Shiprocket to file fresh DRHP for Rs 2,342 crore IPO, eyes AI-led growth

• Shiprocket plans to file an updated DRHP for a Rs 2,342.35 crore IPO, including a Rs 1,100 crore fresh issue and Rs 1,242.35 crore offer for sale.
• The company will invest Rs 505 crore in core and emerging businesses, with Rs 294 crore for marketing and Rs 211 crore for technology infrastructure.
• Shiprocket's marketing strategy focuses on AI-aided performance marketing and expanding its hyperlocal quick commerce platform, Shiprocket Quick.
• The firm reported a 15% YoY revenue rise to Rs 942.6 crore in H1 FY26, narrowing losses to Rs 38.3 crore, and achieved EBITDA cash positive in FY25.