work from office 96% employees reported | Work from office 83% employees reported | Work from office 84% employees reported | Work from office 85% employees reported |
Rating by Women Employees | 3.9 Good rated by 72 women | 3.4 Average rated by 372 women | 3.6 Good rated by 228 women | 3.5 Good rated by 126 women |
Rating by Men Employees | 4.0 Good rated by 250 men | 3.9 Good rated by 5.2k men | 3.8 Good rated by 3.2k men | 3.6 Good rated by 1.9k men |
Job security | 3.8 Good | 3.6 Good | 3.5 Good | 3.3 Average |
Shiprocket Private Limited Salaries
Software Engineer
Senior Specialist
Key Account Manager
Senior Software Engineer
Associate Director
Quality Analyst
Product Manager
Finance Specialist
Associate Product Manager
Software Developer
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Shiprocket Private Limited News
This Week In Crypto Asia: Kraken Eyes India Return
- Crypto exchange Kraken is in discussions with India’s Financial Intelligence Unit (FIU) to re-enter the Indian market after being banned last year.
- India represents a fast-growing market for cryptocurrencies with a large population and increasing adoption of digital assets.
- Kraken plans to leverage the expertise of Vishesh Khurana, co-founder of Shiprocket, in business scaling and regulatory navigation in India.
- Kraken witnessed a significant increase in data requests from law enforcement and regulatory agencies, with 28.6% of the total requests coming from US agencies.
Ola Electric’s Contract Renegotiations, EVs And Rural India, Life After BYJU’S & More
- Ola Electric is facing challenges in its contract renegotiations, impacting its February registration data on the VAHAN portal.
- The company's consolidated net loss widened 50% YoY to INR 564 Cr due to rising competition in the Indian EV market.
- Ola Electric's stock has been declining post its disappointing Q3 FY25 results and regulatory issues related to after-sales support.
- IN-SPACe introduced a Technology Adoption Fund to support spacetech startups, while the fall of BYJU’S affected startups like WhiteHat Jr and EPIC.
- Shiprocket aims to become profitable and has crossed INR 1,300 Cr in revenue with an asset-light model.
- Sarvam AI plans to submit a proposal to IndiaAI Mission for building a generative AI model, and rural adoption of EVs faces challenges in India.
- Smart home brands are driving the revolution with AI and IoT integration, and Credit Fair secures $5 Mn in debt for solar financing.
- Awfis faces scrutiny by GST department over an excess input tax credit claim, and Navanc, a startup by ex-Navi executive, focuses on AI-powered creditworthiness assessment.
- Navanc's tools help NBFCs evaluate creditworthiness, provide credit scores, and instant property valuation estimates using AI algorithms.
- Backed by investors like Parambh Ventures, Navanc plans to expand in urban and semi-urban India with AI-led fintech capabilities.
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Inside IPO-Bound Shiprocket’s Rise From Logistics Aggregator To Full-Stack Digital Commerce
- The ecommerce logistics sector in India is growing rapidly with the market projected to reach $7.8 Bn by 2030 from $4.4 Bn in 2025.
- Shiprocket, founded in 2017, aimed to tackle small businesses' shipping challenges by offering an asset-light, technology-driven model.
- The unicorn serves over 100K sellers, provides various services, and raised over $320 Mn from investors like Lightrock, Temasek, and Zomato.
- Shiprocket's focus on technology, automation, and data intelligence drives efficiency in reaching consumers on time for businesses of all sizes.
- Challenges in the logistics industry in India include last-mile inefficiencies, regulatory obstacles, and unpredictable demand fluctuations that require agility.
- Shiprocket is expanding its offerings beyond shipping, aiming to provide end-to-end fulfilment and financial enablement through strategic partnerships.
- The startup plans to go public in the next fiscal year, transforming into Shiprocket Limited to capitalize on the IPO trend in Indian startups.
- Shiprocket leverages AI, automation, and deep integrations for efficiency in its operations, offering an advanced logistics network for businesses.
- The startup navigates regulatory hurdles by staying compliant, simplifying customs, working with global logistics providers, and integrating with global marketplaces.
- Shiprocket focuses on empowering D2C brands and SMBs by providing seamless, tech-driven solutions beyond just logistics to drive growth in digital commerce.
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Shiprocket To Raise Rs 219 Cr Led By KDT Ventures, Others
- Shiprocket, a logistics SaaS unicorn, is raising ₹219 crore ($26 million) in an extension of its Series E funding round.
- The round is led by KDT Ventures and also saw participation from MUFG Bank, Tribe Capital, and SAI Global.
- Through this investment, Shiprocket is offering shares equal to 2.2% of its ownership.
- Shiprocket offers logistics and supply chain solutions, connecting retailers' websites with e-commerce platforms.
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Shiprocket To Raise INR 219 Cr From KDT Ventures, Others
- Logistics startup Shiprocket is raising INR 219 Cr in a funding round led by KDT Ventures.
- Other investors participating in the round include MUFG Bank, Tribe Capital, SAI Global, and Huddle Ventures.
- Shiprocket's board passed a special resolution to issue Series E3 compulsorily convertible preference shares (CCPS) to the investors.
- The funding will support Shiprocket's acquisitions and experimentation with new offerings.
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Shiprocket Expands ESOP Pool With 31K Stock Options
- Logistics unicorn Shiprocket has expanded its employee stock option plan (ESOP) by adding 31,011 stock options under its ESOP Plan 2016.
- The board approved a special resolution to increase the total ESOP pool to 1.74 Lakh (1,74,440) stock options from 1.4 Lakh (1,43,429) earlier, as per RoC filing.
- Shiprocket serves as an aggregator for third-party logistics companies and collaborates with 17 courier partners, including Delhivery, FedEx, Aramex, Xpressbees, DTDC, and Shadowfax.
- Shiprocket's revenue jumped 20.8% to INR 1,316 Cr in FY24, but its net loss increased to INR 595 Cr primarily due to one-time restructuring and integration-related accounting impact.
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Shiprocket Appoints Vivek Sharma as VP of International Shipping to Accelerate Cross-Border Growth
- Shiprocket has appointed Vivek Sharma as the new Vice President of International Shipping.
- Vivek brings over 35 years of experience in international logistics and will help strengthen Shiprocket's position in cross-border logistics.
- His focus will be on expanding ShiprocketX and CargoX, developing new verticals, and scaling international trade for Indian merchants.
- This appointment aligns with Shiprocket's strategy to offer advanced solutions and capitalize on India's growing eCommerce export market.
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Startup news and updates: Daily roundup (December 10, 2024)
- Semiconductor startup Netrasemi has raised Rs 10 crore in a pre-Series A round from Unicorn India Ventures to build Edge AI for IoT products.
- Edtech startup Kreedo Early Childhood Solution has raised Rs 10 crore in debt funding from Recur Club to support its growth and expansion plans.
- Shiprocket, an ecommerce enablement platform, has appointed Vivek Sharma as Vice President of International Shipping to focus on expanding new verticals and geographies.
- MUFG Bank and Koch Group's investment in Shiprocket has been approved by the Competition Commission of India (CCI).
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CCI Approves MUFG Bank and Koch Group’s Investment in Shiprocket
- Japan-based MUFG Bank and US-based Koch Group's subsidiary, KDT Venture Holdings, have received approval from the Competition Commission of India (CCI) for acquiring minority stakes in Shiprocket.
- Shiprocket is a leading logistics and e-commerce platform that works with 17 courier partners to provide efficient shipping for e-commerce businesses.
- Shiprocket recently launched its own direct-to-consumer (D2C) marketplace called Zop, and was selected by the Indian government to set up pilot e-commerce export hubs (EEHs).
- Despite widening net losses in FY24, Shiprocket aims to achieve full-year profitability by the end of the current financial year through strategic investments and acquisitions.
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CCI approves MUFG Bank’s stake buy in Shiprocket
- The Competition Commission of India (CCI) has approved MUFG Bank's stake purchase in Shiprocket.
- MUFG Bank is a wholly-owned subsidiary of Mitsubishi UFJ Financial Group, Inc. It operates in India's banking services sector.
- Shiprocket is a logistics platform that provides logistics services to businesses domestically and internationally.
- Another approval by CCI is for Platinum Stone A 2014 Trust to subscribe to optionally convertible debentures of GMR Infra Enterprises Private Ltd.
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