Shiprocket files updated DRHP for Rs 2,342-cr IPO

• Shiprocket filed an updated DRHP for an IPO aiming to raise over Rs 2,342.3 crore.
• The IPO comprises a fresh issue of Rs 1,100 crore and an offer-for-sale of Rs 1,242.3 crore.
• Backed by investors like Bertelsmann, Temasek, and Zomato parent Eternal, Shiprocket enables e-commerce for MSMEs.
• IPO proceeds will fund platform growth (Rs 505 cr), debt repayment (Rs 210 cr), and inorganic growth.
• Shiprocket reported narrowed losses and increased revenue in H1 FY25 and FY25, serving over 1.5 lakh merchants.

Why It Matters: Shiprocket's IPO empowers MSMEs, shaping India's e-commerce future.