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Shiprocket eyes IPO at 30% lower valuation

Shiprocket eyes IPO at 30% lower valuation

NewsBytes 2 weeks ago
E-commerce logistics company Shiprocket is expected to launch its initial public offering (IPO) in the next one or two weeks, according to the Economic Times.
The move comes at a valuation of some ₹7,000 crore. This valuation is nearly 30% lower than its last private round valuation of ₹10,000 crore when it raised funds from Koch Group of the US and MUFG Bank of Japan, among others.
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