Shiprocket Private Limited
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About Shiprocket Private Limited
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.
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Change Company | Change Company | Change Company | ||
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Overall Rating | 3.4/5 based on 254 reviews | 3.9/5 based on 5.8k reviews | 3.9/5 based on 3.5k reviews | 3.7/5 based on 2.1k reviews |
Highly Rated for | No highly rated category | Skill development | No highly rated category | No highly rated category |
Critically Rated for | Promotion/Appraisals Work Satisfaction Skill development | Promotion/Appraisals | Promotion/Appraisals | Promotion/Appraisals Company culture Salary & Benefits |
Primary Work Policy | Work from office 94% employees reported | Work from office 84% employees reported | Work from office 82% employees reported | Work from office 88% employees reported |
Rating by Women Employees | 3.5 Good rated by 59 women | 3.4 Average rated by 327 women | 3.7 Good rated by 215 women | 3.4 Average rated by 119 women |
Rating by Men Employees | 3.4 Average rated by 176 men | 3.9 Good rated by 4.9k men | 3.9 Good rated by 3k men | 3.7 Good rated by 1.8k men |
Job Security | 3.2 Average | 3.6 Good | 3.6 Good | 3.3 Average |
Shiprocket Private Limited Salaries
Software Engineer
Senior Specialist
Senior Software Engineer
Key Account Manager
Product Manager
Quality Analyst
Associate Director
Finance Specialist
Associate Product Manager
Data Analyst
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Shiprocket Private Limited News
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.
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.
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).
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.
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.
CCI Approves MUFG, Koch Group’s Investment In Shiprocket
- The Competition Commission of India (CCI) has approved the investment of MUFG Bank and Koch Group in logistics unicorn Shiprocket.
- Shiprocket, founded in 2017, is an aggregator of third-party logistics companies and operates a D2C marketplace called Zop.
- The company has seen an increase in revenue but also a significant net loss due to restructuring and integration-related accounting impact.
- Shiprocket aims to achieve profitability in the fiscal year 2025 and plans to acquire more companies in the future.
Competition Commission Clears MUFG Bank And Koch Group's Stake Buy In Zomato-Backed Shiprocket
- The Competition Commission of India has approved the acquisition of minority shareholding in Shiprocket Pvt. by MUFG Bank and Koch Group.
- Shiprocket, a logistics platform backed by Zomato, reported a 21% revenue growth in FY24 and aims to start clocking profits in the current financial year.
- Shiprocket made five acquisitions in 2022 and turned into a unicorn with a valuation of over $1 billion.
- Moving forward, Shiprocket aims to expand key emerging areas, including cross-border enablement for brands.
Battery Smart Names Former Shiprocket Executive As CFO
- Delhi NCR-based deeptech startup Battery Smart has appointed Amit Bhardwaj as its CFO.
- In his new role, Bhardwaj will drive profitability and oversee financial strategy for Battery Smart.
- Bhardwaj has over 20 years of experience and has previously worked with Shiprocket and Cars24.
- Battery Smart offers battery swapping solutions and has the highest number of swapping stations in Delhi NCR.
Shiprocket and CSC has Selected by the goverment to pilot E-commerce export hub
- The government has selected Shiprocket and CSC to establish e-commerce export hubs on a pilot basis.
- The hubs will be located around Delhi airport and are expected to begin operations in February next year.
- The e-commerce export hubs will provide facilities for security, customs clearance, certification, and quality assurance.
- The government aims to establish more such hubs based on the success of the pilot projects.
Shiprocket Selected For Ecommerce Export Hub Pilot
- The central government has selected Shiprocket and Cargo Service Centre to set up pilot ecommerce export hubs (EEHs).
- EEHs will be first set up around Delhi's international airport by February 2025.
- The hubs will expedite customs and security clearance and provide easy access to global markets for artisans, SMEs, and ODOP producers.
- Shiprocket reported a rise in revenue but also recorded a net loss in the financial year ending on March 31, 2024.
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